Metaplanet To Secure $62M Funding, Boosting 1,142 BTC Holdings
If its fundraising efforts are successful, Metaplanet could buy around 652 more Bitcoins for $62 million. Japanese investment firm Metaplanet plans to raise over $62 million (9.5 billion Japanese Yen) through a stock acquisition initiative to expand its Bitcoin treasury, which currently holds 1,142 Bitcoin valued at over $109 million. In a statement released on […]
Germany’s Biggest Insurer Allianz Acquires 24% of MicroStrategy’s $2.6B Notes
Pseudonymous analyst Petruschki provided data from the Bloomberg Terminal that showed the insurance giant had invested in four different sub-organizations. Germany’s largest insurance company, Allianz, has reportedly acquired nearly a quarter of MicroStrategy’s $2.6 billion convertible note offering, reflecting the growing institutional interest in Bitcoin. Allianz, the second-largest insurer in Europe, purchased 24.75% of MicroStrategy’s note […]
Standard Chartered’s Crypto Custodian Zodia To Raise $50Million
Zodia, backed by several financial firms, plans to raise $50 million to reach out to more diverse investors. Zodia Custody, the institutional crypto custody platform partly owned by Standard Chartered, is set to scale its global operations through new funding. CEO Julian Sawyer revealed plans to raise $50 million to expand services and launch new […]
Binance: Retail Investors Demand 80% of Bitcoin ETFs
Binance reports that retail investors, not institutions, have driven spot bitcoin ETF demand since debut. Retail investors account for the majority of demand for spot Bitcoin exchange-traded funds (ETFs), according to recent research by Binance. In an October 25 report on crypto ETFs, Binance revealed that as of October 10, nearly 80% of the total […]
Bitget, Foresight Ventures Invest $30M in TON Blockchain
Bitget and Foresight aim to become more involved in TON’s governance and future development plans as a result of this new investment. The Open Network (TON) blockchain has received additional financial backing from Bitget and Foresight Ventures. On September 18, Bitget announced a $30 million strategic investment to advance the development of TON applications on […]