Japan Pushes Ahead in Cryptocurrency Arena, Metaplanet Uplifts Bitcoin Holdings
by aria-crypto.com
March 18, 2025 at 10:32
Japan Pushes Ahead in Cryptocurrency Arena, Metaplanet Uplifts Bitcoin Holdings
Japanese investment firm Metaplanet has ramped up its Bitcoin portfolio by acquiring an additional 150 BTC, investing around $12.5 million. The transaction occurred at an average price of $83,508 per Bitcoin, marking a continuation of the company's aggressive accumulation strategy initiated in April 2024. With this latest purchase, Metaplanet's total Bitcoin holdings have increased to 3,200 BTC, valued at approximately $265.9 million. The strategy aims to expand Metaplanet's holdings to 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. To support its cryptocurrency strategy, the firm raised 2 billion yen ($13.3 million) through a bond issuance, allocating these funds entirely to further Bitcoin investments. Despite a slight 0.49% drop in its stock price on the announcement day, Metaplanet's shares have seen a significant 15.8% increase year-to-date, reflecting a 1,819% explosion over the past year. Meanwhile, the broader Japanese market, represented by the Nikkei 225 index, experienced a moderate gain of 1.2%. This bold move by Metaplanet highlights ongoing confidence in Bitcoin despite broader market uncertainties and a recent price pressure that saw the cryptocurrency struggling to stay above $85,000.
Read more
>> Solana Faces Mixed Results with CME Futures Debut Amid Market Comparisons
Solana futures launched on the Chicago Mercantile Exchange (CME) on March 17, attracting a trading volume of $12.1 million on the first day, noticeably lower than the debut volumes of Bitcoin and Ethereum on th...
3 hours ago
>> Polkadot ETF Gains Momentum with 21Shares and Nasdaq Collaboration
Nasdaq has progressed in the crypto ETF landscape by submitting a request to the U.S. Securities and Exchange Commission (SEC), aiming to approve the listing of a Polkadot ETF managed by Swiss asset manager 21S...
5 hours ago
>> US Expansion of Crypto Market Maker Keyrock Signals Regulatory Optimism
Crypto market maker Keyrock is expanding its footprint to the United States with the establishment of a new entity and an office in New York. Robert Valdes-Rodriguez, with over two decades of experience in fina...
5 hours ago
>> FED Decision Looms: How Bitcoin May Respond to Upcoming Interest Rate Updates
Amid anticipation of the Federal Reserve's interest rate decision, Bitcoin and other cryptocurrencies are under the spotlight. Analysts expect that there will be no change in interest rates, yet the market is p...
6 hours ago
>> SEC, Ripple, and Cardano: Hashdex Seeks Approval to Include New Cryptos in ETF
Brazil-based Hashdex has filed an amendment to its S-1 with the SEC to include additional cryptocurrencies, such as Ripple's XRP, Solana, and Cardano, in its crypto index ETF. Hashdex's ETF, initially anchored ...
7 hours ago
>> Russia's Oil Trade Boosted by Bitcoin and Ethereum Amid Sanctions
Russian oil firms are reportedly using cryptocurrencies such as Bitcoin and Ethereum, alongside USDT, to circumvent international sanctions. This method allows them to transform Chinese yuan and Indian rupees i...
9 hours ago
>> SEC vs Ripple Lawsuit Developments Spark Market Speculation
As the legal tangle between Ripple Labs and the United States Securities and Exchange Commission (SEC) drags on, the trajectory of XRP’s price remains clouded in uncertainty. Known for vigorous speculations, th...
11 hours ago
>> South Korea's Central Bank Resists Bitcoin Amid Global Trend Towards Crypto Reserves
South Korea's central bank has ruled out adding Bitcoin to its foreign exchange reserves, citing the cryptocurrency's high volatility and non-compliance with international reserve asset standards. This decision...
17 hours ago
>> EU Courts Next Battleground in Epic Quest to Recover Lost Bitcoin
A British man, James Howells, continues his relentless pursuit to retrieve approximately 8,000 bitcoins, now valued over $600 million, after accidentally discarding a hard drive containing them in 2013. His jou...
18 hours ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
