Cryptocurrencies To Watch

Tag: Top Crypto News

  • FTX Co-Founder Gary Wang Has Been Spared From a Prison Sentence

    FTX Co-Founder Gary Wang Has Been Spared From a Prison Sentence

    Gary Wang, co-founder of defunct crypto exchange FTX, has been spared from a prison sentence as prosecutors believe that he should be freed due to his swift compliance with the investigating forces after the incident, which helped them to convict others involved in the crime.

    Many FTX allies have pleaded for mercy on the same grounds. Notably, only Wang has been spared as the judge believes his cooperation is quite remarkable.

    Wang is Not Going Behind Bars

    According to Bloomberg, U.S. District Judge Lewis A. Kaplan noted that Wang has done the right thing for himself and the defunct company by complying swiftly to expose FTX’s deeds on time.

    “I’ve never seen anything quite like what happened here. Wang is entitled to a world of credit,” he said. 

    His prosecutors noted that since Wang played a minimal role in the fraud, he could have easily fought against the charges. Thus, he left them in amazement when he humbly unraveled the FTX code for the investigators, making their work much easier.

    Remarkably, using his programming skills, Wang worked hand-in-hand with the forces to the point of developing a software program that would help the U.S. Department of Justice (DOJ) to detect fraudsters and their activities in the American financial market.

    $11 Billion Forfeiture

    Although he is no longer going to be put behind bars, Wang has to suffer the consequences of his involvement in the fraud partially. Therefore, the court has ordered to forfeit $11 billion, the same amount as other FTX allies.

    Notably, he has already given in to the order by agreeing to liquidate his Coinbase and Vanguard accounts and submit the proceeds to the U.S. He is also relinquishing any rights to the seized $600 million, which was initially tied to FTX and its co-founder, Sam Bankman-Fried (SBF).

    During the hearing, Wang remorsefully commented, “I profoundly regret my choices. Nothing I do will ever be able to make up for those choices.”

    Others Bag Prison Sentences   

    The court has decided on long prison sentences for many FTX personnel involved in the fraud. SBF has been serving his 25-year prison sentence since March. A former FTX executive, Ryan Salame, began serving a seven-and-a-half-year prison sentence in May.

    Meanwhile, the defunct exchange has revealed plans to reimburse its creditors by January 2025.

  • Video Sharing Platform Rumble Adopts Bitcoin Treasury Strategy

    Video Sharing Platform Rumble Adopts Bitcoin Treasury Strategy

    The United States-based video-sharing platform and cloud services provider Rumble has joined the institutional crypto and bitcoin adoption trend by implementing a Bitcoin Treasury Strategy. The company’s board has decided to diversify its excess cash holdings, spending up to $20 million to acquire BTC from the open market.

    The latest move highlights the growing institutional confidence as Rumble has followed in the footsteps of other U.S. firms, including MicroStrategy, Semler Scientific, and Marathon Digital.

    Rumble Embraces Bitcoin

    According to the company’s latest release, bitcoin is an essential tool for strategic planning, which led to its decision to adopt the crypto as a reserve asset.

    Rumble Chairman and CEO Chris Pavlovski revealed that the company’s decision was fueled by the U.S. election of a pro-crypto President, Donald Trump, who has taken steps to boost crypto adoption. He expressed that the world is still in the early stages of bitcoin endorsement, so his company shouldn’t miss out.

    Since it has a fixed supply, Pavlovski also explained that BTC is not prone to periodic new money printing like other government-controlled fiat currencies. Therefore, it is an excellent tool for dodging the effects of inflation.

    “Unlike any government-issued currency, Bitcoin is not subject to dilution through endless money-printing, enabling it to be a valuable inflation hedge and an excellent addition to our treasury. We are also excited to strengthen our ties with crypto and to bolster our efforts to become the leading video and cloud services platform for the crypto community,” he commented.

    While the company plans to spend $20 million on bitcoin purchases, it is not buying it immediately. Rumble’s management will consider various factors, including business conditions, the company’s cash needs, and the trading price of bitcoin. The strategy is also prone to amendment or suspension at any time in the future.

    U.S. Institutions Embrace BTC

    U.S. business intelligence firm MicroStrategy has set the pace of institutional Bitcoin adoption since 2020. Unlike Rumble, MicroStrategy is not concerned about the trading price of bitcoin. Its chairman, Michael Saylor, continues to purchase BTC for the firm. It got its last 55,500 units at an average price of $97,862 and now holds 386,700 BTC.

    Similarly, Marathon Digital, a U.S. Bitcoin miner, acquired its last 5,771 BTC at an average price of $95,554, raising its holdings to 33,875.

    Meanwhile, Fred Thiel, CEO of Marathon Digital, has expressed that the influx of many institutions into the crypto ecosystem would push the crypto upwards in no distant time.

  • Crypto User Loses Nearly $3 Million in Address Poisoning Scam

    Crypto User Loses Nearly $3 Million in Address Poisoning Scam

    Web3 dupery detector Scam Sniffer recently brought the crypto community’s attention to a transaction on the Solana blockchain. A user fell victim to an address-poisoning attack, resulting in a massive loss of over $2.9 million in PYTH tokens.

    An address poisoning attack is a crypto scam where scammers study a target’s transaction patterns, identify frequently used addresses, and generate similar-looking addresses. They then send a small amount from the fake address to the target. When the target sends funds in the future, they may mistakenly send them to the scammer’s phony address, resulting in financial loss.

    Nearly $3M Lost

    The crypto user fell victim to the address poisoning scam by transferring 7 million PYTH tokens to a fake address (4yfuQ…jizcY) that was similar to a legitimate Binance account address (4yfu4…gnhY) they had frequently transacted with. 

    The user’s last transaction with the genuine address occurred just 2 days before the incident. The target may have fallen into the scam by copying the fake address from the wallet app transaction history instead of using the correct address from their Binance app. This was possible as the fake address had sent a small amount of SOL immediately after the target’s last legitimate transaction.

    The stolen 7 million PYTH tokens have now been swapped for 11,016.14 SOL and are currently sitting in the address 3eFh8Nj6fssiXdC7Me6qmKq5Pf9vvq9rCyEdRgSEZNyt. This suggests that the scammer may attempt to launder the stolen funds in the future. Meanwhile, analysts predict a surge in SOL’s value, potentially increasing the scammer’s illicit gains.

    A Rare Case Brings Hope

    Interestingly, There seems to be a glimmer of hope for the user who lost PYTH tokens. Another user who accidentally sent $129 million to a phishing address this November had their funds returned by the scammer within an hour. The unusual act suggests the likelihood that the current scammer may also return the stolen funds.

    As address poisoning attacks are on the rise alongside other crypto scams, users need to exercise caution when handling crypto transactions and copy-paste addresses from reputable sources. Additionally, double-checking accounts before signing transactions is crucial, as these blockchain transactions are immutable and cannot be reversed.

  • Bitcoin Miner Marathon Acquires 5,771 BTC in Latest Bitcoin Shopping

    Bitcoin Miner Marathon Acquires 5,771 BTC in Latest Bitcoin Shopping

    U.S.-based Bitcoin mining firm Marathon Digital has again gone for its quarterly bitcoin shopping. Amid the market uptrend, It has spent $572 million to acquire about 5,771 BTC at an average price of $95,554 per bitcoin.

    Despite being a Bitcoin miner, Marathon has always purchased more BTC from the open market in addition to its mining rewards, adopting a complete Bitcoin hodl strategy.

    5,771 BTC Shopping

    According to the firm’s recent post on X, its latest purchase has raised its bitcoin holdings to 33,875 BTC, about 0.16% of the total fixed bitcoin supply.

    To fund its latest BTC purchase, Marathon has completed a $1 billion convertible notes offering at 0% interest rates, the largest notes offering ever among Bitcoin miners. The company’s latest Q3 achievement—about 604 Bitcoin block wins, a 32% increase from its Q2 wins—also adds to its bitcoin holdings.

    Marathon’s stack is worth about $3.4 billion, by BTC’s current market price of $99,000. Meanwhile, the company’s BTC yield remains at 35% per share, making its shareholders profit.

    Institutional Bitcoin Adoption Grows

    Marathon Digital is among the companies driving institutional Bitcoin adoption. Earlier this year, it revealed plans to hold all of its mined BTC and periodically purchase more from the open market.

    Topping the list of Bitcoin holding companies is Michael Saylor’s business intelligence firm MicroStrategy, which adopted the crypto as its primary reserve asset in 2020.

    Following its most recent purchase, MicroStrategy now holds about 331,200 BTC worth over $29 billion. Since it has been acquiring the crypto for a long time, it acquired its total bitcoins at an average price of $49,874.

    Trailing MicroStrategy and Marathon Digital is a Japanese publicly-traded firm, Metaplanet, which has clung to BTC for protection against Japanese inflation. It currently holds 1,142 BTC worth $74.1 million.

    Meanwhile, MicroStrategy is issuing $2.6 billion convertible notes to qualified institutional and personal investors to raise funds for its next bitcoin purchase.

  • BTC, SOL, XRP Hit New All-time Highs After Gensler Resignation

    BTC, SOL, XRP Hit New All-time Highs After Gensler Resignation

    Bitcoin (BTC), Solana (SOL), and Ripple (XRP), the world’s first, fourth, and sixth largest cryptocurrencies, made shocking bullish price movements on Friday, hitting new historic highs after U.S. crypto-pessimistic Securities and Exchange Commission (SEC) Chairman Gary Gensler announced his upcoming departure from the agency.

    BTC Eyes $100,000

    BTC has been bullish since this month and has smashed set records to reach new all-time highs. Since November 5, the apex coin has moved from $75,000 to above $99,000 today, a whopping 32% price jump for the world’s leading crypto.

    On average, bitcoin’s price has increased by approximately $1,333 daily over the past 18 days.

    Many famous crypto analysts and investors have predicted that BTC will reach $100k by 2025. Notably, the leading crypto has sent shocking waves into the market. At the time of writing,  it is less than $1,000 away from hitting six figures. 

    SOL Above $260

    SOL, the native token of the Solana blockchain network, leaped past its previous all-time high of $259 on Thursday.

    Driven by optimism of a spot Solana exchange-traded fund (ETF) coming soon, investors have pumped funds into the token, pushing its price to $264 per coin, a more than 10% increase within 24 hours.

    The crypto community has expressed optimism about the ETF approval across the media, hoping that when Gensler steps down in January, and a crypto-friendly chairman takes over in January, it could speed up the evaluation process.

    XRP Crosses $1.4    

    Joining the bullish trend is XRP, the native cryptocurrency of Ripple, a digital payment network. The token has flipped past Dogecoin to become the world’s sixth-largest cryptocurrency by market capitalization.

    Following Gensler’s resignation, the coin soared by more than 25% to reach $1.42 on Thursday. The anti-crypto SEC chair has made it difficult for Ripple to operate freely within the U.S., as he has instigated a case against the firm. 

    Thus, Gensler’s resignation is a big win for Ripple as the community foresees a better future for XRP if a new SEC chair takes over.

    Meanwhile, U.S. asset manager Bitwise filed for a spot XRP ETF two months ago and has not gotten any reply or update from the SEC.

  • North Korean Lazarus Hacker Group Involved in Upbit $50 Million Theft

    North Korean Lazarus Hacker Group Involved in Upbit $50 Million Theft

    The Korean National Police Agency (KNPA) has confirmed that the North Korean cybercrime group Lazarus Group, also known as the Hidden Cobra, alongside its subset, Andariel, are responsible for the South Korean crypto exchange Upbit hack in 2019, which resulted in a loss of about 342,000 Ether (ETH).

    342,000 ETH Theft

    At the time of the exploit, one ETH was worth about $147. Thus, the stolen tokens were valued at $50.2 million. Following the upward trajectory in the digital asset industry over the years, ETH is now worth $3,350 per coin. Therefore, the stolen crypto is valued at about $1.1 billion at the current market price.

    According to South Korean news media Yonhap News, this is the first time a “domestic investigative agency has officially confirmed” Lazarus hacker’s involvement in a cryptocurrency hack despite various foreign reports about the group’s cybercrimes.

    Notably, the police claimed to have gathered lots of information about the hack over the years, including North Korea’s IP addresses, traces of North Korean vocabulary usage, the flow of digital assets, and detailed data obtained through cooperation with the Federal Bureau of Investigation (FBI) before confirming North Korea’s role in the theft.

    The forces also discovered that about 57% of the stolen crypto was converted to bitcoin (BTC) via three crypto exchanges allegedly opened by the North Korean government and at a price about 2.5% lower than the average market price. After that, the group laundered the remaining ETH via 51 international exchanges.

    Additionally, the police revealed that the group stored a fraction of the stolen assets in a Swiss crypto exchange. After conducting investigations and presenting convincing shreds of evidence to the firm, it seized about 4.8 BTC, refunding Upbit.

    North Korean Crypto Exploits on the Rise

    North Korea has made a name for training hackers who bypass systems and sanctions to steal cryptocurrencies from vulnerable firms. Just this year, it has been connected to about 11 crypto exploits worth about $54.7 million. Earlier in March, it laundered about $147 million in proceeds from the hack of crypto exchange HTX in 2023.

    Meanwhile, the massive rise in the price of cryptocurrencies over time has attracted many cyber criminals, leaving investors’ funds at risk of being stolen via subtle or direct means. The industry lost about $120 million in September from over 20 hacks.

  • DOGE, SHIB, and PEPE are Gearing For Major Surge. How High?

    DOGE, SHIB, and PEPE are Gearing For Major Surge. How High?

    DOGE and SHIB have recently struggled to maintain trading above a critical level. The crypto market seems to lose momentum following Bitcoin’s climb to $90k.

    The memecoin ecosystem remains strong amidst the growing uncertainty. Solana DEX volume hits a new all-time high. Traders speculated that the native coin may attain a new ATH if volume remains constant.

    DEXs handled over $41 billion in transactions between Nov. 4 and 10, doubling the $18 billion it registered last week. The latest figures drive the monthly volume to a staggering $70.9 billion. Raydium handled over 72% of the total trading, while Orca and Lfinity facilitated $7.6 billion and $2.5 billion, respectively.

    The main reason for the milestone is memecoins. New tokens like PNUT and GOAT saw fresh investment pour into the space, and promises of a massive return continue to push the memecoin rush. For example, a trader who invested $17 in the squirrel token made 12,000x in profit.

    The growing number of such tokens on exchanges is another reason for the massive attention. Binance recently listed $Pnut, resulting in an over 300% increase in less than 24 hours. BONK surged to a new all-time during the previous intraday session.

    It started trading at $0.000048 but slightly declined at the start of the day. It rebounded, climbing above its previous ATH at around $0.000055. It peaked at $0.000057. The latest milestone comes after Upbit listed the asset on its platform.

    There is more to come from the memecoin sector. One key factor to watch out for is their price correlation with the apex coin. Once Bitcoin, there will follow, with more volatility. Let’s see how these assets will perform in the coming days.

    DOGE/USD

    Dogecoin is on the verge of another breakout. Recent price action shows the asset is gearing up for a major move. However, it has failed to break the $0.44 barrier after several attempts. The first happened on Nov. 12, when it started trading at $0.35 but retraced to a low of $0.30 before rebounding. It shot up to the highlighted mark a few hours ago but failed to break it.

    DOGE closed at $0.38 following the massive rejection at the peak. The price movement repeated the next day, and the asset gained over 5% after its corrections.

    Thursday was one of the most bearish days for the asset. It lost over 9% during this period. Over the next few days, it remained locked between $0.40 and $0.34. It broke the pattern during the previous intraday session. It started the day at $0.37 and surged to a high of $0.42 but retraced afterward.

    One reason for the breakout was a change in Bitcoin’s price trajectory. It attained a new all-time high during the previous intraday session, peaking at $94k. DOGE’s price correlation with the top asset is 0.99, one of the highest in the market.

    Although there are few onchain metrics, the asset has a thriving community. Its “fanbase” rose by over 1% over the last seven days. However, it grapples with notable selling pressure. Total exchange netflow is currently negative, exceeding -$15M.

    Its price correlation will be crucial in the coming days as Bitcoin proponents anticipate more price increases. Dogecoin will break above $0.44 and edge closer to $0.70.

    SHIB/USD

    Shiba Inu gained a whopping 27% on Nov. 10. It started trading at $0.000020 and surged to a high of $0.000028. It experienced slight declines that saw it close at $0.000026. It continued the uptrend the next day with notable surges. It edged closer to $0.000030 but failed due to massive rejections.

    Nov. 12 was one of the most volatile for the asset, as it dropped to a low of $0.000024 but rebounded and climbed above the highlighted barrier. However, it registered losses exceeding 5% in the end. The memecoin slipped further the next day.

    The asset started a trend of trading within a channel. It bounced between $0.000022 and $0.000026. Following several attempts over the last seven days, it failed to break out of this pattern. Its consistent pressure on the support spreads massive fear of the level buckling.

    Nonetheless, indicators are split on the next price action. The moving average convergence divergence shows an ongoing bearish divergence. With the divergence underway, the asset may see further declines. However, price actions suggest possible accumulation above $0.000023, which may result in recovery.

    The relative strength index supports the idea of an impending price uptick. At the time of writing, the metric is at 58, showing room for price surges. The Bollinger Band supports this claim as the upper band is farther from current prices.

    Recent price action shows BTC edging closer to $100k. The bulls are gradually recovering from their previous exhaustion. The memecoin will see a trickle of funds as the apex coin edges closer to the highlighted mark. Its correlation, which stands at 0.92, may play a huge role in the coming days.

    PEPE/USD

    PEPE has been on the decline over the last five days. The downhill movement started following its massive surge on Nov. 15. It started the day at $0.000020 and surged to $0.000023 following an enormous decline to a low of $0.000018.

    A massive decline started the next day when prices dropped from $0.000023 to $0.000020, losing almost all the accumulated gains. The downhill movement continued over the next four days, with losses of over 12%.

    MACD suggests further declines in the coming days. The 12-day EMA is dipping and may intercept the 26-day EMA. The ongoing price decline follows the readings from this indicator. However, other metrics point to an impending change in price trajectory.

    The relative strength index is at 65, showing room for price surges. It may retrace further to guarantee a solid recovery. The Bollinger Band supports this claim as the upper band is farther from current prices.

    Onchain data from IntoTheBlock are most bullish amidst the ongoing price declines. Three of the four metrics are currently bullish. Large transactions have increased by over 12% over the last 24 hours, and bullish concentration increased on the asset during this period.

    The asset has a 0.94 price correlation with Bitcoin, which means that the memecoin will surge as the top coin does. This is especially important as the apex cryptocurrency is gearing up for major leaps at critical levels.

    PEPE is gearing up for a significant price move. During the next run, it will surge above $0.000030.

  • Liquor Store LQR House to Buy $1M in Bitcoin: Adoption

    Liquor Store LQR House to Buy $1M in Bitcoin: Adoption

    LQR House Inc., a niche e-commerce platform specializing in the spirits and beverage industry, has announced that its Board of Directors has approved purchasing up to $1 million in Bitcoin (BTC) as part of its treasury management plan.

    The platform aims to establish itself as a leading wine and spirits e-commerce player, mainly through its flagship marketplace, cwspirits.com. The company offers a wide selection of emerging, premium, and luxury spirits, wines, and champagnes from respected retail partners like Country Wine & Spirits.

    LQR House Dives Into Digital Asset

    The company will also enable crypto transactions on CWSpirits.com, allowing customers to buy alcohol with digital currencies. In conjunction with this move, LQR House has implemented a policy to hold up to $10 million of these crypto payments in BTC, demonstrating the firm’s belief in digital assets’ long-term value and potential.

    Commenting on the latest move, Sean Dollinger, CEO of LQR House, said:

    “As Bitcoin continues to gain traction as an accepted asset class, we see a unique opportunity to strengthen our treasury with an innovative investment, in our opinion, Bitcoin’s inherent scarcity and finite supply position it as a modern hedge against inflation and a safe haven in times of economic uncertainty.” 

    The firm noted that it believes that the crypto asset aligns with its forward-thinking strategy and complements its mission to drive innovation across all aspects of its business.

    LQR House functions as a technology-driven hub, utilizing software, data analytics, and artificial intelligence to elevate the consumer experience.

    BTC as Part of LQR House’s Strategy

    While Bitcoin will now be integrated into LQR House’s strategy, the company remains dedicated to its core operations. The firm’s commitment includes carrying out the previously outlined cost-reduction measures to improve profitability and working closely with its new board members to establish and execute the most efficient strategies for long-term growth.

    According to LQR House Inc., the platform will closely track its Bitcoin assets to ensure they align with market trends and the company’s liquidity requirements.

  • Coinbase CEO to Discuss Personnel Appointments in Meeting with Trump

    Coinbase CEO to Discuss Personnel Appointments in Meeting with Trump

    Coinbase co-founder and CEO Brian Armstrong is set to meet with newly re-elected President Donald Trump to discuss potential personnel appointments for his second administration.

    The meeting between Trump and Brian Armstrong would mark the first time the two have met since Election Day. According to a report from the Wall Street Journal, the private meeting is also part of Trump’s ongoing plans to finalize his cabinet and government heads.

    Armstrong did not contribute directly to Donald Trump’s 2024 campaign or any political action committees (PACs) supporting the Republican candidate. However, before the U.S. election, Armstrong expressed that Coinbase would be open to collaborating with a potential Trump administration. The stance indicated the company’s willingness to engage with the new administration on crypto-related policies.

    Armstrong Supports D.O.G.E

    After the U.S. election, Armstrong expressed his support for one of Trump’s initiatives on X. He endorsed the proposal for a “Department of Government Efficiency” (D.O.G.E)—a concept that could only become a formal department if Congress approves. Tesla CEO Elon Musk and American entrepreneur Vivek Ramaswamy ​will spearhead the initiative.

    Earlier this year, at the Bitcoin 2024 conference, Trump unveiled plans to create a crypto advisory council. The council would focus on shaping regulations that benefit the cryptocurrency industry to foster a more supportive environment for digital assets. This move aligns with his broader vision of establishing the U.S. as a global leader in the crypto space.

    The duo meeting could also align with Trump’s broader strategy to position the U.S. as a dominant force in the global crypto market. Trump’s vision involves implementing policies that support the crypto industry’s growth, fostering innovation, and ensuring regulatory frameworks that encourage development within the industry.

    Armstrong’s Stance on Pro-Crypto Candidates

    In 2020, Armstrong emphasized that the company would refrain from backing any political causes or candidates that did not directly align with its mission. He stated that such support would be a distraction from the company’s core objectives. 

    Armstrong’s stance seemed to shift notably in 2023 after Coinbase received a Wells notice from the SEC and faced a lawsuit accusing it of offering unregistered securities. This legal action likely prompted him to reconsider his previous neutral position. Armstrong became more vocal in supporting regulatory reforms and aligned more closely with political figures advocating for pro-crypto policies. 

    Following the SEC’s Wells notice, the exchange CEO urged crypto users to vote for “pro-crypto candidates” to secure clearer regulatory guidance for the industry. 

    In 2024, he took this further by encouraging his followers on X to support Republican candidates for the U.S. Senate in Massachusetts and Pennsylvania.

  • Japanese Firm Metaplanet Raises $11.3M to Purchase More BTC

    Japanese Firm Metaplanet Raises $11.3M to Purchase More BTC

    Metaplanet, a Japanese investment firm, recently announced its raise of approximately $11.3 million to fund its Bitcoin purchases. This move is part of the company’s “Bitcoin-first” approach, which aims to hedge against economic pressures in Japan.

    Metaplanet to Purchase More Bitcoins

    The announcement clarified that Metaplanet’s raised funds were solely from its third series of ordinary bond issuance. The bonds offer an annual interest rate of 0.36% and will mature on November 17, 2025. Simon Gerovich, Metaplanet’s Representative Director and President, guarantees the bonds, securing the principal and interest.

    This bond issuance enables Metaplanet to raise capital for Bitcoin investments while providing a secured return. Interestingly, it complies with Companies Act regulations, eliminating the need for a bond administrator. Metaplanet will handle principal and interest payments directly.

    Meanwhile, this is not the first time Metaplanet leveraged the bond market to expand its Bitcoin holdings. In June, the company allocated $6.26 million worth of bonds for the same purpose. Those bonds, carrying an annual interest rate of 0.5%, were reported as aiding the firm’s “long-term holding” of Bitcoin.

    By utilizing bond sales, loans, put options, and other market instruments, Metaplanet continues to expand its Bitcoin reserves, joining the ranks of companies like MicroStrategy, which have also invested heavily in Bitcoin. This approach allows Metaplanet to raise capital while cementing its position in the crypto industry. The firm now holds 1018.17 BTC.

    Metaplanet Incentivizes Investors

    The bond issuance announcement comes moments after the company publicized its Shareholder Benefits Program to express appreciation for its investors’ continued support. The firm claims to offer exclusive perks, including a Bitcoin lottery, discounts on Bitcoin conference tickets, and purchases from the Bitcoin Magazine store.

    Eligible investors will receive notification of their shareholder numbers in early February 2025, enabling them to redeem these benefits. The Asian MicroStrategy believes the program will strengthen shareholder engagement and deepen their understanding of Metaplanet’s mission. Moreover, it claims that the program aligns with its commitment to the “Bitcoin ecosystem.”

    Interestingly, Metaplanet’s stock increased 7% after the latest announcement. Additionally, it has shown massive growth since the company first announced its Bitcoin investment strategy, with an over 950% surge and currently at about 566%.