Metaplanet Buys The Dip With Biggest-Ever 620 Bitcoin Buy
By Kapil Rajyaguru
Metaplanet Buys The Dip With Biggest-Ever 620 Bitcoin Buy.
Japanese investment firm Metaplanet made its largest-ever Bitcoin purchase, scooping up almost 620 Bitcoin as the cryptocurrency trades below $100,000.
On Dec. 23, Metaplanet announced that it had bought 619.7 Bitcoin worth just under $60 million, with Bitcoin trading at around $96,000. It was the largest single purchase the firm has made since it started buying Bitcoin in May and nearly quadrupled the value of its previous record buy of 159.7 BTC on Oct. 28, according to Bitbo data.
Dubbed “Asia’s MicroStrategy” after the American Bitcoin-buying firm, Metaplanet’s recent purchase increases its total Bitcoin holdings to 1,762 BTC, valued at approximately $168 million, with an average purchase price of approximately $75,600 per BTC. The latest buy makes its Bitcoin stack the 12th largest among public companies, behind medical tech maker Semler Scientific.
Relai Boosts Bitcoin Holdings, Bought $1.2mn Worth of BTC.
Swiss Bitcoin platform Relai has announced a significant increase in its Bitcoin holdings. Posting on X, the company revealed that it recently acquired 13 BTC for $94,040.29, bringing its total Bitcoin stash to 30 BTC.
In a surprising twist, Relai also tagged Microsoft Corporation in their post, seemingly encouraging the tech giant to embrace Bitcoin. While Microsoft has not responded, Relai’s move showcases growing confidence in Bitcoin as a long-term asset.
Ethereum NFT Collections Drive Weekly Volume To $304mn.
Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million.
On Dec. 21, data tracker CryptoSlam reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This represents 66% of all NFT sales volume over the past seven days.
By comparison, Bitcoin-based NFTs recorded $40 million in sales, while Solana-based collections had $29 million. Mythos Chain, Immutable, Polygon, and BNB Chain collectively had a weekly volume of $25.9 million.
The weekly record also surpasses the $296 million NFT sales record for September, when digital collections had their lowest monthly sales volume since 2021.
Losses From Crypto Hacks Jump to $2.2bn In 2024, Report Says.
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed. The hacking amount exceeded $1 billion for the fourth straight year, and the number of incidents rose to 303 from 282 in 2023, it said. Hackers had stolen $1.8 billion in 2023.
Among the most notable hacks are the theft of more than $305 million from Japan’s crypto exchange DMM Bitcoin in May and the loss of $235 million from India’s WazirX in July. Crypto hacking linked to North Korea more than doubled from a year ago to a record high of $1.3 billion in 2024, Chainalysis said.
Cryptocurrency allows North Korea to circumvent international sanctions, the United Nations has said. The country routinely denies involvement in cyber hacking or crypto heists.
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