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Japan’s MicroStrategy Metaplanet To Raise $745M To Buy 21,000 Bitcoins
Published
4 weeks agoon
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Metaplanet, popular as Japan’s MicroStrategy, has announced a massive $745 million fundraising plan in an aggressive push to increase its Bitcoin holdings. Following MicroStrategy’s Bitcoin playbook, the Japanese firm has been raising funds and has acquired over 1,700 Bitcoin already over the past eight months. Additionally, the company also unveiled its 2025-2026 plan where it plans to acquire a total of 21,000 Bitcoins in the next two years.
Metaplanet Announces Historic ¥116 Billion Capital Raise for BTC Purchases
In the latest announcement, the Japanese firm issued 21 million shares of 0% discount moving strike warrants in a landmark capital raise, set to generate approximately ¥116 billion i.e. $745 million. Metaplanet declared that it would direct these funds towards additional Bitcoin purchases.
Just as MicroStrategy continues its Bitcoin buying spree with the latest 10,107 BTC purchase, the Japanese firm is making similar moves. Following the board meeting on January 28, the company approved the issuance of the 13th to 17th series of stock acquisition rights.
Furthermore, for this capital raise, the company has also entered into a Stock Issuance Rights Purchase Agreement with EVO FUND. The announcement came as Bitcoin price has once again caught the upward trajectory gaining 3.5% and moving past $102K levels again.
Japan’s MicroStrategy started adding Bitcoins to its balance sheet last year in May 2024. In the last eight months, it has successfully added 1762 BTC thereby triggering a massive surge in its stock price. The Metaplanet stock price continues to rise, soaring 3.10% on Tuesday to shoot 4,120 levels, and is up by 2,347% on the year chart.
2025-2026 Mega Bitcoin Buying Plan
Furthermore, Metaplanet, which identifies itself as a Bitcoin Treasury company has announced its mega plan for BTC purchases for the year 2025-2026. The company said that by the end of this year, it plans to increase its Bitcoin holdings by more than 5x to 10,000 BTC. Similarly, it also plans to double this holding in the next year to 21,000 BTC by the end of 2026. Speaking on the development, Simon Gerovich, Representative Director of Metaplanet said:
“Since adopting the Bitcoin Standard on April 8, 2024, Metaplanet has experienced exponential growth. The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company, and we are seizing this momentum to solidify our position as a global leader. Our vision is to lead the Bitcoin renaissance in Japan and emerge as one of the largest corporate Bitcoin holders globally. This plan is our commitment to that future.”
Key Milestones Achieved
The Japanese firm achieved some key milestones last year clocking a record-breaking 309.82% Bitcoin yield in Q4 2024, up from 41.7% in Q3 2024. Dylan LeClair, Director of Bitcoin Strategy at Metaplanet said:
“BTC Yield is the foundation of our strategy and the ultimate measure of our success. We don’t measure performance in fiat currencies like the yen or the dollar—our benchmark is Bitcoin itself”.
Furthermore, the company’s Bitcoin holdings currently stand at 1,761 BTC at an average purchase price of ¥11.85 million per Bitcoin. However, it already sitting on more than 100% profit as the current value of the holdings exceeds ¥27.7 billion.
Metaplanet shareholders surpassed 50,000, while share trading volume increased 430x year-over-year in JPY terms. Also, since adopting the BTC Standard in April 2024, the company’s market capitalization has surged by an extraordinary 7,000%. This puts that Japanese firm among the top 15 globally among publicly listed companies holding Bitcoin as of year-end 2024.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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US SEC Faces Backlash as Bybit Hack Highlights Lack of Oversight
Published
7 hours agoon
February 22, 2025By
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John Reed Stark has pointed out that one of the causes of a rising risk in crypto security is the US SEC cutting back on enforcement activities. This includes a latest attack on crypto trading platform Bybit which compromised and stole $1.5 billion belonging to customers.
The attack, which analysts describe as the largest crypto heist in history, has raised concerns about the lack of regulatory safeguards protecting investors.
US SEC Criticized as Bybit Hack Highlights Security Gaps
According to a recent post on X, Stark criticized the US SEC’s decision to roll back enforcement actions against cryptocurrency platforms. He pointed out that Bybit’s security breach is a direct consequence of weak regulatory oversight, leaving investors unprotected against sophisticated cyberattacks.
The attack on Bybit has been linked to North Korea’s Lazarus Group, a state-sponsored hacking collective known for targeting cryptocurrency exchanges. Analysts at blockchain forensics firm Elliptic reported that the group has stolen billions in crypto over the years, using complex laundering methods to fund North Korea’s missile programs. Without strict cybersecurity requirements enforced by the US SEC, exchanges remain vulnerable to such threats.
EX SEC John Reed Stark added,
“For crypto-exchanges, there’s no regulatory oversight; no consumer protections; no net capital requirements; no licensure of individuals; no US audits, inspections or examinations; no segregation of customer funds; no insurance, no cybersecurity requirements; no transparency; no accountability; no SEC/FDIC/OCC/etc. engagement and the list goes on”
Bybit’s $1.5 Billion Hack Exposes Risks
The Bybit hack has sparked concerns about the broader security risks in the crypto industry. Crypto exchanges lack oversight, unlike traditional financial institutions. They have no mandatory audits, capital reserves, or customer asset protection.
Bybit has responded by securing bridge loans to cover losses and working to recover the stolen assets. However, experts remain skeptical about the likelihood of successful recovery. This incident underscores how the absence of SEC enforcement leaves crypto investors exposed to large-scale losses with no regulatory safeguards.
With the US SEC pulling back from crypto-related investigations and enforcement, investors are left without key protections. The lack of insurance, consumer safeguards, and oversight mechanisms means that customers impacted by breaches like the Bybit hack have limited options for recovering their funds.
As the US SEC changes its regulatory stance, critics raise concerns. They argue that offshore crypto exchanges may still operate with weak security. This regulatory gap increases the risk of further large-scale hacks, placing investors at continued financial risk.
The US SEC decision to halt enforcement actions has sparked debates on crypto regulation. Ongoing cases against major exchanges are now on hold. Some industry participants see reduced oversight as a way to promote innovation. Others warn it increases risks of fraud, security breaches, and financial instability.
Following the recent crypto hack, Bybit has launched a $140 million recovery bounty to track and reclaim stolen funds. The exchange is offering rewards to individuals or organizations that provide information leading to the identification of hackers.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Analyst Identifies Key Support For Cardano Price Bullish Momentum
Published
23 hours agoon
February 22, 2025By
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Crypto analyst Ali Martinez has noted key support levels for Cardano (ADA) price between $0.67 and $0.80. He emphasized their role in sustaining the current bullish trend. According to Martinez’s analysis, these levels have historically acted as both resistance and support for the altcoin. The repeated interaction with this range indicates its significance in determining ADA price direction.
Key Support Levels for Cardano Price Stability
In a post on X, Ali Martinez highlighted that Cardano price has repeatedly tested the $0.67–$0.80 range. This zone has provided stability for ADA, preventing further declines and acting as a foundation for bullish movements.
Historical price movements suggest that this support area has been critical during both uptrends and corrections. The ability of ADA to hold above this range signals strong buying interest.
Recent market data indicates that ADA remains within this support range, maintaining its position despite market fluctuations. If buying pressure persists, Cardano price could establish a stronger footing and attempt an upward breakout.
Meanwhile, Grok 3 AI highlighted Cardano’s strong decentralization as a driving force behind its potential rally to $5-$6 in this bull cycle. If Cardano price can break key resistance levels, it may gain the bullish momentum needed to reach these ambitious price targets.
Technical Indicators Suggest Growing Buying Pressure
Cardano price is about to cross the 20-day Exponential Moving Average, a significant indicator for short-term trend identification. The 20 EMA acts as a support level and a breakout above it may indicate a rally for the altcoin.
Supporting the bullish sentiments, the 1-day Moving Average Convergence Divergence indicates Cardano price is holding above key support levels, providing a foundation for a altcoin rally.
More so, the MACD line is above the signal line, signaling a bullish crossover. If ADA maintains its position above $0.75 and builds on this momentum, it will break the $0.80 resistance and push higher in the short term.
Furthermore, there is the Parabolic Stop and Reverse (SAR) indicator whose dotted lines are placed below Cardano price, which is common in an upward trend. This suggests that ADA price has found a strong support base, further reinforcing the likelihood of an upward move.
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ADA Price To $1?
If Cardano price remains above the key support range of $0.67–$0.80 and manages to break above resistance levels, analysts project a potential rally toward $0.94. A successful test of this price point could pave the way for ADA to revisit the $1 mark.
Conversely, if ADA fails to sustain support above $0.67, selling pressure could increase, driving the price lower. In such a scenario, the next key support level would be around $0.54, where buyers might re-enter the market.
Moreover, another analyst shared the bullish sentiments, emphasizing that ADA price movements suggest a potential breakout. The expert highlighted that if Cardano surpasses the critical resistance at $0.9837, it could pave the way for a rally toward $1.35.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Pi Coin Price Crashes 50%, What Shall Investors Do Next?
Published
2 days agoon
February 21, 2025By
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All the excitement around the Pi mainnet launch has faded within 24 hours of launch as the Pi Coin sees strong selling pressure with its price crashing more than 50% from the peak of $2 yesterday. The selling pressure comes with huge trading activity as daily trading volumes surge to more than $1.2 billion.
Pi Coin Sees Major Pump and Dump
Pi Coin, the native cryptocurrency of the Pi Network faces a major pump-and-dump as it currently trades around $0.70 falling more than 65% from its peak of $2.0 Investors’ euphoria surrounding the mainnet launch seems to be waning fast.
Even as of the current price of $0.70, the Pi Network pegs a market cap of $4.45 billion. With more than 10 million users, the Pi Network has achieved significant market following. following the mainnet launch, a total of 1 billion from the total 9.7 billion PI tokens are available initially. The remaining tokens will be locked in user wallets and unlocked over a period of time.
Although some market analysts have turned bullish, investors should be careful while taking fresh bets and look for any potential signs of trend reversal.
Will Binance and Coinbase Listing lead to Trend Reversal?
Despite the current Pi Coin price fall, the optimism surrounding the recovery remains high. Some market analysts believe that this would not be the right time to sell at the bottom considering that the daily trading volumes have remained robust at more than $1.2 billion.
Some of the global crypto exchanges like OKX and CoinDCX have already extended support to Pi coin. Furthermore, the industry has been pushing to bring the Pi Network’s native crypto token to top exchanges like Binance and Coinbase.
Binance and Coinbase, being among the largest cryptocurrency exchanges globally, offer access to a vast user base and high trading volumes. This increased liquidity can make Pi Coin more attractive to traders and investors. Besides, it will further boost the credibility of the crypto asset among retail investors.
$PI network chart dosen’t look bad at all
are you selling the bottom?
Almost 1B volume in 8 hours, and pi is listed on only few CEX, when #Binance and other top CEX come real fun will start, buy the dip and hold #Picoin #PiNetwork #Crypto #Trump pic.twitter.com/i8rlk3k4ll
— GEM HUNTER
(@TrueGemHunter) February 20, 2025
Pi Community Shows Discontent
Following the massive pump and dump, there’s a major discontent among the Pi community. Notably, crypto commentator Wood LightYear expressed frustration over a specific narrative surrounding the Pi Network mainnet launch. In a statement shared on social media, LightYear said:
“The only narrative I really hated about yesterday’s listing of Pi was that of people having cheap access to accumulate what we paid for with our time, for many years.”
The sentiment highlights concerns among long-term supporters of the Pi Network, who believe the listing undermines the project’s core narrative of valuing time and attention
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
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