Japanese investment firm Metaplanet is seeking to raise 555 billion yen ($3.73 billion) through a new stock offering to support its aggressive Bitcoin accumulation strategy. The company, which is known as “Asia’s Strategy,” announced Friday that it will issue perpetual preferred shares to fund its goal of acquiring 210,000 Bitcoin (BTC) by the end of…
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Corporate cryptocurrency treasuries are emerging as a new class of public companies bridging traditional finance and digital assets, signaling rising institutional interest in crypto. Corporate cryptocurrency treasury firms including Strategy, Metaplanet and SharpLink have collectively amassed $100 billion worth of digital assets, according to a Galaxy Research report released Thursday. Bitcoin (BTC) treasury firms hold…
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Bitcoin miner Phoenix Group launched a $150 million strategic cryptocurrency reserve as the first publicly listed company in Abu Dhabi to establish a digital asset fund. Phoenix Group announced the formation of its digital asset treasury valued at $150 million, which included 514 Bitcoin (BTC) and 630,000 Solana (SOL) tokens as the miner’s “long-term reserve.”…
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Corporations and Wall Street entities are starting to recognize Ether as the next emerging treasury asset as the world’s second-largest cryptocurrency and blockchain network celebrates its 10th anniversary on Wednesday. Ethereum went live on July 30, 2015, introducing smart contract functionality and laying the foundation for the decentralized finance (DeFi) ecosystem. The network has maintained…
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Corporations are buying Ether at a faster pace than Bitcoin, signaling a shift in institutional interest toward the world’s second-largest cryptocurrency as it prepared to celebrate its 10th anniversary, according to a new report from Standard Chartered shared with Cointelegraph. Corporate cryptocurrency treasury firms have bought up 1% of the total Ether (ETH) supply since…
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The Chicago Board Options Exchange (CBOE) has filed to list shares of Canary Capital’s proposed staked Injective exchange-traded fund (ETF), further expanding the wave of regulated crypto investment products in the United States. The CBOE’s 19b-4 filing, submitted Monday, comes shortly after investment firm Canary Capital filed an S-1 application for a staked Injective (INJ)…
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Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the world’s largest economy,…
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Corporate adoption of Bitcoin is accelerating, with 35 publicly traded companies now holding at least 1,000 BTC each, signaling growing institutional interest in the world’s largest cryptocurrency. Demand for Bitcoin (BTC) soars among public companies four months after US President Donald Trump’s executive order outlined the creation of a federal Bitcoin reserve for the world’s…
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A long-dormant Bitcoin whale from the Satoshi era has transferred more than $1.1 billion worth of Bitcoin to centralized exchanges in recent hours, raising concerns of a possible market correction during a typically low-liquidity weekend. After holding their stash since 2011, the Satoshi-era whale, or large cryptocurrency investor, first transferred 40,000 Bitcoin (BTC) worth over…
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Societe Generale, the world’s 19th-largest banking conglomerate by assets, is partnering with cryptocurrency asset manager 21Shares to provide liquidity for its crypto-based exchange-traded products (ETPs) in European markets. As part of the partnership, Societe Generale will provide liquidity and market-making services for 21Shares’ cryptocurrency ETPs for investors in Germany and Eastern Europe. The European banking…
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