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Japan's Metaplanet Buys Another $6.7M Worth of Bitcoin

Metaplanet bought around 108.8 BTC at an average price of just under 9.2 million yen per coin

Von Jamie Crawley|Bearbeitet von Sheldon Reback
Aktualisiert 7. Okt. 2024, 8:50 a.m. Veröffentlicht 7. Okt. 2024, 8:47 a.m. Übersetzt von KI
(Ryo Yoshitake/Unsplash)
(Ryo Yoshitake/Unsplash)
  • Metaplanet has purchased another 1 billion yen ($6.7 million) worth of bitcoin, pushing its holding to 639.5 BTC.
  • With the purchase, Metaplanet has now bought just shy of 6 billion yen on bitcoin, purchasing them at an average price of 9.3 million yen apiece.

Japanese investment adviser Metaplanet (3350) said it bought another 1 billion yen ($6.7 million) worth of bitcoin , pushing its holding to 639.5 BTC, worth approximately $40.6 million at current prices.

The Tokyo-listed company purchased around 108.8 BTC at an average price of just under 9.2 million yen per coin, the company disclosed on Monday. It has now spent just shy of 6 billion yen on the largest cryptocurrency by market value, paying an average price of 9.3 million yen apiece.

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The company adopted bitcoin as a reserve asset in May as a hedge against volatility of Japan's native currency. It now has the second-largest bitcoin stash among Asia-listed companies, behind Hong Kong-based technology firm Meitu (1357), which holds around 941 BTC, according to Bitcoin Treasuries. Both companies trail behind Tysons Corner, Virginia-based MicroStrategy, which has more than 252,000 and is the largest publicly traded owner of the token.

Metaplanet recently began selling bitcoin put options, in order to use the premiums to purchase more BTC. The sale of 223 contracts on Oct. 3 earned Metaplanet a premium of 23.972 BTC ($1.44 million). A put option gives the holder the right, but not the obligation, to sell the underlying asset at a predetermined price.

Metaplanet's shares rose 7.9% to 988 yen and are over 500% higher year-to-date.

Read More: MicroStrategy's Next Bitcoin Purchase Is Likely to Take Its Holdings Above Grayscale's GBTC

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Was Sie wissen sollten:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments

A Visa card being held to next to a payment terminal. (CardMapr.nl/Unsplash)

While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.

Was Sie wissen sollten:

  • Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
  • The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
  • Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.