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Metaplanet has bought an additional 162 BTC worth $13.5 million. This latest acquisition brings its total Bitcoin holdings to 3,050 BTC. Details of The Purchase CEO Simon Gerovich announced in a Wednesday post on X that the Japanese investment firm spent approximately $13.5 million on the latest buy, paying an average price of $83,123 per coin. At current market rates, Metaplanet’s total Bitcoin holdings are valued at approximately $249.4 million, while the total acquisition cost stands at around $253.7 million. Since launching its Bitcoin acquisition strategy in April 2024, the firm has consistently expanded its holdings. Just a week ago, it purchased 497 BTC for $43.9 million. Other recent buys include 156 BTC for $13.4 million on March 3, 68 BTC for $6.6 million on February 20, and 269 BTC for $26 million on February 17. So far in 2025, Metaplanet has purchased nearly 1,300 BTC. In January, Gerovich announced that the company aims to accumulate 10,000 coins by the end of this year and reach 21,000 by the end of 2026. The firm tracks the effectiveness of its accumulation strategy using Bitcoin Yield (BTC Yield), a key performance indicator that has seen notable fluctuations in recent quarters. Between July and September 2024, Metaplanet posted a 41.7% BTC Yield, which surged to 309.8% in the fourth quarter. So far in 2025, the metric stands at 53.2%. Metaplanet Stock Price Surges Following the latest Bitcoin buy, Metaplanet’s stock price has risen by 8.68% to JPY 3,630, according to Google Finance data . The company has been growing its reserves through its Bitcoin Treasury Operations, which officially became a business line on December 18, 2024. As part of this initiative, Metaplanet’s board of Directors has approved the issuance of its 8th series of ordinary bonds to EVO FUND. The bond issuance, valued at JPY 2 billion (approximately $18.2 million), was announced earlier today and is expected to directly fund further Bitcoin purchases. This development comes just two days after Strategy (formerly MicroStrategy) revealed its plans to raise $21 billion for Bitcoin acquisitions. According to a company notice , this new funding initiative aligns with its January 28 announcement regarding stock acquisition rights, which outlined its plans to issue and sell shares of its 8.00% Series A perpetual strike preferred stock. The post Metaplanet Expands Bitcoin Stash to 3,050 BTC After Buying 162 More appeared first on CryptoPotato .
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SEC Postpones Decision on Fidelity Spot Ethereum ETF Options ????Coin: Ethereum ( $ETH ) $1,872.90
SEC Postpones Decision on Fidelity Spot Ethereum ETF Options ????Coin: Ethereum ( $ETH ) $1,872.90 Crypto Potato
Layer-1 Altcoin Explodes 81% As Binance Announces Surprise Trading Support
One layer-1 altcoin is surging after a surprise listing by Binance, the world’s largest crypto exchange by trading volume. In a new announcement, Binance says that it is launching futures contracts with up to 75x leverage for Viction ( VIC ), formerly known as TomoChain. As the listing announcement went out, VIC exploded and is currently up 81% in the last 24 hours, trading for $0.36 at time of writing. With a market cap of $42.3 million, VIC is the 694th largest crypto project. Viction aims to create a network of apps on its blockchain by offering zero-gas transactions, enhanced security and improved scalability. The network says it employs 150 masternodes utilizing a Proof-of-Stake (PoS) consensus. “Viction is a people-centric blockchain, offering zero-gas transactions and enhanced security to make Web3 easy and safe for everyone. Now with Viction World Wide Chain, we provide a novel solution representing a network of app chains that operate concurrently, anchored by a common settlement on Viction. Build, own, win, and be part of Viction World Wide Chain where everyone scales beyond limits.” Last year, the project said it surpassed 4,000,000 on-chain addresses and onboarded 150 projects. In November 2023, TomoChain was rebranded as Viction, a combination of “Vision” and “Victory.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Layer-1 Altcoin Explodes 81% As Binance Announces Surprise Trading Support appeared first on The Daily Hodl . Crypto Potato
