Schlagwort: crypto business

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MicroStrategy buys another $4.6 billion of Bitcoin

  • MicroStrategy has added 51,780 Bitcoin (BTC) to its holdings.
  • The company acquired the BTC for $4.6 billion, bringing total holdings to 331,200 BTC.
  • Metaplanet, the MicroStrategy of Asia, also announced plans to buy more Bitcoin on Nov. 18.

MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has added to its impressive BTC haul with another major buy.

The company announced on Nov. 18 that it had acquired an additional 51,780 BTC worth $4.6 billion, with the latest purchase coming at an average price of $88,627 per bitcoin. It pushes MicroStrategy’s total BTC holdings to 331,200 BTC.

MicroStrategy BTC holdings hit 331, 200

MicroStrategy’s announcement comes a few days after the company founder Michael Saylor revealed the purchase of over $2 billion worth of BTC.

Overall, the publicly-listed company, whose stock MSTR has surged amid Bitcoin’s mega price spike, has acquired $16.5 billion worth of BTC. The average price of the buys is $49,874, putting the company billions of dollars in profit as the benchmark cryptocurrency trades near its all-time high.

“MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC acquired for ~$16.5 billion at ~$49,874 per bitcoin,” Michael Saylor posted on X.

As CoinJournal reported, the US-based firm has inspired several other platforms and entities to adopt a Bitcoin strategy.

One of these is Metaplanet, the Japan-based company listed on the Tokyo Stock Exchange. On Nov. 18, Metaplanet disclosed the issuance of over $11 million in bonds to buy Bitcoin. Metaplanet has become known as the “MicroStrategy of Asia.”

Elsewhere, the market continues to see a surge in interest in the crypto asset class. Bitcoin recently broke to a new all-time high above $93k. The BTC price has remained steady near the $90k level amid predictions that the digital asset’s value could run to $100k before the end of the year.

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Metaplanet to buy additional $11.7 million Bitcoin

  • Metaplanet to raise ¥1.75 billion (over $11.7) in bonds to buy Bitcoin (BTC).
  • The publicly-listed Japanese company has also unveiled a shareholder benefits program.

Metaplanet, a publicly-traded company listed in Japan, has announced plans to buy more Bitcoin (BTC) to add to its growing haul.

On Nov. 18, the Tokyo Stock Exchange listed Bitcoin Treasury Company announced it was looking to raise ¥1.75 billion in bonds to buy the flagship cryptocurrency.

The firm has issued one-year 0.36% bonds at ¥1.75 billion, approximately $11.7 million, and will use the proceeds to purchase more BTC. Currently, Metaplanet holds over 1,000 BTC.

Metaplanet is Japan’s MicroStrategy

Metaplanet’s board of directors resolved to issue the third series ordinary bonds during a meeting held on November 18, 2024, according to a regulatory disclosure. The bondholder will be EVO FUND, while the bonds will mature on November 17, 2025.

In Oct., Metaplanet announced it had adopted ‘BTC Yield’ as a key performance indicator. This followed the industry pioneer MicroStrategy whose strategy continues to inspire several other companies. On its part, MicroStrategy is eyeing $42 billion in capital over the next two-to-three years to buy Bitcoin.

Earlier this month, Michael Saylor revealed the US-based firm had acquired an addition 27,200 BTC for over $2 billion. Since the company started buying the scarce asset, it has hoarded 279,420 bitcoins purchased for over $11.9 billion.

Over the past year, MicroStrategy’s treasury operations have seen holders get 26.4% in BTC Yield – representing 157.5 BTC in daily accumulation. As Saylor recently noted, his company has achieved this “without the operational costs or capital investments typically associated with bitcoin mining.”

Metaplanet has announced a shareholder benefits program. According to the company, the program will offer exclusive perks and other added value offerings to shareholders. The firm is teaming up with VC Trade, Hotel Royal Oak Gotanda, The Bitcoin Conference, Bitcoin Magazine, and Webull Securities on this initiative.

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Gary Gensler Preparing to Exit SEC Chairman Role?

  • Gary Gensler’s recent speech at the Annual Institute on Securities Regulation event indicates that he may expect to be out of office soon.
  • This follows a pattern of SEC Chairs resigning following a change in administration.

At the PLI’s 56th Annual Institute on Securities Regulation program, held on Nov. 14, Gary Gensler’s speech hinted at his nearing the end of his term as the SEC Chairman. This comes as speculation points to incoming President Donald Trump removing him from office.

Under Gary Gensler’s leadership, the SEC has adopted a regulation-by-enforcement model, which includes hazy regulations around cryptocurrency followed by enforcement actions against exchanges and protocols that default.

During his speech, Gensler referred to his job in the past tense as one of Trump’s campaign promises to the crypto industry was to fire Gary Gensler “on day one” of his presidential term.

Gensler’s crypto enforcement record

Gensler’s SEC has some notable cases against various crypto firms, the top being Ripple, Coinbase, Uniswap, and ConsenSys.

The agency’s multi-year lawsuit against Ripple Labs ended in a partial loss as a US Judge ruled XRP is not a security. However, this ruling only applies to XRP’s public sales, not its institution ones for which the company was fined $125 million.

Despite the partial victory, the ruling was counted as more of a loss for the SEC as it set a precedence for other cryptocurrencies with similar public sales being non-securities, a development that would unwind the SEC’s regulation by enforcement.

On the other hand, Gensler’s SEC has scored some victories in its pursuit of defaulting crypto exchanges as the agency won a case against Bittrex in August 2023. The exchange was fined $24 million for violating US securities laws and has since ceased its operations within the US due to regulatory uncertainties.

Gensler also pursued cases against crypto industry giants like Coinbase, Binance, ConsenSys, and even decentralised platforms like Uniswap; some of which are still ongoing.

Regulatory obscurity under Gensler

Obscure crypto regulations have characterized Gensler’s term. The SEC’s regulation-by-enforcement regime, which was predominant in 2023 but spilt over into 2024, created an uncertain regulatory environment that left exchanges in the dark about the rules surrounding crypto listings.

Exchanges like Coinbase demanded regulatory clarity and firms like ConsenSys sued the SEC for clarification on Ethereum’s status as a security after the agency served the blockchain infrastructure provider a Wells Notice for violating securities laws through its MetaMask product.

In an interview with CNBC in 2022, Gensler revealed that he believed most cryptocurrencies are securities and should be regulated as such. However, his agency failed to provide clear regulations for crypto companies and exchanges to follow. Instead, Gensler insisted that there’d been clarity for years.

While Gensler affirmed Bitcoin is not a security, the verdict was out for several other major cryptos, Ethereum in particular being a point of contention.

Coinbase has an active lawsuit against the SEC and is pushing for a court ruling to obtain crucial crypto policy documents regarding the SEC’s crypto regulations and its findings from investigations into Ethereum as a security.

The SEC is delaying the document release citing a three-year review period.

Meanwhile, Gary Gensler faces lawsuits from a coalition of 18 US States citing gross government overreach in his regulation of digital assets.

Whether or not Gensler approaches the end of his role as the SEC Chairman, the consensus seems to be that his approach to crypto regulation leaves much to be desired. As the SEC Commissioner, Mark Uyeda, said on Fox Business Morning in October 2024, “I think our policies and our approach over the last several years have been just really a disaster for the whole industry.”

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Crypto price prediction: What next for Vantard as Bitcoin holds $90k?

Bitcoin rallied to an all-time high above $93,000 recently, creating a market abuzz for altcoins.

Ripple’s XRP, which has spiked to multi-year highs above $1.15, are among those to shine this past week. Elsewhere, sentiment around meme coins is at a new high, and getting unprecedented attention is Vantard (VTARD).

But what are analysts saying about BTC price? What could this mean for Vantard?

Bitcoin price prediction as bulls hold $90k

While Bitcon price has declined from the ATH reached in the aftermath of the US election win for Donald Trump, analysts are bullish both in the short term and long term. The outlook for the next few weeks is that bulls will try to take the psychological level of $100k.

Trump’s win and changes at the US Securities and Exchange Commission with impending exit of Gary Gensler has the market excited. A large part of this is down to crypto regulation – a scenario that is already helping XRP and other altcoins higher.

The new administration is pro-crypto and supportive of a strategic bitcoin reserve, BTC price could benefit with new momentum in place. Major institutional investors piling into the asset is also a bullish signal.

Ark Invest CEO and CIO Cathie Wood recently shared her Bitcoin price prediction. In the CNBC interview, Wood pointed to the above catalysts and others to suggest BTC could hit $650k by 2030.

What is Vantard?

As the market eyes a new leg up for the bull market, investors are focused on opportunities with likely to offer outsized gains. Meme coins have shown this trajectory in previous cycles, and analysts say the next meme rally could be a supercycle.

Vantard looks to offer buyers access to the top performing meme coins in an index fund. The portfolio, which is a basket of gems in the meme coin space, will rebalance periodically to keep the winning bets in.

With the Vantard Meme Portfolio, investors have exposure to the crypto market’s trending coins. This means investors can get the best of the bull market without having to face the complexity and challenge of managing the different coins or actively trading them.

Vantard price: What next for VTARD?

VTARD is designed to offer holders access to a fund that is similar to traditional index products. Think of a stocks index or an exchange-traded fund, but one that tracks the hottest meme coins in the market.

The project has raised over $842k in its seed round and has hot memes such as Popcat, Moo Deng, Michi and Goateus Maximus in its portfolio. Interest has pushed VTARD’s presale price from $0.00010 to $0.000014. As the project moves through the seed sale, VTARD price will rise to $0.00019 before hitting the market to trade on the open market.

Amid a surge for BTC, the meme supercycle could be explosive. Vantard will list on exchanges and rise in tandem. Meanwhile VTARD holders will target the returns from the VMP, with the tokens also redeemable for any of the treasury assets.

To learn more about Vantard, visit the official website.

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XRP rallies 83% in a week to hit $1 as Vantard’s presale approaches $850k

Key takeaways

  • XRP rallied by over 80% in a week to hit $1 amid a favorable regulatory shift.
  • Vantard’s presale now stands at $838k as more investors troop into the project.

XRP rallies to $1

XRP, Ripple’s native coin, has rallied more than 80% over the last seven days. The rally allowed it to hit the $1 psychological mark and has surpassed Dogecoin to become the 6th-largest cryptocurrency by market cap.

At press time, XRP’s price is $1.07, but it could rally higher soon. The rally comes as the United States SEC faces fresh legal troubles, and investors consider this a favorable situation for Ripple and its native XRP token.

On Thursday, a group of state attorneys general and the DeFi Education Fund sued the regulatory agency, alleging unconstitutional overreach. The group accused the SEC of overstepping the boundaries in bringing enforcement actions against digital asset exchanges.

Furthermore, investors are confident of an XRP-focused exchange-traded fund (ETF) soon. 

What is Vantard (VTARD)?

Bitcoin, XRP, Dogecoin, Solana, and Ether have recorded excellent gains in recent weeks. With more funds coming into the crypto space, more investors are focusing on new projects. Vantard is one of the projects attracting investor interest. It is the world’s first Solana meme coin index and would help investors leverage the growing $45 billion memecoin market. 

The team explained that the native $VTARD token holders can redeem tokens against the Treasury for their proportional percentage of the underlying assets. Vantard will hold a portfolio of top Solana-based meme coins. 

Vantard’s primary feature will allow investors to expand their crypto investment portfolio. This is particularly important thanks to the growing importance of meme coins to the cryptocurrency ecosystem (Litecoin announced recently that it now identifies as a meme coin). 

With Vantard, investors can be confident of enjoying the ‘Memecoin Supercycle’ as it delivers exciting new projects to their portfolios. Furthermore, the Vantard index will bridge a significant gap in the market as meme coins have outperformed every other crypto sector in recent years. 

Want to learn more? Click this link. 

Vantard’s presale tops $835k

The Vantard presale has been gaining ground in recent weeks, with over $835k raised so far. The seed round comes shortly after the project raised $500k in its pre-seed funding round. 

According to the Vantard website, the $VTARD token is going for $0.00014, and the price is set to increase to $0.00015 in the next stage.

The $VTARD tokens are available to investors via the Vantard website. Accepted forms of payment include USDC, USDT, and Ethereum (ETH) coins. 

Vantard is the first Solana-based meme coin index. Given Solana’s position as the leading blockchain for meme coins and DeFi protocols, the project will benefit investors. 

With a market cap of over $40 billion, meme coins are recording excellent growth. Vantard ensures investors take advantage of the best meme coins by picking out the best meme coin projects on the Solana blockchain. Thus, investors are exposed to the best projects and don’t invest in scam meme coins. The index lets users ‘Ride the Memecoin Supercycle.’

Why buy the $VTARD token now?

Vantard is in its presale, allowing investors to buy the tokens at a discount. Investors have the opportunity to buy the $VTARD tokens before they are listed on cryptocurrency exchanges. The $VTARD token is sold for $0.00013 per coin. However, the price will increase to $0.00014 per coin in the next stage. 

As the first Solana meme coin index, Vantard could become one of the top-performing cryptocurrencies in this bullish cycle.

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