Metaplanet Increases Its Bitcoin Reserves by 150 BTC
Japanese investment firm Metaplanet has purchased 150 BTC worth ~$12.9 million, bringing its total holdings to 3,350 BTC.
This acquisition highlights the company’s strategy of using Bitcoin as a safe-haven asset, especially amid global inflation and economic instability.
Why Is This Important?
– Metaplanet continues accumulating BTC, reinforcing long-term confidence in cryptocurrency.
– The rise in corporate Bitcoin investments strengthens its institutional recognition.
– A decrease in available BTC on the market could contribute to future price appreciation.
BlackRock Increases Ethereum Reserves in BUIDL Fund to $1.145 Billion
The BUIDL fund, owned by investment giant BlackRock, now holds a record amount of **ETH worth ~$1.145 billion.
This signals growing institutional interest in Ethereum, which remains a key asset for decentralized applications (DeFi) and staking.
What Does This Mean for the Market?
– Ethereum continues attracting major investments, despite market volatility.
– Institutional demand growth could support ETH’s price.
– ETH’s position as the leading smart contract platform is strengthening.
Michael Saylor’s Strategy Acquires Another 6,911 BTC for $584 Million
Strategy, the company founded by Michael Saylor, has purchased 6,911 BTC worth ~$584.1 million at an average price of $84,529 per Bitcoin.
Strategy now holds 506,137 BTC, making it the largest corporate Bitcoin holder.
Why Does Strategy Keep Buying BTC?
– Saylor believes Bitcoin is digital gold and the best hedge against inflation.
– The company follows a long-term accumulation strategy and plans to continue purchasing BTC.
– With a potential rise in Bitcoin’s price, these investments could yield substantial profits.
Mt. Gox Transfers 11,501 BTC to Two Wallets
The Mt. Gox exchange, which collapsed in 2014, has transferred 11,501 BTC (~$1.01 billion) to two wallets, possibly signaling upcoming repayments to affected users.
How Were the Funds Distributed?
– 893 BTC (~$78.11 million) transferred to a hot wallet.
– 10,608 BTC (~$927.48 million) sent to a repayment wallet.
This event has raised concerns among investors, as potential repayments could lead to a large BTC sell-off, causing short-term price pressure.
Trump Media Prepares a Crypto ETF in Partnership with Crypto.com
Trump Media, associated with former U.S. President Donald Trump, has announced plans to launch a cryptocurrency ETF in collaboration with Crypto.com.
What Do We Know About the New Crypto ETF?
– The fund will likely include top crypto assets such as BTC and ETH.
– Trump Media aims to attract investors supporting crypto initiatives.
– Crypto.com will provide infrastructure for trading and asset custody.
This initiative could bring new investors into the crypto industry, particularly Trump supporters, and strengthen the role of cryptocurrencies in traditional financial systems.
In recent days, the crypto market has witnessed major institutional moves:
– Metaplanet increased its BTC reserves to 3,350 BTC, continuing its accumulation strategy.
– BlackRock raised its ETH holdings in the BUIDL fund to $1.145 billion, showing strong Ethereum interest.
– Michael Saylor’s Strategy acquired 6,911 BTC, bringing its total holdings to 506,137 BTC.
– Mt. Gox transferred 11,501 BTC, raising concerns over potential BTC sell-offs.
– Trump Media is planning a crypto ETF with Crypto.com, aiming to attract new investors.
These events confirm that institutional interest in cryptocurrencies continues to grow, with Bitcoin and Ethereum remaining the top assets for major players.
