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Metaplanet has successfully amassed 2,100 bitcoin now holding a significant 0.01% of the total BTC that will ever be mined. With a cap of 21 million BTC this accumulation marks a milestone for the company. They recently purchased 68.59 BTC for $6.6 million with each coin costing about $96,335 highlighting their strong investment in the cryptocurrency’s future.
The company has also raised $20 million in equity capital during the first two trading days of its ambitious “21 million plan”. This financial boost coincides with their announcement on February 18 about a forthcoming 10-1 stock split scheduled for April 1. The split aims to make shares more accessible post their previous 1-for-10 reverse split conducted just eight months earlier.
Shares of Metaplanet are currently experiencing a rise trading over 1% higher in the market at 6260 JPY. This uptrend in share value reflects investor confidence and positions Metaplanet favorably in the financial and crypto markets.
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The Blockchain Association has spoken again. Or, well, they’ve written another letter.
From the advocacy group that last month brought you a “consensus position” on market structure policy comes a warning to lawmakers on Capitol Hill.
The choices they have: act, or possibly “cripple DeFi innovation in this country altogether.”
If you don’t remember, there was a proposed rule — finalized under the Biden administration — that would expand the “broker” definition to include software that allows users to access DeFi protocols.
The Blockchain Association says…
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A bitcoin financial services company is now listed on the Nasdaq — joining a limited list of public players in the segment.
Called Fold, the company revealed a combination with FTAC Emerald Acquisition Corp. last July in an effort to go public.
Then, in December, Fold closed a $20 million convertible note financing from ATW Partners. That was secured in part by the company’s bitcoin holdings (totaling roughly 1,000 BTC) as collateral and was set to mature three years after Fold became a public company.
That brings us to today, when Fold shares were set to start trading on…
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The final quarter of 2024 marked a significant surge in institutional investments into U.S. Bitcoin ETFs with 1576 professional firms now holding positions. This represents a substantial increase with 429 more entities getting on board compared to the previous quarter. These firms now manage a total of $26.8 billion in assets under management reflecting a 113% increase from Q3.
Spot Bitcoin ETFs attracted a larger slice of institutional money with ownership percentages climbing to 25.4%. This is a marked rise from the 21.3% recorded in the third quarter. The increase is primarily driven by aggressive acquisitions by institutions particularly in IBIT ETFs.
The trend highlights growing confidence among professional investors regarding the stability and potential of cryptocurrency investments. This shift could herald a broader acceptance of cryptocurrencies in traditional investment portfolios moving forward.
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I wrote yesterday about how the market has generally remained pretty resilient despite recent bouts of volatility.
Tariff concerns, geopolitical tensions, earnings season and inflation have all weighed on US equities at different points throughout 2025, but one tailwind has remained constant: economic growth is — at least for now — solid enough.
Some economic data points are looking really strong. Manufacturing is on the rise with the most recent ISM manufacturing PMI and the Empire State Manufacturing Survey both coming in better than expected.
January’s ISM services…
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Brazil’s Securities and Exchange Commission has granted approval to Hashdex for the launch of the world’s first XRP-focused exchange-traded fund. The Hashdex NASDAQ XRP Index Fund set to debut on Brazil’s primary stock exchange B3 marks a significant milestone in cryptocurrency investment on a global scale. Details regarding the fund’s trading specifics will follow soon from Hashdex.
Established on December 10 2024 the fund will be administered by major financial entity Genial Investimentos. Silvio Pegado managing director of Ripple in Latin America praised XRP’s selection for the ETF highlighting its practical utility strong market demand and significant market cap which currently ranks third globally at $152 billion according to CoinGecko.
This groundbreaking approval underscores Brazil’s forward-thinking stance in crypto regulation and innovation. With its history of pioneering crypto ETFs Hashdex continues to lead the sector promising further advancements. The introduction of the XRP ETF is poised to catalyze future financial innovations within the Brazilian market and beyond.