By Kapil Rajyaguru
Japan’s Metaplanet to Issue 4.5bn Yen in Bonds for Bitcoin Expansion.
Japan’s Metaplanet is increasing its digital footprint within the cryptocurrency industry as the market continues to attract significant attention from corporate institutions. On Tuesday, the Tokyo-listed publicly traded firm announced it will issue approximately 4.5 billion Yen in bonds to EVO FUND to accelerate its Bitcoin expansion plans. During a Board of Directors meeting on December 17, 2024, the financial services company made this disclosure.
The company has been steadily accumulating the leading crypto asset and currently holds the title of the largest corporate Bitcoin holder in Asia. Following its last purchase on November 19, its total BTC holdings sit above 1,150 Bitcoin.
Kraken And BitGo Will Help Distribute The First FTX Payments In 2025.
Debtors representing the defunct cryptocurrency exchange FTX in its bankruptcy case have announced that a reorganization plan, which will enable customer repayments, will take effect on Jan. 3. In a Dec. 16 notice, FTX said it had set up a timeline for the initial distribution of funds to the exchange’s users, more than two years after the firm filed for Chapter 11 bankruptcy protection.
According to the FTX debtors, the first group of claim holders can expect repayments within 60 days of Jan. 3, 2025, subject to certain conditions. The debtors said that crypto firms BitGo and Kraken would assist in distributing recoveries to FTX users. The exchange stated that it will announce other groups of customers expecting repayments in due course.
Softbank Announces $100bn Investment In US AI Infrastructure.
Masayoshi Son, the CEO of Japanese investment holdings firm Softbank Group, announced on Dec. 16 that his firm would invest at least $100 billion in the United States to build artificial intelligence infrastructure.
President-elect Donald Trump made the announcement at his Mar-a-Lago resort in Palm Beach, Florida. According to Trump, this partnership will create 100,000 jobs focused on AI—though details remain scarce as of the time of this article’s publication.
As of late 2024, Softbank has approximately $175 billion in assets and equivalents, but it’s unclear how much of that is available for immediate investment. According to Trump and Son, Softbank Group will pay the full $100 billion by the end of 2028.
Mt. Gox Transfers $172mn Bitcoin To New Wallets As BTC Hovers Near $107K.
Mt. Gox, a long-bankrupt crypto exchange, transferred about $172.5 million worth of Bitcoin to an unknown wallet less than 24 hours after the cryptocurrency hit a new high of almost $108,000.
Arkham Intelligence shows the exchange moved 1,619.6 Bitcoin to two untagged addresses on Dec. 17, split between a 1427.9 BTC and a 191.7 BTC transfer.
It’s unclear why Mt. Gox moved the funds. Early 2014 saw the exchange’s bankruptcy, and creditor payouts have followed previous movements of its Bitcoin holdings.
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