Bitcoin Trades Above $111K, Ether Hovers Around $4600
Metaplanet Boosts Bitcoin Holdings With $11.6M Buy After Saylor Signal
Japan’s Metaplanet has added another $11.6 million worth of Bitcoin, acquiring 103 BTC at an average of $113,491 each. This brings its total holdings to 18,991 BTC, valued at $1.95 billion.
The purchase followed Michael Saylor’s “Bitcoin is on Sale” post, hinting at more buys from Strategy, which recently secured 430 BTC. Metaplanet now ranks as the seventh-largest public BTC holder.
With impressive yields and a weakening yen, the firm views Bitcoin as a hedge against uncertainty while continuing to outperform traditional markets.
BitMine Adds $45M In ETH, Now $1.9B In Unrealized Gains
Tom Lee’s BitMine has strengthened its Ethereum position with a $45 million purchase, adding nearly 9,500 ETH at $4,735 each. The firm now controls 1.518 million ETH worth $7.19 billion, making it the largest ETH treasury globally.
BitMine’s earlier buys at an average of $3,492 per ETH have generated $1.9 billion in paper profits. The move reflects confidence in Ethereum’s long-term growth as network activity hits record highs. Institutional participation, led by firms like BitMine, is seen as fueling broader market momentum.
Trump-linked WLFI Token Set For Sept 1 Launch After $2.26B Raise
World Liberty Financial’s WLFI token is set to launch on Ethereum on September 1 after raising $2.26 billion. A major $1.5 billion contribution came through its crypto vehicle ALT5 Sigma, sending ALTS stock higher.
The offering price of $0.20 represents significant demand, with early tokens unlocking 20% at launch and the rest subject to community governance. The project emphasizes decentralization through tokenholder voting.
With compliance checks complete and Lockbox activation required, WLFI positions itself as a community-driven launch with investor excitement ahead of the debut.
Grayscale, Bitwise Lead Wave Of Updated Spot XRP ETF Filings
Leading asset managers including Grayscale, Bitwise, Franklin Templeton, and WisdomTree have updated filings for spot XRP ETFs. Analysts say the cluster of submissions reflects regulatory feedback from the SEC.
The amendments allow both XRP or cash creations and in-kind redemptions, improving fund flexibility. Bloomberg analyst James Seyffart called it a “good sign” for progress.
Although the SEC has yet to approve a spot XRP ETF, industry experts believe issuers’ determination may bring approval closer. Notably, BlackRock has not filed for an XRP product.
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