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Japan’s MicroStrategy Metaplanet To Raise $745M To Buy 21,000 Bitcoins
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4 days agoon
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adminMetaplanet, 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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Betting on FOMC Meeting Made This Investor $35,000
Published
13 hours agoon
January 31, 2025By
adminAmid the odds and uncertainty, an investor bid on the FOMC meeting and made $35,000. Although this is nothing new in the crypto market, such milestones are remembered either due to them turning successful at odds or giving handsome returns, and this incident carries both things. Let’s discuss.
FOMC Meeting: No Rate Change Decision Made Investor $35K
The US FED decided to keep the interest rate study between $4.25% and $4.50, which most experts already anticipated. Jerome Powell’s speech mentioned that the economy is strong, but inflation is still above the central bank’s 2% targets. With the FOMC meeting on January 2, there’s a pause on the rate cuts after the three cuts happened in 2024.
“With the economy continuing to be robust, we don’t have to rush to change the policy direction,” said Powell.
Notably, an experienced trader made the best use of the opportunity, betting on the FOMC outcome and making $35,000 in just a few hours. Interestingly, the person took a risk, as they bet $1.86M. If the FED has opted for rate cuts, this investor would have lost $1.86M.
Some complimented this better’s trust and bold moves, while some criticized the madness, as the person bet millions of dollars for a mere profit. Regardless, the investor’s intuitions and research worked, making a $35,000 profit.
How is This FOMC Meeting Affecting the Crypto Market?
Along with the inflation discussion, Jerome Powell’s one specific statement has become the highlight of the Fed meeting. Powell stated that US banks are fully capable of managing any risks associated with crypto clients, which experts believe signals ‘no significant plans to restrict financial institutions from dealing with the crypto industry.’
Interestingly, before the FOMC meeting, a significant crypto crash took place, which impacted digital assets massively. However, past the meeting, bullish momentum has begun building. The Bitcoin price surged to $106.2k on January 30, and the rest of the altcoins followed up soon.
Investors’ trading activity and interest also grew in the market, especially in Bitcoin, XRP, VVV, and other tokens, per a santiment report. Considering that an earlier CoinGape report mentioned these as the cryptos to buy before January 31 for high returns.
However, with the upcoming U.S. economic data report, the crypto market is a bit turbulent today. Such macroeconomic events affect investors’ sentiments and interfere with the price trajectories of digital assets, so careful trading activities are mandatory at this point.
Key Things To Remember
The FED meeting positively affected the crypto market, especially the BTC token. Since then, the Bitcoin price surge has surged to $106.2k before declining again due to upcoming U.S. economic data. As a result, the entire crypto market is facing turbulence today. Interestingly, some investors consider it a buying opportunity, as the digital assets trade at a low. The aforementioned investor also identified a trading opportunity in the FOMC meeting, as they bet $1.86M on ‘no rate cuts,’ earning $35,000 in profits. With this, the person highlighted the earning potential of the market, but it is only possible with the proper research and skills.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
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 Clears Bitwise ETF Offering Dual Bitcoin and Ethereum Holdings
Published
21 hours agoon
January 31, 2025By
adminThe U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF). This decision allows NYSE Arca to list and trade shares of the fund, which will hold both Bitcoin and Ethereum alongside cash reserves. The approval was granted on an accelerated basis, as indicated in the SEC filing released on January 30, 2025.
US SEC Approves Bitwise ETF Holding Both Bitcoin and Ethereum
According to the recent filing, the SEC approved the Bitwise ETF on an accelerated basis. The approval permits NYSE Arca to list and trade the ETF, which will provide investors with direct exposure to both Bitcoin and Ethereum.
The Bitwise ETF will hold spot Bitcoin, Ethereum, and cash reserves. This structure is designed to offer diversified exposure to the two largest cryptocurrencies by market capitalization. The SEC’s approval follows a series of crypto-related ETF filings submitted by multiple financial firms in recent months.
Following the ongoing trend on crypto ETFs, a report highlighted that Grayscale filed for a spot XRP ETF with the New York Stock Exchange (NYSE). The asset manager will convert its existing XRP Trust into an ETF, which would be listed and traded on the exchange. This move comes shortly after Grayscale filed for Litecoin and Solana ETFs, signaling increasing interest in crypto investment products.
Pending S-1 Registration Required for Trading
Despite the approval of form 19b-4, the Bitwise ETF still requires SEC clearance for its pending S-1 registration. Both steps are necessary before the fund can begin trading on the exchange.
The S-1 registration review will determine compliance with regulatory standards, including investor protection measures and transparency requirements. Bitwise Asset Management must await further approval before officially launching the ETF in the market.
In the Thursday filing, the US SEC wrote,
“In particular, the Commission finds that the Proposal is consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the Exchange’s rules be designed to ‘prevent manipulative acts and practices’ and, ‘in general, to protect investors and the public interest.”
Broader Regulatory Shift in Crypto ETFs
The US SEC decision reflects an evolving regulatory stance on cryptocurrency ETFs. Under the current administration, firms have submitted multiple applications to launch similar financial products. Recently, VanEck and ProShares filed for ETFs tracking assets like Litecoin, XRP, and Solana.
The approval of the Bitwise ETF follows prior approvals in December 2024 for crypto index ETFs from firms such as Hashdex and Franklin Templeton.
It is worth noting that earlier in the week, the asset management firm submitted an S-1 filing with the US SEC for a spot Dogecoin ETF. Bitwise confirmed that the ETF’s Net Asset Value (NAV) will be based on the Dogecoin-Dollar settlement benchmark from CF trading.
Bitcoin and Ethereum prices have shown movement following the announcement. At press time, Bitcoin is trading at $104,612.69 with a 1.13% increase over the past week, while Ethereum stands at $3,269, gaining 4% in the last 24 hours.
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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DeepSeek AI Removed From Apple and Google Store In Italy
Published
2 days agoon
January 29, 2025By
adminThe artificial intelligence application DeepSeek has been removed from Apple’s App Store and Google’s Play Store in Italy. Italian users attempting to download the app on Wednesday received messages stating that it was “currently not available in the country or area” on Apple’s platform and “not supported” on Google’s service.
Italy Restricts DeepSeek AI Amid Growing Data Privacy Concerns
According to a recent report, DeepSeek AI is unavailable on Apple and Google app stores in Italy. Despite this restriction, users who had previously installed the app can still access its services. The app remains available for download in other European Union countries and the United Kingdom.
The sudden removal of DeepSeek AI follows an inquiry by Italy’s data protection authority regarding the app’s data collection and storage practices. The regulator has asked DeepSeek to disclose the type of data collected, its sources, intended use, legal basis, and storage locations. The company has been given 20 days to respond.
Notably, the Chinese company recently gained widespread attention after surpassing ChatGPT in downloads on Apple’s App Store. The rapid growth of the AI application led to concerns among investors, triggering a sell-off in technology stocks. The app’s rise has been attributed to its claims of offering AI services at a lower cost than competitors.
The increasing adoption of DeepSeek has drawn scrutiny from regulators and competitors alike. The Italian data regulator, known for its active stance on AI oversight, has previously taken similar actions, including a temporary ban on ChatGPT in 2023.
OpenAI’s Allegations Against DeepSeek
In a parallel development, OpenAI has alleged that DeepSeek may have used its research and technology to develop its AI model. The accusations revolve around a process called knowledge distillation, which involves extracting insights from pre-existing AI models to improve performance at a reduced cost.
OpenAI has stated that Chinese and other foreign companies are consistently attempting to leverage the work of leading U.S. AI firms. Speaking to Fox News, White House AI and crypto czar, David Sacks added,
“There’s substantial evidence that what DeepSeek did here is they distilled the knowledge out of OpenAI’s models,” Mr Sacks said. I think one of the things you’re going to see over the next few months is our leading AI companies taking steps to try and prevent distillation. That would slow down some of these copycat models.”
US National Security Concerns
In addition, a recent CNN report highlighted that U.S. officials are evaluating the national security risks associated with DeepSeek’s expansion. White House press secretary Karoline Leavitt confirmed that the National Security Council is examining the potential implications of the app’s rise.
The U.S. Navy has already taken precautionary measures by banning its personnel from using DeepSeek due to security and ethical concerns. The rapid emergence of DeepSeek AI has prompted discussions on regulatory oversight, competitive practices, and data security.
Additionally, to maintain a competitive edge, OpenAI launched ChatGPT Gov for U.S. agencies, ensuring secure AI use within Microsoft Azure. The platform enhances efficiency in tasks like policy drafting, data analysis, and cybersecurity. With over 90,000 government employees using ChatGPT since 2024, OpenAI aims to meet strict compliance standards.
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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