By Kapil Rajyaguru
Japan’s Metaplanet Adds 135 Bitcoin, Total Holdings Reach 2,235 BTC.
Metaplanet has added 135 Bitcoin to its treasury, strengthening its position as one of Japan’s most active corporate Bitcoin investors. On Feb. 25, the company announced the $12.8 million purchase, bringing its total Bitcoin holdings to 2,235 BTC at an average price of $82,000 per Bitcoin.
The company’s BTC Yield, which measures the amount of Bitcoin held per share, grew by 309.8% in Q4 2024. It has, however, slowed down to 23.2% in early 2025 as Metaplanet increased the number of its shares.
Dubai Officially Approves Use of Stablecoins USDC And EURC.
Circle has announced that its stablecoins USDC and EURC are fully recognized by the Dubai Financial Services Authority (DFSA). The DIFC’s crypto token regime now regulates these two stablecoins as the first ones.
The approval, announced today, means that USDC and EURC can be used more widely by over 6,000 firms in the DIFC financial institutions and fintech companies for digital asset services, payments, and treasury management.
Ohio Introduces Bill Preventing State Taxes On Crypto Payments.
Lawmakers in the US state of Ohio have introduced a bill that prohibits the state legislature from imposing taxes on digital assets when used as a payment method.
The bill aims to amend existing legislation preventing municipalities from imposing extra taxes or fees on crypto assets beyond those applied to traditional fiat transactions.
The bill clarifies that taxes usually applied to legal tender, such as state or sales taxes, would still apply to crypto transactions, but there should be no new levies.
The bill also lets its residents retain the right to self-custody their digital assets using hardware or self-hosted wallets and partake in crypto staking.
SEC Acknowledges Filing For Grayscale’s Spot Cardano ETF.
The US Securities and Exchange Commission has acknowledged NYSE Arca’s proposal on behalf of crypto asset manager Grayscale to list and trade a spot Cardano exchange-traded fund (ETF).
Although it’s only the first step toward approval, the SEC’s Feb. 24 acknowledgment of the Grayscale Cardano Trust means the “clock” will soon start for the agency to eventually approve or reject the proposed ETF.
It comes amid a flood of crypto ETF acknowledgments from the new SEC leadership, including Cboe’s XRP ETF, Grayscale’s spot XRP and Dogecoin ETF, and Nasdaq’s filing to position and exercise limits on options tied to BlackRock’s iShares Bitcoin Trust (IBIT).
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