Metaplanet, the Japanese company with a special bitcoin plan, is going to be added to the MSCI Japan Index on February 28, 2025. This comes as the company continues to stockpile bitcoin with a fresh $26 million (4 billion yen) raised via zero-interest, unsecured bonds.

Metaplanet CEO Simon Gerovich on X

The MSCI Japan Index is a mid-to-large-cap index of Japanese stocks maintained by Morgan Stanley, the financial giant. Being added to this index is a huge deal, and will give Metaplanet more visibility and access to investment funds and exchange-traded funds (ETFs) that track MSCI indices.

The firm’s CEO, Simon Gerovich celebrated this event, saying:

“Our…

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Michigan has become the latest state to push for a Bitcoin reserve, joining 19 others in advancing crypto-related legislation. Lawmakers Bryan Posthumus and Ron Robinson introduced HB 4087 to establish a strategic Bitcoin reserve under the state’s Management and Budget Act. This bill would allow Michigan’s treasurer to invest in cryptocurrency using up to 10% of the general and economic stabilization funds, with no restrictions on which digital assets can be included.

Representative Posthumus urged Michigan to take a leadership role in crypto policy, following Texas’ recent efforts. The bill also includes provisions for lending cryptocurrency, aiming to generate additional returns without increasing financial risk. The state would be required to store digital assets securely through regulated custodians or exchange-traded products.

Posthumus also proposed “MichCoin,” a potential stablecoin backed by gold and silver reserves. With growing interest from multiple states, Michigan’s move signals increasing recognition of Bitcoin and cryptocurrency as viable financial assets for state reserves.

House Bill 4087

Coinbase delivered a blockbuster fourth-quarter performance, reporting $2.3 billion in revenue, exceeding analyst expectations by 23%. This marks an 88% jump from the previous quarter, fueled by a 172% surge in transaction revenue to $1.6 billion. Subscription and services revenue also saw steady growth, reaching $641 million. The crypto exchange benefited from rising digital asset prices and increasing adoption of services like staking, custody, and USDC assets.

Strong market activity and growing interest in crypto helped Coinbase more than double its total revenue to $6.6 billion for 2024, with net income hitting $2.6 billion. The company reported $3.3 billion in Adjusted EBITDA and ended the year with $9.3 billion in USD resources. The expansion of Coinbase One and institutional services contributed to its robust financials.

Strategic initiatives across Base, Coinbase One, Prime Financing, and international markets played a key role in revenue diversification. With Bitcoin and Ethereum prices climbing, Coinbase’s strong performance highlights the growing mainstream adoption of crypto and the platform’s leadership in the industry.

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