Here’s what happened in crypto today
Today in crypto, Kazakhstan’s central bank said it plans to establish a state-run crypto reserve, likely funded by seized digital assets and government-linked mining. Metaplanet has jumped to the fifth-largest corporate Bitcoin holder after its latest $108 million BTC purchase, and Michael Saylor signaled an eleventh consecutive week of Bitcoin buying by Strategy.Kazakhstan plans to establish national crypto reserveThe National Bank of Kazakhstan plans to establish a state-managed cryptocurrency reserve, according to a Monday report by government news agency Kazinform.Local authorities are studying the development of a crypto reserve, which would follow international practices. Typically, such reserves are likely to be funded with expropriated digital assets and state-run crypto mining operations, the report said.National Bank of Kazakhstan Chairman Timur Suleimenov acknowledged the volatility and risks associated with crypto assets. He said that placing the reserve under the control of a centralized institution would ensure proper oversight and risk management.A response from the national bank to a parliamentary inquiry concerning digital assets, dated May 22, also said that the central bank supported the creation of a state-run crypto reserve. The document suggested that it could be managed by a national bank subsidiary specializing in alternative investments.Metaplanet surpasses Cleanspark with $108M million Bitcoin buyJapanese Bitcoin treasury firm Metaplanet has surpassed mining company Cleanspark in becoming the fifth-largest corporate holder of Bitcoin after buying another 1,005 BTC for $108 million.The firm now holds 13,350 BTC acquired for around $1.31 billion at around $97,832 per Bitcoin. At current market prices, the treasury is worth $1.45 billion. Just 3 months ago, we announced live at our shareholder meeting that we hit 3,350 BTC — and now we’ve added 10,000 more to reach 13,350 BTC.ちょうど3か月前、株主総会で3,350 BTCに到達したことをライブで発表。そこからさらに1万BTCを積み上げ、いまや13,350 BTCに。今こそ、加速のとき。 https://t.co/sNe8vzTcRdBitcoin mining company CleanSpark holds 12,502 BTC, according to BiTBO. The firm has eclipsed Tesla, Hut 8, Coinbase and Block Inc. in Bitcoin treasury size and now only trails Strategy, Marathon Digital, Twenty One Capital and Riot Platforms.Metaplanet CEO Simon Gerovich said the aggregate price per coin for its latest purchase was $107,601, and the firm has achieved a BTC yield of 349% year-to-date.Saylor hints at continuing Bitcoin buying streak, marking week 11 of consecutive purchasesStrategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase in a Sunday social media post, making this the 11th consecutive week the company has accumulated more BTC.Data from SaylorTracker shows that Strategy currently has a total of 592,345 BTC, valued at over $63 billion, and is up over 52% on its investment.This translates to over $21.8 billion in unrealized gains for the Bitcoin treasury company, which is the largest corporate holder of BTC.Investors continue to closely monitor Strategy as both a proxy for Bitcoin and the firm leading the charge for corporate adoption of the supply-capped digital asset.