Bitcoin Hovers Around $109K, Ether Stays Above $2500
Metaplanet Picks Up Additional 2,205 BTC, Holdings Now Cross 15,555 Bitcoin.
Japan-based Metaplanet has acquired an additional 2,205 bitcoin as part of its ongoing Bitcoin Treasury strategy, bringing its total holdings to 15,555 BTC per a new disclosure on Monday.
The latest purchase was made at an average price of 15.64 million yen per bitcoin, totaling approximately $213 million. That pushes Metaplanet’s aggregate BTC investment to $1.38 billion, with a blended average purchase price of 14.52 million yen per BTC.
Metaplanet utilizes a custom metric, called BTC Yield, to track shareholder value in relation to dilution.
TON Coin Erases Some Gains After UAE Authorities Deny Golden Visa Claim.
The native cryptocurrency of The Open Network has retraced 6% from its 24-hour high after United Arab Emirates regulators refuted claims that staking Toncoin could create a pathway to UAE residency.
Toncoin initially shot up 10% to $3.03 on Sunday after The Open Network claimed that applicants staking $100,000 worth of Toncoin for three years make applicants eligible for the UAE’s golden visa program.
However, the cryptocurrency partially retraced after the Emirates News Agency shared a joint statement from several regulators denying that claim.
The Blockchain Group Boosts Bitcoin Holdings to 1,904 BTC After Fresh Funding.
The Blockchain Group, Europe’s first Bitcoin treasury company, has raised about €1 million through a capital increase to buy 11 Bitcoins. It also raised €10 million by issuing convertible bonds, helping it buy 105 Bitcoins.
Key investors included TOBAM and Adam Back. In total, the company now holds 1,904 Bitcoins, worth about €172 million. Since January, it has earned strong Bitcoin profits and continues to focus on growing its Bitcoin holdings while developing its other business activities.
The company has managed to secure year-to-day BTC Yield of 1,348.8%.
Elon Musk Says America Party Will Embrace BTC As ‘Fiat Is Hopeless’.
Elon Musk’s ‘America Party’, a pro-tech centrist party the Tesla and SpaceX founder plans to form after his split from President Donald Trump, would embrace bitcoin, Musk said on X. Replying to a post on X, he said, ‘Fiat Is Hopeless’.
Musk has been a long supporter of cryptocurrencies, with SpaceX and Tesla both holding BTC in their corporate treasuries.
The America Party formed out of a rift between Musk and President Trump over the ‘Big Beautiful Bill’ which Musk has criticized as being fiscally irresponsible, calling it the “debt slavery bill”.
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