Metaplanet Buys 1,111 Bitcoin For $117mn, Pushes Total Holdings To Over 11K BTC.
Metaplanet, the Tokyo-listed hotel firm known for its bitcoin acquisition strategy, has acquired 1,111 bitcoin for $117 million.
The firm bought bitcoin at an average price of about $105681 per BTC. The crypto markets fell during the weekend after the U.S. bombed several nuclear sites in Iran, pushing bitcoin to lows of $98,000.
The latest acquisition pushes Metaplanet’s total BTC stash to 11,111 bitcoin, worth over $1.1 billion, with an average buying price of $95,700.
Tether Mints 2bn USDT On Tron As Bitcoin Reclaims $100K.
Tether has issued another 2 billion USDT on the Tron blockchain, only a few days after it issued 1 billion USDT. The action is in response to Bitcoin gaining back the $100K after a minor slump due to geopolitical tensions.
According to blockchain tracker Whale Alert, the 2 billion USDT was minted in two separate 1 billion transactions.
Although the newly issued USDT will not be circulating at once, traders will interpret it as a signal of possible future market action. Historically, such mints have been followed by significant Bitcoin rallies, usually associated with greater fiat inflow and big buys on exchanges such as Bitfinex.
OKX Considers US IPO, Boosting OKB Token 5% Despite Market Slump.
According to recent reports, OKX, a leading global cryptocurrency exchange, is exploring the possibility of an initial public offering (IPO) in the United States.
This development has sparked an uptick in the exchange’s native token, OKB. It rose 5.39%, bucking the broader market downtrend.
The IPO follows the company’s re-entry into the US market in April 2025. BeInCrypto reported that the exchange reached a $504 million settlement with the US Department of Justice (DoJ) in February. In mid-April, OKX re-launched its centralized exchange and wallet services in the country.
FTX Rejects Three Arrows Capital’s $1.5bn Claim, Citing ‘Failed Trading Strategy’.
Lawyers acting for the collapsed crypto exchange FTX have rebuked a $1.53 billion recovery claim from Three Arrows Capital’s liquidators, arguing the losses result from a risky trading strategy that should not be paid for by creditors.
Three Arrows Capital’s liquidators initially filed a $120 million claim in FTX’s bankruptcy case in June 2023 and expanded it to $1.53 billion in November 2024, alleging claims including breach of contract, fiduciary duty and unjust enrichment.
The liquidators alleged FTX held $1.53 billion in the hedge fund’s assets that were liquidated to settle liabilities in 2022, contributing to Three Arrows Capital’s collapse, arguing the transactions were avoidable and FTX debtors had delayed providing the information that would have uncovered the liquidation.
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