Tag: boost

  • Metaplanet wants to boost its Bitcoin holdings to 10,000 in 2025

    Metaplanet wants to boost its Bitcoin holdings to 10,000 in 2025

    Metaplanet loads more bitcoins with 42,466 BTC purchase
    • Metaplanet started buying Bitcoin in May 2024 as a strategic treasury reserve
    • The Tokyo-listed company currently holds 1,761.98 Bitcoin
    • It saw its Bitcoin yield reach 310% between October 1, 2024 to December 23, 2024 compared to 41% between July 1, 2024 to September 2024

    Metaplanet is on a mission to boost its Bitcoin holdings to 10,000 in 2025 while leveraging its partnerships to boost Bitcoin adoption worldwide.

    In a post on X, Simon Gerovich, CEO of Metaplanet, said that the Tokyo-listed company is aiming to “expand our Bitcoin holdings to 10,000 BTC by utilizing the most accretive capital market tools available to us.”

    Reflecting on its 2024 performance, Gerovich highlighted that the company “broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin treasury company.”

    Purchasing Bitcoin

    Since May 2024, Metaplanet has been acquiring Bitcoin at a steady rate as a strategic treasury reserve. In June, it purchased $6.2 million worth of Bitcoin. This was followed by a $2.5 million purchase in July, a $7 million Bitcoin purchase in October, and an additional $11.7 million in November.

    Its latest Bitcoin purchase was in late December totaling 620 Bitcoin for $60 million. To date, Metaplanet currently holds 1,761.98. In comparison, MicroStrategy holds 447,470 Bitcoin with its most recent purchase of $101 million taking place at the end of December 2024.

    According to a December 23 notice from Metaplanet, it saw its Bitcoin yield reach nearly 310% between October 1, 2024 to December 23, 2024. This is compared to a 41% Bitcoin yield reached between July 1, 2024 to September 30, 2024.

    On top of building its Bitcoin holdings, Gerovich added on X, among other things, that Metaplanet is focusing on building partnerships to “advance Bitcoin adoption in Japan and globally” while exploring “innovative opportunities to grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.”



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  • DeFi’s TVL reaches $100B with Bitcoin boost, high expectations for Cardano’s AI competitor

    DeFi’s TVL reaches $100B with Bitcoin boost, high expectations for Cardano’s AI competitor

    It’s just three months into 2024 and it’s still raining records in the crypto sector. The latest one came on March 9, 2024, after the global value of DeFi protocols crossed $100 billion as the rising demand for Bitcoin (BTC) fueled interest in top cryptos to invest in. 

    Bitcoin has been growing impressively since the launch of BTC ETFs in the US after a landmark decision from the country’s regulators.

    There’s reason to cheer in the altcoin space too. Altcoin holders are in good spirits after InQubeta (QUBE) recently made waves with its positive price action. 

    The QUBE token has left analysts impressed with its presale gains. With its cryptocurrency ICO raising more than $11.9 million so far, some investors see it as a potential competitor for Cardano (ADA)

    InQubeta: helping AI startups rise higher

    InQubeta is a crypto-based crowdfunding platform for AI projects. The Ethereum-powered platform connects AI innovators with a community of investors, mentors, and financial experts, and helps them scale their business.  

    People can participate in the process by purchasing its QUBE token and buying NFTs that represent the projects. Once the transaction is processed, the funds are transferred to the startup and the buyer gets to own a share in the former’s equity. 

    Besides fundraising, InQubeta helps startups scale their projects through mentorship and marketing support. The platform connects innovators with an extensive network of professionals. Some of these professionals include veterans who come with years of experience and can guide startups through the challenges of the AI industry. 

    The vibrant community can also help them with brand strategy and marketing their projects. To maintain a distinctive brand presence, startups can leverage InQubeta’s social media channels. 

    Rated as one of the best altcoins for 2023, the QUBE token has to thank its deflationary model for its popularity. The model contracts the token supply when the markets are in red. 

    The reduced supply allows the price to stay stable and demand to rise. The advantage helps the token retain its audience and even draw more crypto users. If there is any increase in token supply during such a time, it’s checked by burning the additional tokens. 

    The InQubeta team has created an ambitious roadmap for the platform and its longevity. As per the plan, several new initiatives in store will enhance the platform’s brand presence. 

    The first among such initiatives is a staking dApp for crypto users that will also boost blockchain growth. The team is also looking to get the QUBE token listed on a centralized exchange so that more people can explore its USPs. 

     

    Bitcoin has become eighth most valuable asset in the world

    Bitcoin is a top-notch cryptocurrency that supports high-speed and secure online transactions. As investing in BTC ETFs reaches new highs, its native token BTC has become among the highest-grossing assets globally.

    The BTC token’s growth has helped the crypto market attract more people. In March, the global value of DeFi protocols reached $100 billion due to a Bitcoin-led rally.

    In a related development, Bitcoin’s market capitalization reached $1.42 trillion, making it the eighth most valuable asset globally.

    Cardano to partner with Dubai police

    Cardano is a public blockchain that’s powered by the Ouroboros protocol. The evidence-based methodology behind the protocol gives Cardano leverage over new altcoins. The open-source platform supports seamless dApp deployment with its scalability. Its native token is ADA and it’s used for various transactional purposes on the blockchain. 

    It recently unveiled its ‘SuperNode’ feature that aims to ramp up smart contracts operations through a more efficient and scalable ecosystem. 

    The blockchain has been in the news due to its collaboration with the Dubai police. According to reports, the Dubai police department will be joining hands with the Cardano Foundation to leverage blockchain to improve its data security measures. 

    Conclusion

    Apart from driving financial inclusion, Bitcoin, InQubeta, and Cardano have emerged as popular options for increasing generational wealth. With their sustained growth, these tokens are fast outperforming other asset categories and analysts are recommending them for long-term holdings.

    The uptick in these coins’ popularity comes after a slew of new initiatives that have expanded their scope. For Bitcoin, the ETF mania unlocked a major growth surge. In the case of Cardano, its lightweight consensus and collaborations have bolstered its market presence. 

    Meanwhile, InQubeta has been riding high after its AI-centric platform and presale success took the world by storm.

    These tokens sport cutting-edge security frameworks and consensus protocols that boost investors’ confidence in their potential.

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  • Siacoin (SC) spikes to 2-year high amid boost in investor confidence

    Siacoin (SC) spikes to 2-year high amid boost in investor confidence

    • Siacoin (SC) price rose to above $0.02, its highest level since December 2021.
    • SC, the native token of decentralized cloud storage platform Sia, was up 55% in the past week and 120% up over the past two weeks.

    Siacoin (SC) rose to its highest level since December 2021, breaking above $0.02 to mark a two-year high.

    SC, the native token of decentralized cloud storage platform Sia, was among top performers on Friday. With SC/USD changing hands near the intraday highs, the double-digit gains pushed Siacoin’s market cap to above $1 billion. Per CoinMarketCap, Siacoin ranked 70 among largest cryptocurrencies by market cap at the time of writing.

    Today’s gains have pushed the weekly upside for the altcoin to 55%, while it’s 120% up over the past two weeks.

    Why is Siacoin price up today?

    Siacoin’s gains, which put it among top gainers on the day alongside Avalanche DEX platform Pangolin (PNG), comes amid renewed confidence in the future of the project.

    A recent update from the Siacoin Foundation injected optimism within the Sia community. According to the platform’s February 2024 update, there’s a lot in the pipeline for the Sia network.

    Key milestones set to enhance network stability and performance include an upcoming hardfork dubbed Utreexo. The implementation for the hardfork as set in the RHP4 aims at enhancing network scalability and efficiency.

    As SC price rose, the amount of short liquidations increased. According to data from Coinglass, the last 24 hours had seen a total of over $64k in shorts liquidated.

    Meanwhile, Open Interest has increased 21% to $12.77 million amid the buy pressure.

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  • Solana integrates Filecoin to boost its blockchain; Bitcoin Dogs gains momentum

    Solana integrates Filecoin to boost its blockchain; Bitcoin Dogs gains momentum

    • Solana has partnered with Filecoin to boost its blockchain’s reliability and scalability.
    • Bitcoin Dogs has raised over $1.7 million as the crypto community flock to the world’s first ICO on Bitcoin.

    Solana is looking to bolster its blockchain network with a key partnership with decentralized storage platform Filecoin. Meanwhile, Bitcoin Dogs is storming through its presale as the crypto community takes note of its potential.

    Solana and Filecoin partner

    In one of the groundbreaking developments this week, Filecoin, the decentralized data storage marketplace and crypto platform, announced it had integrated with Solana, the blockchain network home to a bustling token ecosystem.

    Filecoin said in a statement that the collaboration will see Solana tap into Filecoin’s infrastructure to bolster the reliability and scalability of its network. The partnership comes a few days after Solana suffered an outage and is a major move that signals the blockchain platform’s focus on further traction. 

    Tapping into Filecoin’s decentralized storage solutions makes Solana’s block history not just more accessible, but also readily usable for the community, including indexers, explorers and infrastructure providers.

    By leveraging Filecoin’s decentralized storage capabilities, @solana can achieve data redundancy, scalability, and enhanced security while staying true to its decentralized ethos,” the Filecoin team said.

    Solana price

    Solana’s price rallied to highs of $118 despite the recent downtime and although its down 2.3% in the past 24 hours, its poised above the psychological $100. Analysts expect SOL to skyrocket in coming months alongside the broader altcoin market. Ethereum spot ETF approval in May could add to the tailwinds from Bitcoin’s halving to push the market higher.

    Bitcoin Dogs’s presale enthralls crypto investors

    Bitcoin Dogs is a new crypto project that’s currently storming through its presale, with over $1.6 million already raised less than 72 hours after the historic ICO launched.

    As detailed in their whitepaper, Bitcoin Dogs is a gaming and NFT platform set to lead the next growth era for Bitcoin Ordinals. With the Bitcoin Layer-2 ecosystem thriving amid projects such as Stacks, Bitcoin Dogs is coming in to open the landscape further with gaming, NFTs and BRC-20 tokens.

    $0DOG, the native Bitcoin Dogs token, is indeed the world’s first ICO on Bitcoin. The token will power the new project’s ecosystem, offering holders access to the 10K NFT Collection and Bitcoin Dogs Club. A blend of interactive gameplay, $0DOG rewards and fun all come to Bitcoin as the community shows their love for the beloved pets.

    A total of 900 million $0DOG tokens are minted, with the presale offering 90% or 810 million of the total supply to early bird investors. To capture the current momentum and build into its potential, the Bitcoin Dogs team has outlined a 10-stage ICO that will run for 30 days only.

    Is Bitcoin Dogs worth buying?

    The crypto investment community that hailed projects like Axie Infinity, Tamagotchi and BAYC, is excited about Bitcoin Dogs. In particular, investors see $0DOG as standing out from the rest for its pioneering ICO on Bitcoin and the potential to drive the gaming ecosystem on the flagship blockchain network.

    The outlook is more apparent given the prevailing market sentiment, with crypto on the cusp of a major rally led by Bitcoin. In this case, an early bet on $0DOG at the current presale values could be worth a huge return in coming months.

    Read more about $0DOG here.



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  • Should you buy Block stock on a boost to bitcoin revenue in Q1?

    Should you buy Block stock on a boost to bitcoin revenue in Q1?

    buy block stock bitcoin revenue q1
    • Block didn’t see an impairment loss on its bitcoin holdings in Q1.
    • Analysts at KeyBanc continue to see upside in its shares to $85.
    • Block stock is currently down about 5.0% versus the start of 2023.

    Block Inc says it did not see an impairment loss related to its bitcoin hoard in the first financial quarter. Shares are trading up in extended hours.

    Bitcoin price recovery helped

    The surge in BTC this year pushed the fintech company’s bitcoin revenue in Q1 to $2.16 billion – up 18% sequentially and a whopping 25% versus the same quarter last year.

    Gross profit from bitcoin holdings also increased 43% versus the previous quarter, as per its letter to shareholders. Block generated $770 million of total gross profit in its recently concluded quarter – up 16% on a year-over-year basis.

    The fair value of its position in bitcoin was $229 million as of March 31st versus the original purchase price of $220 million.

    Year-to-date, Block stock is down about 5.0% at writing.

    Should you buy Block stock now?

    Block ended the quarter with 20 million monthly active users on “Cash Card” – up 34%. Earlier this week, K33 analyst Vetle Lunde noted the similarity in how bitcoin is performing this year and how it recovered after the bear market of 2018-2019.

    If it continued on the same trajectory, he added, bitcoin could be worth as much as $45,000 in the coming weeks which could be a significant benefit to Block Inc both in terms of its financial performance as well as the share price.

    Those interested in buying Block stock today should also know that analysts at KeyBanc continue to see upside in it to $85 – up roughly 40% from here.

    Other notable bulls of the financial technology company include Cathie Wood – the Founder and Chief Executive of Ark Invest.

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