Metaplanet Purchases 150 BTC, Now Holds 3350 BTC
Metaplanet, a prominent player in the cryptocurrency space, announced the purchase of 150 BTC valued at approximately $12.9 million. This acquisition brings its total Bitcoin holdings to 3,350 BTC, valued at around $288.13 million. Metaplanet aims to increase its holdings to 10,000 BTC by the end of the year and has set a long-term goal of reaching 21,000 BTC by 2026. If successful, this would represent ownership of 1% of all Bitcoin that will ever exist.
DWF Labs Launches $250mn Fund For Mainstream Crypto Adoption
Dubai-based crypto market maker and investor DWF Labs launched a $250 million Liquid Fund to accelerate the growth of mid- and large-cap blockchain projects and drive real-world adoption of Web3 technologies. DWF Labs is set to sign two investment deals worth $25 million and $10 million as part of the fund. The initiative aims to grow the crypto landscape by offering strategic investments ranging from $10 million to $50 million for projects that have the potential to drive real-world adoption.
Fidelity Files For Ethereum-Based US Treasury Fund ‘Onchain’
Fidelity Investments has filed to register a tokenized version of its US dollar money market fund on Ethereum — joining the likes of BlackRock and Franklin Templeton in the blockchain tokenization space. Fidelity’s March 21 filing with the US securities regulator said “OnChain” would help track transactions of the Fidelity Treasury Digital Fund (FYHXX) — an $80 million fund consisting almost entirely of US Treasury bills. While OnChain is pending regulatory approval, it is expected to take effect on May 30, Fidelity said.
Fidelity Launches Solana Fund, Expanding Crypto Offerings
Fidelity has officially registered the “Fidelity Solana Fund” in Delaware, marking another step in its expanding crypto investment strategy. This fund offers institutional investors direct exposure to Solana (SOL), a blockchain known for its speed and scalability. Following its Bitcoin and Ethereum products, Fidelity’s move signals growing confidence in alternative crypto assets. As major financial firms continue embracing blockchain technology, Solana’s inclusion in Fidelity’s portfolio further strengthens institutional adoption of digital assets.
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