Bitcoin Trades Below $122K, Ether Stays Above $3000
Japan’s Metaplanet Buys 797 Bitcoin As BTC Breaks Past $120K.
Metaplanet, the largest corporate bitcoin holder outside North America, has purchased an additional 797 BTC, worth around $96 million. The latest buy brings the firm’s total holdings to 16,352 BTC, worth nearly $2 billion.
Simon Gerovich, CEO of the Tokyo-listed hotelier, recently told the FT that the firm aims to leverage these holdings as collateral to finance acquisitions of cash‑generating businesses, particularly in digital financial services.
The CEO recently said that the firm aims to use its gigantic bitcoin holdings for acquisitions.
SharpLink Gaming Buys Another 16,374 ETH Worth $49mn.
Nasdaq-listed SharpLink Gaming has continued its aggressive Ethereum accumulation, buying another 16,374 ETH, worth around $48.85 million on Sunday, according to Arkham Intelligence.
While SharpLink hasn’t officially confirmed the buy, blockchain tracker EmberCN says this latest move pushes the company’s total ETH holdings to approximately 270,000 ETH. Just last Friday, SharpLink had acquired 21,487 ETH worth $63.7 million, sending its stock price up by over 17%, closing at $21.65.
SharpLink’s Ethereum strategy began in late May following a $425 million private placement led by Consensys.
Nayib Bukele Reveals $426mn Bitcoin Profits For El Salvador.
El Salvador’s President, Nayib Bukele, has just given an update on the nation’s Bitcoin investment, and it’s impressive. The South American country has made almost 1.5X on their Bitcoin strategy, despite warnings from global organizations such as the International Monetary Fund.
According to his post, the government’s Bitcoin portfolio is now worth $723.8 million, generating a profit of $426.5 million, which is a 143.5% gain. The country invested a total of $297,248,040 in Bitcoin. Out of the current balance, 93.52%, or roughly $349.8 million, is tied to a specific part of their holdings.
India Probes Binance Over Crypto Transfers From Pakistan.
Amid growing security concerns, India’s Financial Intelligence Unit is intensifying its investigation into Binance and several cryptocurrency exchanges over allegations of digital assets being funneled through private wallets from Pakistan for illegal and terror-linked activities.
Officials stated that Binance is the most commonly used platform for these transactions and noted increased volumes near sensitive border zones.
FIU-IND, in collaboration with enforcement agencies, is collecting data to trace these fund flows and identify suspicious accounts. Binance, registered with the FIU since August 2024, has cooperated with investigators.
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