Ethereum News Daily Official TheBitTimes.com

Metaplanet boosts Bitcoin holdings to 639.5 BTC as of Oct. 7. The company’s stock price has surged 11%, with a 544% year-to-date gain since May 2024. It has so far acquired an additional $1.4M in BTC via options trading, recognizing 23.97 BTC as revenue. Japan-based investment firm Metaplanet on October 7 announced that it has made yet another significant acquisition of Bitcoin, boosting its holdings to a total of 639.5 BTC, valued at approximately $40.5 million. The company, which has garnered the nickname “Asia’s MicroStrategy” for its aggressive Bitcoin purchasing strategy, acquisition of an additional 108.78 BTC, worth roughly $7 million at the current Bitcoin price of $63,600. Metaplanet’s Bitcoin strategy has been nothing short of bold. Since May 2024, when it first adopted Bitcoin as its strategic treasury reserve asset, the firm has made regular purchases to strengthen its cryptocurrency portfolio. In total, Metaplanet ...

The Stellar Development Foundation acquires a minority stake in major remittances platform MoneyGram. The Stellar Development Foundation (SDF) — the organization behind the Lumens (XLM) blockchain — announced on Aug. 15 that it is acquiring a minority stake in major remittances platform MoneyGram. In a recent tweet, SDF CEO and Executive Director Denelle Dixon described the decision behind the investment as “an easy one” and explained that the funds come from the firm’s treasury. The decision to invest in @MoneyGram was an easy one. After years of getting to know the business and the teams, we are excited to take part in MGI’s next chapter. It’s been an awesome few years working together, and we are excited for what’s next!https://t.co/PYAKHeXRxx — Denelle Dixon (@DenelleDixon) August 15, 2023 In other words, Stellar’s Enterprise Fund, used to invest in startups and early-stage companies, was not drawn from. Dixon avoided providing any financial...