By Kapil Rajyaguru
By Kapil Rajyaguru Metaplanet Stock Shoots 8% on News of 162 Bitcoin Purchases
Metaplanet, also popular as Japan’s MicroStrategy, announced a fresh purchase of 162 bitcoins for an investment value of $13.5 while buying the recent BTC dips. The announcement sent the stock price 8% higher past 3,500 JPY levels on Wednesday’s trading session. Furthermore, the company issued 2 billion JPY worth of bonds at 0% rate to fund additional BTC purchases.
As of March 12, 2025, Metaplanet holds a total of 3,050 BTC, acquired at a cumulative cost of roughly $253.7 million, with an average purchase price of $83,180 per Bitcoin. Nearly 50% of its total BTC holdings have been purchased in 2025 so far only.
US SEC Acknowledges Grayscale’s Hedera ETF Filing
The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s application to list a Hedera (HBAR) ETF on the Nasdaq stock exchange. This step marks the beginning of a 21-day public comment period, after which the SEC will decide whether to approve, disapprove, or proceed with further review.
BNY Mellon Asset Servicing is expected to act as the administrator and transfer agent for the trust. Other key players involved include Coinbase Custody Trust Company, which will serve as the custodian, and CSC Delaware Trust Company as the trustee.
CBOE Files For Staking In Fidelity’s Ethereum ETF
Cboe BZX Exchange has filed a proposal with the US Securities and Exchange Commission (SEC) to amend the Fidelity Ethereum ETF. According to the filing, the move seeks to introduce ETH staking in the fund, allowing investors to reap additional rewards.
Cboe says the application for staking has statutory backing and will ultimately assist the Trust “to better track the returns associated with holding ether.”
The SEC has 45 days to respond to the proposal with enthusiasts saying that the new forward-thinking approach by the securities watchdog may result in an approval.
Senator Lummis’ New BITCOIN Act Allows US Reserve To Exceed 1mn Bitcoin
US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.
The new bill now directs the Secretary after the mandatory holding period to evaluate and retain the most valuable asset based on market capitalization while retaining the “dominant asset.”
Lummis’ reintroduced bill comes just days after US President Donald Trump signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.”
You need to login in order to Like
