By Kapil Rajyaguru
MicroStrategy, Metaplanet Want Billions More In Bitcoin As BTC Nears $100K.
Two of the biggest corporate bitcoin (BTC) holders plan to continue adding more BTC to their already sizeable coffers. Per tweets over the weekend, Bitcoin development firm MicroStrategy (MSTR) plans to raise up to $2 billion through preferred stock offerings to fuel more bitcoin purchases in the first quarter of 2025.
Elsewhere in Japan, investment firm Metaplanet said it aimed to purchase 10,000 bitcoins in the year, worth nearly a billion dollars at current prices, alongside several activities to ramp up general bitcoin usage.
The firm—colloquially called Japan’s MicroStrategy for being the only corporate bitcoin holder in Asia—sits on $175 million worth of BTC as of Monday and has a stock market capitalization of $830 million.
As of Monday, MicroStrategy held $44 billion worth of bitcoin. According to a release, the $2 billion capital raise is part of its previously announced “21/21 Plan,” which aims to raise $21 billion in equity and $21 billion in fixed-income instruments over the next three years.
MARA Holdings Lends Out 7,377 BTC to Generate Single Digit Yield.
MARA Holdings (MARA), the largest bitcoin (BTC) miner by market capitalization, said it is lending 7,377 BTC to third parties to generate a return on its holdings and cover some operating costs.
MARA did not identify the borrowers or provide any other details about the program, which ties up about 16% of its bitcoin, in a production report it released on Friday.
The Bitcoin miner also acquired 22,065 Bitcoin, at an average price of $87,205 per coin, in 2024 and mined an additional 9,457 BTC—bringing the company’s total Bitcoin holdings to 44,893 BTC.
CoinDCX Users Slam Exchange Over Withdrawal Restrictions and Delayed Support.
Indian cryptocurrency exchange CoinDCX is facing criticism on social media due to restrictions on crypto withdrawals. Many users have reported issues such as failed INR withdrawals and delays in resolving their support tickets, with some claiming their withdrawal requests have been pending for weeks. This has led to growing frustration among users.
CoinDCX co-founder Sumit Gupta addressed the ongoing withdrawal issues, explaining that relaxing withdrawal restrictions could pose a risk to the exchange, as authorities might freeze bank accounts. Gupta clarified that CoinDCX currently operates crypto withdrawals on an opt-in basis, implementing the process in stages.
However, he did not provide a specific timeline for when these withdrawals would be fully available to all users.
KULR Technology Adds $21mn To Bitcoin Treasury, Brings Holdings To 430 BTC.
KULR Technology Group, Inc., a thermal energy management company, increased its Bitcoin holdings with the purchase of 213.4 BTC worth $21 million. The company’s strategic efforts to shift 90% of its cash into Bitcoin as part of its newly adopted treasury strategy align with the Coinbase Prime purchase.
As reported by blockchain analytics firm Arkham Intelligence on Jan. 6, the latest transaction brings KULR’s BTC holdings to 430.6 BTC, valued at approximately $42 million, with an average purchase price of $97,537 per BTC.
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