LATEST: Japan’s Metaplanet Buys 463 Bitcoin, Now Holds 17,595 BTC Worth $2B

Japanese bitcoin treasury firm Metaplanet has made another major move in its crypto strategy, purchasing 463 BTC worth $53.7 million. The company revealed on Monday that the latest acquisition was made at an average price of $115,895 per bitcoin. With this buy, Metaplanet now holds 17,595 BTC, valued at roughly $1.78 billion, based on an average price of $101,422 per bitcoin.

The company recently filed plans to raise up to 555 billion yen, or $3.7 billion, by issuing new perpetual preferred shares. This move aims to strengthen its long-term bitcoin buying strategy. CEO Simon Gerovich emphasized that Metaplanet is building a range of tools to support its bitcoin acquisitions and drive long-term shareholder value.

Metaplanet currently ranks seventh globally among bitcoin-holding companies. It stands just behind major firms such as Strategy, MARA, XXI, Bitcoin Standard Treasury Company, Riot, and Trump Media, according to Bitcointreasuries data. The company continues to push forward with its Bitcoin standard approach, signaling strong institutional support for crypto.

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More Young Traders Are Turning To AI When Crypto Gets Chaotic, Survey Says

Crypto trading moves fast. Prices fluctuate, news breaks constantly, and emotions can take over in an instant. For younger traders just trying to stay on top of it all, it can feel overwhelming. That’s where AI is starting to play a bigger role, helping Gen Z stay focused when the market gets messy.

A new report from MEXC, a cryptocurrency exchange, found that most Gen Z traders are now using AI bots to help them make trading decisions. These bots aren’t doing all the work, but they’re helping out during the stressful parts, especially when prices swing suddenly or things feel uncertain. Instead of trying to figure everything out on the fly, traders can set up bots with guardrails, such…

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LATEST: Nasdaq-Listed DevvStream Purchases $10 Million of Bitcoin and Solana

DevvStream Corp. (Nasdaq: DEVS), a leader in carbon management and environmental asset development, has officially launched its digital treasury strategy with strategic purchases of Bitcoin (BTC) and Solana (SOL). Funded by the first $10 million tranche of a $300 million secured convertible notes facility with Helena Global Investment Opportunities 1 Ltd., this marks the company’s first crypto deployment, aimed at strengthening financial and operational resilience.

Bitcoin was selected for its liquidity and role as a non-correlated store of value, while Solana was chosen for its high-speed blockchain infrastructure, aligning with DevvStream’s long-term vision of supporting sustainability-linked tokenization. The move is designed to bridge traditional carbon markets with the growing digital economy, and advance the integration of blockchain into environmental finance.

DevvStream also revealed plans to increase its existing $300 million Equity Line of Credit (ELOC), pending board and Helena’s approval. This expansion would provide added flexibility to scale investments in digital and environmental infrastructure. CEO Sunny Trinh called the crypto move a “critical step” toward tokenizing high-value environmental assets at scale.

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Coinbase eyes ‘Everything Exchange’ despite Q2 revenue decline

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Coinbase had a down second quarter from a revenue perspective, but remains undeterred in ultimately trying to bring every asset class onchain. 

First, some numbers.

The company’s total revenue of $1.5 billion in Q2 was 26% lower than the prior quarter. Transaction revenue took the biggest hit, dropping 39% quarter over quarter to $764 million amid lower volatility. Subscription and services revenue fell 6% to $656 million.

Worth noting: Competitor Robinhood also saw April-June transaction revenue plummet — dropping 36% to $160 million.

COIN shares were trading around $318 in…

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Imagine if Figma’s IPO had Hyperliquid’s pre-launch perps

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

The 13-year-old design software company Figma IPO’d on the NYSE yesterday.

As I write this edition, Figma’s stock is trading at $115. That’s a ~250% pop from its $33 opening price — above Circle’s June IPO pop of 168%, and far above the average 17% day-one IPO pop of past decades.

Great success! But according to the Crypto Twitter commentariat, that’s “legalized theft.”

Specifically, theft by the investment bankers from the retail public.

The general idea underlying this criticism is that:

Investment banks deliberately underprice IPOs below fair value, then allocate…

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The exchange that accidentally deleted its 17,000-Bitcoin wallet file

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

When it comes to Bitcoin mantras, “not your keys, not your coins” is as pure as it gets.

But there are levels to it. Sure, you might be self-custodying, but you might still be required to trust a wallet explorer, for example, to tell you your BTC balance.

Run your own full node, however, and you’ll only ever need to trust your own copy of the Bitcoin ledger.

So here’s one of Bitcoin’s oldest cautionary tales about why the above still matters, a decade and a half later.

Picture this: It’s mid-2011, and there are two major exchanges to buy and sell bitcoin: Mt. Gox,…

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LATEST: UK’s FCA Opens Bitcoin and Crypto ETNs Access to Retail Investors

Retail investors in the UK will soon gain access to crypto exchange traded notes (cETNs), as the Financial Conduct Authority (FCA) announces a significant regulatory shift. These cETNs must be traded on a UK-based, FCA-approved Recognised Investment Exchange (RIE), ensuring consumer protections and compliance with financial promotion rules.

According to David Geale, executive director of payments and digital finance at the FCA, the decision reflects the evolving crypto landscape. He stated that crypto products have become more mainstream and better understood, allowing for expanded investor choice while maintaining safeguards. Firms offering these products must follow the FCA’s Consumer Duty regulations, but investors won’t be protected by the Financial Services Compensation Scheme (FSCS).

This move is part of the FCA’s broader effort to build a crypto regulatory framework. While access to cryptoasset derivatives remains restricted, the FCA continues to explore proposals on stablecoins and high-risk investments, aiming to strike a balance between innovation and investor safety.

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LATEST: Japanese Firm Metaplanet Aims To Raise $3.6 Billion For Bitcoin Purchase

Japanese investment firm Metaplanet has filed a shelf registration to raise up to 555 billion yen, or $3.6 billion, through the issuance of perpetual preferred stock. The funds will support the company’s bold plan to acquire 210,000 Bitcoin by 2027, positioning it as a major player in the digital asset space.

The proposal includes creating two classes of perpetual preferred shares tailored to different investor risk profiles. Class A shares would offer up to 6% dividends and liquidation priority, functioning similarly to corporate bonds. Class B shares come with conversion rights into common stock through put options. Neither class carries voting rights, and no specific issuance date has been confirmed, pending shareholder approval and regulatory review.

Metaplanet currently holds 17,132 Bitcoin, valued at approximately $2 billion, with a 430.2% BTC yield year-to-date. Its stock trading volume soared to 1.86 trillion yen in June, nearly doubling from May. Shareholders will vote on the proposed changes at an extraordinary general meeting on September 1. The registration remains valid through August 2027.

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