Metaplanet has introduced a new two-tier preferred equity structure designed to deepen its bitcoin-centric financing model, launching a senior Class A instrument called MARS and a new perpetual Class B preferred share, MERCURY, that is expected to raise roughly $150 million. 

The move positions the Tokyo-listed firm as the latest major bitcoin treasury company to adopt a perpetual preferred structure, following Strategy and Strive.

MARS — short for Metaplanet Adjustable Rate Security — becomes the top layer of the company’s capital stack. The senior preferred shares are non-dilutive, offer no conversion rights, and feature monthly dividends that adjust based on where the…

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Metaplanet is moving to expand its already massive Bitcoin treasury with a new $150 million raise through Class B perpetual preferred shares. The Tokyo-listed firm aims to accelerate its long-term Bitcoin accumulation strategy without diluting shareholder voting power. Investors receive a steady 4.9% annual dividend, while the company channels fresh capital directly into BTC purchases.

The initiative strengthens Metaplanet’s role as one of Asia’s most aggressive corporate Bitcoin adopters, already holding more than 30,000 BTC. Management views Bitcoin as a strategic reserve asset, aligning with a broader trend of publicly traded firms integrating digital assets into their balance sheets. The perpetual preferred structure gives Metaplanet durable funding that matches its long-range crypto outlook.

The offering also highlights how traditional finance tools are being adapted for Bitcoin-centric strategies across Asia. By pairing income-focused securities with a Bitcoin treasury model, Metaplanet positions itself as a regional benchmark for listed companies seeking deeper exposure to digital assets.

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For most of my life, the limiting factor in bringing my ideas to life has been code. I’ve always had a clear vision for the tools I wanted to build, but the execution gap was real. The ideas stayed on whiteboards, in notebooks, or in half-finished PhotoShop mockups.

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In just 9 days, I built two fully functioning consumer applications designed to equip shareholders with the leverage they’ve never had: the ability to advocate—cleanly, credibly, and at scale, for Bitcoin on the corporate balance sheet.

These tools weren’t commissioned. No one told me to build them. They are not fancy, intricate, or technically complicated. They…

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The Abu Dhabi Investment Council (ADIC) expanded its exposure to Bitcoin ahead of the cryptocurrency’s sharp downturn, more than tripling its stake in BlackRock’s iShares Bitcoin Trust (IBIT) during the third quarter, regulatory filings show.

ADIC — an independently run investment unit within Mubadala Investment Co. — increased its holdings to nearly 8 million IBIT shares as of Sept. 30. 

The position was valued at about $518 million at the time, up from 2.4 million shares three months earlier, according to Bloomberg reporting. 

The accumulation by the Abu Dhabi council came just weeks before Bitcoin surged to a record high in early October and then slid below…

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Bitcoin’s recent decline is being driven by mid-cycle holders, not long-term whales, according to new on-chain research from VanEck analysts.

The firm noted in a recent report that long-term holders continue to accumulate while short-term futures markets show deeply oversold conditions following tariff-driven liquidations.

Despite widespread speculation that early Bitcoin whales triggered the selloff, on-chain data shows that coins held for five years or more continue to rise. 

These older cohorts increased their holdings by roughly 278,000 BTC over the past two years, signaling limited turnover among wallets with the longest histories.

In contrast, supply among wallets…

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Crypto markets are retreating more today as the Bitcoin price hovered near a seven-month low, with leading crypto stocks seeing notable declines. 

Bitcoin price is currently trading at $89,090, down 4% over the past 24 hours, with a 24-hour trading volume of $71 billion. The cryptocurrency is 4% below its seven-day high of $93,662 and roughly flat from its seven-day low of $88,800, according to Bitcoin Magazine Pro data. With a circulating supply of 19.95 million BTC out of a maximum 21 million, Bitcoin’s market capitalization stands at $1.78 trillion.

Coinbase Global dropped 4.9%, Bitfarms fell 7.5%, Strategy slipped 10.3%, Riot Platforms lost 3.7%, Hut 8 Mining fell 3.3%,…

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Brink, the Bitcoin development organization, recently funded the first ever independent security audit of Bitcoin Core conducted by a third party (the full report is available here). The audit was conducted by Quarkslab, a software security firm, with the help of the Open Source Technology Improvement Fund (OSTIF) and collaboration with Bitcoin Core developers Niklas Gögge, from Brink, and Antoine Poinsot, from Chaincode Labs. 

This security audit marks a milestone in the development history of Bitcoin Core, the most widely adopted and reference client of the Bitcoin network and protocol. 

While Bitcoin Core security policies and practices have been steadily hardened and…

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Bitcoin’s sharp pullback isn’t a reason for panic, according to Bitwise Chief Investment Officer Matt Hougan, who says the recent slide is nothing more than “short-term noise.” He emphasized that Bitcoin’s long-term value comes from the service it provides—offering a secure, non-sovereign way to store wealth—as global debt rises and demand for digital value storage grows.

Hougan compared Bitcoin to a digital service rather than a traditional asset, arguing that its worth increases as more people seek access to self-custodied value protection. Because the only way to use Bitcoin’s service is to own it, he said, demand naturally strengthens over time. This scarcity-driven model, he noted, helps explain Bitcoin’s massive growth over the past decade despite market volatility.

Market analysts remain divided on whether the current drop signals deeper trouble, but several experts say the downturn looks more like a macro correction than a new crypto winter. They point to rising institutional adoption and stronger industry infrastructure as signs the long-term outlook for Bitcoin remains solid.

Kraken, one of the longest-running crypto exchanges, has taken a major step toward going public, filing for a U.S. initial public offering (IPO) through its parent company, Payward, Inc.

The draft S-1 registration statement was submitted to the Securities and Exchange Commission (SEC), formally placing Kraken in the IPO pipeline.

The confidential filing follows an $800 million fundraising round completed on Tuesday, which valued Kraken at $20 billion. The round, raised over two months in two tranches, was led by major traditional finance investors, including Citadel, the hedge fund founded by Ken Griffin. 

Kraken had initially planned a $500 million IPO at a $15 billion…

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