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Tokyo-based investment firm Metaplanet has bolstered its Bitcoin reserves, acquiring an additional 330 BTC valued at approximately $28.2 million. This purchase elevates the company’s total holdings to 4,855 BTC, worth over $414 million, positioning Metaplanet as Asia’s largest corporate Bitcoin holder and the tenth-largest globally.​ Strategic Accumulation Amid Market Volatility Metaplanet’s recent acquisition, executed at an average price of $85,605 per Bitcoin, marks its third purchase in April 2025. Despite prevailing market uncertainties, including global economic pressures and fluctuating cryptocurrency valuations, the firm remains steadfast in its commitment to Bitcoin as a long-term asset.​ Up only pic.twitter.com/DxMW2kYxo5 — Simon Gerovich (@gerovich) April 21, 2025 The company’s CEO, Simon Gerovich, highlighted a year-to-date Bitcoin yield of 119.3%, reflecting the firm’s strategic focus on maximising Bitcoin per...

Source: Coinbase Coinbase has finalised the acquisition of Utopia Labs , a decentralised finance (DeFi) start-up, in a move to broaden its capabilities in blockchain technology and financial services. The acquisition marks a critical step for Coinbase, aiming to enhance its core infrastructure and bolster decentralised tools in the face of regulatory scrutiny and evolving market demand. A Strategic Shift for Coinbase Coinbase’s purchase of Utopia Labs underscores the company’s commitment to expanding its offerings in the DeFi and Web3 spaces. Founded in 2021, Utopia Labs has primarily focused on creating payment solutions that enable businesses to handle cryptocurrency transactions with minimal friction. “We see immense value in integrating Utopia’s tools with our mission to offer more efficient, decentralised financial services,” Coinbase stated, emphasising the acquisition as a pathway to innovation across blockchain networks. Excited for the @utopialabs_ to ...

Source: Bitwise Bitwise Asset Management, a leading global crypto asset manager, has expanded its reach into the European market by acquiring London-based ETC Group . This strategic move adds to Bitwise’s portfolio and elevates its total assets under management (AUM) to over $4.5 billion. We’re excited to share that Bitwise has acquired ETC Group, the London-based digital asset manager and creator of Europe’s largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients access to global… pic.twitter.com/RTSrrokBo3 — Bitwise (@BitwiseInvest) August 19, 2024 Acquisition Details On August 19, 2024, Bitwise announced its acquisition of ETC Group, a prominent issuer of exchange-traded products (ETPs) in Europe. The financial terms of the deal have not been disclosed. This acquisition includes ETC Group’s suite of nine European-listed crypto ETPs, which Features popular products such as t...