Home Metaplanet Shares Jump 15% After Buying 107 Bitcoin

Metaplanet Shares Jump 15% After Buying 107 Bitcoin

Share
Share

By Kapil Rajyaguru

Metaplanet Shares Jump 15% After Buying 107 Bitcoin.

Metaplanet shares rose 15.7% on Oct. 15 after the Japanese investment company revealed its latest acquisition of 107 Bitcoin worth $6.7 million.

In an Oct. 15 statement, Metaplanet stated its new acquisition brought its total to 855.5 Bitcoin, valued over $56.1 million.

The business paid about $6.7 million, or 1 billion yen, to acquire 106.976 BTC at $62,520 per coin, 5.8% below Bitcoin’s market price of $66,200 at Metaplanet’s announcement.

Its share price has up 480% after announcing its Bitcoin investing plan in early April.

US Spot Bitcoin ETFs See $556 mn Inflows In Biggest Day Since June.

Over half a billion dollars flowed into US Bitcoin ETFs in one day, their highest influx in four months.

According to Farside Investors, the 11 ETFs saw $555.9 million in net inflows on Oct. 14, their greatest daily inflow since early June. Late trading saw Bitcoin reach $66,500, a two-week high.

The Fidelity Wise Bitcoin Origin Fund (FBTC) led with $239.3 million, its highest since June 4.

Australia’s First ETF Directly Holding Ether Goes Live.

Monochrome Asset Management created Australia’s first Ether-direct ETF with $176,600 in assets.

Cboe Australia said that the Monochrome Ethereum ETF (IETH) became live on Oct. 15 with total net assets of $176,600 (262,500 Australian dollars) at 2:00 pm local time.

The only Australian dual-access spot Ether ETF, it has a 0.50% management fee and allows cash or Ether in-kind applications and redemptions.

BitGo and Gemini are the ETF’s crypto custodians, while State Street Australia administers it.

Hyperliquid Prepares For HYPE Token Launch, EVM Rollout On Mainnet.

The Hyper Foundation promotes Hyperliquid blockchain progress. It is planning the genesis distribution of its native coin HYPE.

Proof-of-stake consensus and an Ethereum virtual machine (EVM) on the layer-1 blockchain’s mainnet begin with the new coin.

Our flagship product, Hyperliquid, is the world’s biggest decentralized order book-based perpetual trading platform with over $1 billion in daily trading in 145 pairs. More than 200,000 people utilize it.

Users will have access to more liquidity and instruments with the HyperEVM.

Share

Latest News

Dubai Police, US & China Avert $562M In Crypto Scam Losses, Unravel "Pig Butchering" Network
News

Dubai Police, US & China Avert $562M In Crypto Scam Losses, Unravel “Pig Butchering” Network

A massive, coordinated international law enforcement operation has struck a blow to the booming cryptocurrency scam industry. Authorities have arrested 276 people...

OKX Rolls Out Agent Payments Protocol For Full AI-driven Transactions
News

OKX Rolls Out Agent Payments Protocol For Full AI-driven Transactions

OKX has introduced an open standard for agent-led transactions, rolling out its Agent Payments Protocol (APP) to support full-cycle business activity handled...

Wall Street To Launch The First Ever Prediction Market ETFs For U.S. Elections
News

Wall Street To Launch The First Ever Prediction Market ETFs For U.S. Elections

Roundhill Investments is set to launch the first U.S. exchange-traded funds (ETFs) tied to prediction markets next week, with two other asset...

MoonPay Acquires Israeli Crypto Security Firm Sodot In $100M Stock Deal
News

MoonPay Acquires Israeli Crypto Security Firm Sodot In $100M Stock Deal

Crypto payments firm MoonPay has acquired Sodot, an Israeli crypto security startup, as part of its plan to launch MoonPay Institutional, a...

Latest Blogs

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes on to completely alter the intrinsic landscape of our industries...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s quickly changing financial scene. It is now a structural component...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by expanding urbanization and increased investments. As it is, the global...

Related Articles

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by...