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Metaplanet, a Japanese investment firm that has adopted a bitcoin accumulation strategy, has spent an additional $43.9 million in acquiring 497 BTC.The company disclosed on Wednesday that it purchased an additional 497 BTC at an average price of $88,448 per bitcoin, raising its total holdings to 2,8…
Japanese investment firm Metaplanet has bought another $44 million worth of Bitcoin, which has seen its stock jump by 19% on the day so far.Metaplanet CEO Simon Gerovich said in a March 5 X post that the firm bought 497 Bitcoin at around $88,448 per coin for a total spend of $43.9 million. He added…
Stock futures indicated a subdued opening for Wall Street on Tuesday as markets braced for the potential impact of more stringent U.S. trade controls on Beijing and awaited quarterly earnings from AI-chip leader Nvidia. Investors focused on a report that said the U.S. was planni…
Metaplanet (3350) said it bought a further 269.43 bitcoin , strengthening its position as a major corporate holder of the cryptocurrency. The latest purchase, valued at 4 billion yen ($26.4 million), takes the Tokyo-based company's holdings to 2,031.41 BTC.The purchase is part of the company’s ongoi…
Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target. Factors That Could Contribute To The $100 XRP Price TargetIn a YouTube…
Bitcoin’s aggregate cost basis — a key metric measuring the original value of all Bitcoin holdings — reached an all-time high of $40,980 at the end of 2024, according to ARK Invest’s Big Ideas 2025 report.The Bitcoin (BTC) cost basis saw an 86% increase during the past year before reaching the recor…
Several companies in Japan are staking their future on Bitcoin ($BTC) and are buying up more of the digital currency. These include a former hotel developer, a software development company, and a mobile game studio.But what’s driving them to spend billions of yen on $BTC? We’ll discuss these and mor…
Crypto regulations are a competitive business in Asia, with places such as Hong Kong and Singapore vying to become Asia’s crypto hub and capture all the business associated with that status.The challenge, though, lies in crafting a rulebook that balances investor protections with a welcomingness to …
Havoc in crypto markets spread to stocks of crypto-focused companies, with losses in U.S. futures pointing to declines in equities that are likely to put bitcoin on track for further losses because it tends to mirror movements of U.S. stock markets.S&P 500 futures slid 1.4%, Dow Jones futures fell …
Indian cryptocurrency exchange WazirX has secured approval from the Singapore High Court for its restructuring plan, enabling the repayment of customer funds stolen in a massive cyberattack in July 2024.On Jan. 23, the Singapore High Court approved WazirX’s plan under the Companies Act 1967, paving …
LINE NEXT, the Web3 venture under one of Asia’s largest messaging apps, today launched its first batch of Dapps that users can access via LINE mobile messenger, aiming to drive large-scale Web3 adoption in Asia.The applications, named Mini Dapps, encompass games, social media services and other Web3…
Massachusetts and Wyoming have formally introduced bills today to establish a strategic Bitcoin reserve for the state. California’s state representative has also started proceedings to draft a Bitcoin-focused bill. As of January 2025, at least 15 US states are planning to add BTC as a part of their …