Here’s what happened in crypto today
Today in crypto, MicroStrategy has kicked off 2025 with the purchase of 1,070 Bitcoin made on Dec. 30 and 31, according to an official announcement on Jan. 3. The purchase comes after MicroStrategy chairman Michael Saylor hinted at another Bitcoin purchase in an X post on Jan. 5. In related news, Metaplanet — known as Japan’s MicroStrategy — said it aims to increase its Bitcoin holdings five-fold to 10,000 Bitcoin in 2025.MicroStrategy kicks off 2025 with 1,070 Bitcoin purchase announcementMicroStrategy, a major corporate Bitcoin holder, announced a fresh purchase of 1,070 BTC made in the last two days of 2024.The company revealed the purchase on Jan. 6, stating that it spent about $101 million in cash on Dec. 30–31, 2024.The acquisition was made at an average price of roughly $94,004 per BTC, according to a filing with the United States Securities and Exchange Commission.MicroStrategy has not made additional Bitcoin purchases since Dec. 31, as noted in its current Form 8-K filing.Similarly to previous MicroStrategy’s Bitcoin buys, the latest acquisition was made using proceeds from the issuance and sale of shares under a convertible notes sales agreement.Metaplanet eyes upping Bitcoin holdings to 10,000 BTC in 2025Metaplanet is aiming to expand its Bitcoin stash more than fivefold to 10,000 Bitcoin in 2025, as analysts predict a bull run this year that could see Bitcoin rise above $200,000.The Japan-based venture capital firm was one of the most notable companies to follow MicroStrategy’s Bitcoin investment playbook in 2024 and currently holds 1,762 Bitcoin (BTC) worth $173.4 million from 19 purchases.Metaplanet CEO Simon Gerovich said in a Jan. 5 X post that its aim this year is to increase its holdings to 10,000 BTC “by utilizing the most accretive capital market tools available to us.” Gerovich also said it aims to advance Bitcoin adoption in Japan and globally, as well as to “grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.”Michael Saylor hints at another Bitcoin purchaseMicroStrategy co-founder Michael Saylor hinted at another impending Bitcoin purchase by posting the SayorTracker chart, which documents the company's Bitcoin (BTC) acquisitions over time."Something about SaylorTracker.com is not quite right," the tech founder teased to his 3.9 million followers on the X social media platform.Saylor posted the same chart one week ago on Sunday, Dec. 29, 2024. The following day, MicroStrategy purchased 2,138 Bitcoin, valued at $290 million at the time of the acquisition.MicroStrategy continues to expand on its 21/21 plan, to secure $42 billion in Bitcoin by offering $21 billion in equity and $21 billion in fixed-income securities to finance its Bitcoin treasury.