After a 9.8% drop in Bitcoin’s value over the past week, investors are showing signs of caution, worried about the potential for further declines. Despite this, Japan-based Metaplanet has reaffirmed its confidence by buying nearly 620 BTC. Interestingly, the latest acquisition marks its largest Bitcoin purchase to date. Metaplanet’s Largest Single BTC Acquisition According to the company’s official press release , the acquisition, executed as part of its Bitcoin Treasury Operations, involved the purchase of 619.7 BTC, worth around $60.6 million. This latest transaction brings Metaplanet’s total Bitcoin holdings to 1,761.98 BTC, which is valued at almost $168 million. Over the past six months, Metaplanet has leveraged multiple capital market activities, including stock rights issuances and zero-coupon bonds, to fund its Bitcoin purchases. Most recently, the company raised ¥5 billion, valued at $31.9 million, through its 5th Series of Ordinary Bonds on December 20, 2024. Prior to that, the Tokyo-based investment firm also announced a separate ¥4.5 billion, valued at $28.7 million, bond issuance that is set to mature on June 16, 2025. The firm reported a staggering BTC Yield increase of nearly 310% between October 1 and December 23, 2024, demonstrating the significant growth in Bitcoin holdings relative to its fully diluted shares outstanding. Metaplanet appears to have firmly positioned itself as a key player in a corporate Bitcoin investment even as the broader market sentiment remains bearish. Boost From Bitcoin Metaplanet, often referred to as “Asia’s MicroStrategy,” began accumulating BTC in May, mirroring the strategy of the US-based Bitcoin-focused firm. The company recently revealed that it expects its first operating profit in seven years, thanks to its decision in April to use Bitcoin as a treasury asset. For fiscal year 2024, it forecasts a revenue increase to ¥890 million, worth around $5.8 million, from ¥261 million, and predicts an operating profit of ¥270 million. This marked a significant turnaround after years of losses. A key driver has been its innovative use of Bitcoin put options, which brought in ¥520 million. The firm also benefited from a strong performance at its Royal Oak Hotel in Tokyo. The post Metaplanet Makes Largest BTC Purchase to Date Despite Bitcoin Price Correction appeared first on CryptoPotato .
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Why FXGuys Is the Token to Watch for $100 to $10,000 Returns Over Bonk and Filecoin
The crypto market is filled with opportunities, but finding a token that can turn $100 into $10,000 isn’t easy. FXGuys ($FXG) is quickly gaining attention as one of the most promising tokens for such returns. Unlike speculative projects like Bonk or storage-based solutions like Filecoin, FXGuys brings real utility to the table. Its focus on trading rewards, staking, and its Trader Funding Program makes it stand out. Let’s dive into what makes FXGuys the token to watch. What Sets FXGuys Apart? FXGuys is more than just a crypto token. It’s part of a larger ecosystem designed for traders and investors. Built as a top PropFi project , it merges traditional finance tools with decentralized finance innovation. Key Features Trade2Earn Model : Every trade earns users $FXG tokens , whether they make a profit or not. This encourages activity and drives token utility. Trader Funding Program : FXGuys gives traders access to up to $500,000 in trading capital , allowing them to profit without risking their own money. Staking Rewards : Users can stake $FXG tokens and earn passive income, creating steady demand for the token. These features show that FXGuys is focused on long-term growth and real-world value, unlike the speculative nature of Bonk or the niche use case of Filecoin. >>>JOIN FXGUYS HERE Why FXGuys Beats Bonk Bonk gained popularity as a meme token, but its value relies on hype and speculation. It lacks meaningful utility, which limits its long-term potential. In contrast, FXGuys has a solid foundation. The Trade2Earn model ensures that $FXG remains valuable because it’s tied to actual activity on the platform. Traders earn rewards while adding liquidity and utility to the ecosystem. Bonk might offer short-term spikes, but FXGuys provides sustainable growth, making it a better choice for investors looking to turn $100 into $10,000. Why Filecoin Can’t Compete Filecoin offers decentralized storage solutions, making it a useful project within its niche. However, its growth depends on enterprise adoption, which can be slow and unpredictable. FXGuys , on the other hand, appeals directly to crypto traders—a highly active and growing market. The Trader Funding Program attracts professional and retail traders, ensuring consistent demand for $FXG tokens. Filecoin’s utility is limited to storage, while FXGuys powers trading, staking, and rewards, making it more versatile. How FXGuys Delivers $100 to $10,000 Returns FXGuys combines multiple revenue streams and growth drivers to achieve explosive potential. 1. High Utility The Trade2Earn model ensures that $FXG tokens are in constant demand. As trading activity increases, the token’s value grows. 2. Staking Opportunities Staking $FXG tokens not only generates passive income but also reduces circulating supply, creating scarcity that drives up prices. 3. Trader Funding Program The funding program brings more traders to the platform, increasing liquidity and overall ecosystem activity. This consistent growth boosts the token’s long-term value. 4. Community and Adoption FXGuys is attracting both professional and retail traders, creating a diverse and active user base. The more users join the platform, the greater the demand for $FXG tokens. >>>JOIN FXGUYS HERE The Road Ahead for FXGuys FXGuys isn’t just about speculation; it’s about creating real value for users. By offering tools like the Trader Funding Program and staking rewards , it has built an ecosystem that rewards participation. Bonk’s reliance on hype and Filecoin’s niche focus can’t compete with FXGuys’ broader appeal. Investors seeking massive returns should consider FXGuys for its utility, scalability, and market-driven growth. Conclusion FXGuys is a token built for the future. It combines real-world utility, trading rewards, and staking to create an ecosystem that grows with its users. Bonk may capture attention in the short term, and Filecoin serves its niche, but FXGuys offers the best chance to turn $100 into $10,000 . For investors looking to capitalize on a high potential altcoin , FXGuys is the token to watch. Its innovation and long-term focus make it a standout choice in the ever-evolving crypto market. To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Crypto Potato
Ethereum Price Attempts a Comeback: Is a Rebound Imminent?
Ethereum price extended losses and dropped below the $3,450 zone. ETH is now recovering some losses and might rise if it clears the $3,445 resistance. Ethereum started a fresh decline below the $3,500 zone. The price is trading below $3,450 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $3,450 and $3,500 resistance levels. Ethereum Price Stays Above $3,200 Ethereum price struggled to start a fresh increase above the $3,500 level and extended losses like Bitcoin . ETH gained bearish momentum below the $3,400 level and traded below $3,320. The price is now consolidating above the $3,220 and $3,200 support levels. A low was formed at $3,220 and the price is now consolidating losses. There was a break above the $3,250 level. The price cleared the 50% Fib retracement level of the downward move from the $3,553 swing high to the $3,220 low. There was a break above a connecting bearish trend line with resistance at $3,300 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,450 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $3,445 level. It is close to the 61.8% Fib retracement level of the downward move from the $3,553 swing high to the $3,220 low. The first major resistance is near the $3,480 level. The main resistance is now forming near $3,550. A clear move above the $3,550 resistance might send the price toward the $3,650 resistance. An upside break above the $3,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,720 resistance zone or even $3,800. Another Decline In ETH? If Ethereum fails to clear the $3,445 resistance, it could continue to move down. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,220 zone. A clear move below the $3,200 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,220 Major Resistance Level – $3,445 Crypto Potato