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Metaplanet holds 1,762 Bitcoin and wants to increase its stash by 467% to hold 10,000 in total.
Metaplanet is aiming to expand its Bitcoin stash more than fivefold to 10,000 Bitcoin in 2025, as analysts predict a bull run this year that could see Bitcoin rise above $200,000.
The Japan-based venture capital firm was one of the most notable companies to follow MicroStrategy’s Bitcoin investment playbook in 2024 and currently holds 1,762 Bitcoin (BTC) worth $173.4 million from 19 purchases.
Metaplanet CEO Simon Gerovich said in a Jan. 5 X post that its aim this year is to increase its holdings to 10,000 BTC “by utilizing the most accretive capital market tools available to us.”
According to data from the SaylorTracker website, MicroStrategy currently holds 446,400 Bitcoin, valued at approximately $43.7 billion.
MicroStrategy co-founder Michael Saylor posted the Bitcoin (BTC) chart from the SaylorTracker website on Jan. 5 — the same chart Saylor typically posts on Sunday before purchasing Bitcoin on the following day.
"Something about SaylorTracker.com is not quite right," the tech founder wrote to followers on X, hinting at an impending Bitcoin acquisition on Monday.
Saylor posted the same chart one week ago, on Sunday, Dec. 29, and MicroStrategy purchased 2,138 BTC, at an average purchase price of $ 97,837 per coin, on Dec. 30.
Energy management platform KULR Technology is debuting its Bitcoin (BTC) treasury strategy with the acquisition of $21 million worth of the flagship crypto asset. In a new statement, the company says it bought 217.18 BTC at an average price of $96,556.53 per Bitcoin. The asset is currently trading for $95,737. KULR completed the purchase just […]
The post Tech Firm KULR Scoops Up $21,000,000 Worth of Bitcoin to Start New BTC Corporate Treasury appeared first on The Daily Hodl.
Bitwise has filed for an ETF that would invest in large market cap public companies with at least 1,000 Bitcoin on their balance sheets.
Exchange-traded fund (ETF) issuer Bitwise has filed to launch a new fund that would hold stocks of publicly traded companies that have significant Bitcoin holdings on their books.
The Bitwise Bitcoin Standard Corporations ETF would invest in companies “that have adopted the ‘Bitcoin standard’” and hold at least 1,000 Bitcoin (BTC) in their corporate treasuries, according to a Dec. 26 regulatory filing.
The Bitcoin-holding firms would also have to have a market capitalization of at least $100 million, a minimum average daily liquidity of at least $1 million, and a public free float of under 10% to be included in the ETF.
Ohio has become the third US state behind Texas and Pennsylvania to see bills introduced to establish Bitcoin reserves as part of the state’s treasury.
An Ohio House of Representatives lawmaker has introduced a bill to establish a Bitcoin fund in the state’s treasury, marking the third US state to do so in just over a month.
Ohio House Republicans leader Derek Merrin on Dec. 17 introduced HB 703, tentatively titled the Ohio Bitcoin Reserve Act, which would give the state treasurer authority to purchase Bitcoin as part of “proper asset allocation,” though it does not require it.
“The U.S. Dollar is being rapidly devalued, and our State Treasurer should have the authority and flexibility to invest in Bitcoin when determining proper asset allocation,” Merrin said in a statement. “Ohio must embrace technology and protect tax dollars from eroding.”
Big Tech has a great flow of cash on hand. Currency devaluation makes them lose purchasing power. Is Bitcoin a treasury solution to fight against inflation? Amazon is the next to decide.
Big Tech companies like Amazon have a large amount of cash on hand — $87 billion last year — which loses purchasing power as the currency evaluates.
Washington DC-based think tank The National Center for Public Policy Research (NCPPR) has submitted shareholder proposals to adopt Bitcoin (BTC) as a solution. However, whether tech giants would see major benefits from this remains unclear.
NCPPR has been pushing the strategy at Microsoft and Amazon. In both cases, the think tank believes adopting Bitcoin into their treasury will protect the cash assets and shareholders’ value from inflation.
MARA's shares closed down 4.4% on the day after announcing it had purchased nearly 11,800 Bitcoin and boosted its hashrate to an industry record.
Bitcoin mining heavyweight MARA Holdings Inc. bought another 11,774 Bitcoin for $1.1 billion on Dec. 10, while its hashrate exceeded 50 exahashes per second (EH/s) — an industry first.
MARA purchased $1.1 billion worth from its zero-coupon convertible note offering from late last month, snapping up the 11,774 Bitcoin (BTC) at an average purchase price of $96,000, it said in a Dec. 10 X post.
As of Dec. 9, MARA held 40,435 Bitcoin, worth $3.92 billion at its current price of around $97,000.