Bitcoin Surges Past $97,000 as Metaplanet Boosts Holdings
Bitcoin's price has surged past $97,000, driven by US-China tariff news and robust institutional demand. Meanwhile, Japanese firm Metaplanet has bolstered its Bitcoin holdings, now leading Asian public companies in this regard.
Metaplanet's latest move involves acquiring 555 Bitcoins, worth approximately ¥7.6 billion ($53.5 million), pushing its total holdings to 5,555 BTC, valued at around $537 million. The company's shares responded positively, closing up 11.45% at ¥477 on the Tokyo Stock Exchange. Metaplanet's aggressive Bitcoin strategy includes plans to raise ¥3.6 billion ($25 million) through zero-coupon bonds, issued to EVO FUND, for further acquisitions. This move reflects a broader trend of corporate Bitcoin adoption.
On the institutional front, BlackRock's iShares Bitcoin Trust (IBIT) has amassed over 620,000 BTC, worth $58.5 billion, following inflows of 5,613 BTC ($529.5 million) on Monday. Another notable player, Strategy, is planning to raise $84 billion for Bitcoin purchases, currently holding 555,450 BTC.
Metaplanet's recent Bitcoin purchases and bond issuance solidify its position as the leading Asian public company in terms of Bitcoin treasury. Meanwhile, institutional investors like BlackRock and Strategy continue to pour funds into the cryptocurrency, driving its price to new heights.
Read also:
- Regensburg Customs Crackdown Nets 40+ Violations in Hotel Industry
- Mural at blast site in CDMX commemorates Alicia Matías, sacrificing life for granddaughter's safety
- Germany Boosts EV Charging: 1,000 Fast-Charging Points on Motorways by 2026
- Albanese Invites LuLu Group to Australia as Free Trade Deal Takes Effect
