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  • Neptune adds 20 BTC to Bitcoin strategy, also buys 1m DOGE

    Neptune adds 20 BTC to Bitcoin strategy, also buys 1m DOGE

    • Canadian blockchain firm Neptune Digital Assets announced it purchased 20 BTC worth almost $2 million.
    • The company also bought Dogecoin, scooping the meme coin on December 27, 2024 at the average price of $0.37 per DOGE.

    Neptune Digital Assets, a Canada-based blockchain firm, has announced it added 20 Bitcoin (BTC) to its holdings.

    The publicly-traded company, whose operations include Bitcoin mining, staking and blockchain nodes, revealed it acquired the 20 BTC as it expanded its Bitcoin strategy between January 26 and Feb. 3, 2025.

    Neptune also buys Dogecoin

    According to a press release, Neptune scooped the BTC at the average price of $99,833 per coin. This means the company spent nearly $2 million to buy more of the flagship digital asset. Neptune’s total BTC holdings rose to 376 BTC with this purchase.

    Neptune is one of over 60 public companies that can issue debt and use the proceeds to buy BTC. The biggest hodler among these is US-listed MicroStrategy.

    Dogecoin is the other cryptocurrency to attract the blockchain firm. Per the announcement on Feb 4, the company acquired 1 million DOGE on December 27, 2024 at the average price of $0.37 per token. Neptune said it bought the meme coin via a “strategic derivative purchase.”

    “As stated in previous news releases, Neptune will be acquiring additional assets, leveraging our enhanced purchasing power through the Sygnum credit line. With a strong focus on BTC, these initial acquisitions show Neptune’s commitment to its growth strategy while meticulously managing leverage risk and debt levels,” Cale Moodie, Neptune’s chief executive officer, said in a statement.

    Both Bitcoin and Dogecoin have experienced sharp volatility in the past few days, with BTC and DOGE plummeting on Monday amid tariffs-driven sell-off across risk assets.

    BTC fell to lows of $92k before bouncing to retest resistance above the psychological $100k level. Currently, the benchmark asset trades just above $99,400.

    Meanwhile, DOGE slumped to below $0.22 and currently hovers near $0.27.

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  • Italy’s largest bank, Intesa Sanpaolo, buys $1M Bitcoin

    Italy’s largest bank, Intesa Sanpaolo, buys $1M Bitcoin

    Italy's largest bank, Intesa Sanpaolo, buys $1M Bitcoin
    • Intesa Sanpaolo Bank buys $1 million in Bitcoin
    • The bank is the first Italian bank to invest in crypto
    • The move is a low-risk experiment with digital assets in preparation for potential client demand

    In a pioneering move for Italy’s financial sector, Intesa Sanpaolo, the country’s largest bank, has ventured into the cryptocurrency market by purchasing $1 million worth of Bitcoin (BTC).

    This acquisition marks a significant milestone as the first direct cryptocurrency purchase by a major Italian bank, reflecting the growing acceptance of digital assets in traditional finance.

    A test in preparation for potential client demands

    The transaction, which netted Intesa Sanpaolo 11 Bitcoin, underscores a cautious yet optimistic approach towards cryptocurrencies.

    According to an internal memo and subsequent reports by Reuters, this investment is seen as an experiment within the bank’s vast portfolio, which includes over $100 billion in securities.

    The bank’s CEO Carlo Messina described the purchase as a test, emphasizing the minimal risk involved due to the relatively small amount compared to the bank’s total assets.

    Messina further elaborated that this move is not just about dipping toes into the digital asset pool, but also about preparing for potential client demands. “This shows there can be some attention to digital channels, but with very limited investment amounts,” he commented.

    Such a strategy could signal to other financial institutions that there’s room for cryptocurrencies in traditional banking, especially if sophisticated clients show interest in these novel investment options.

    Intesa betting on a favorable crypto environment in 2025

    The timing of this investment is noteworthy. Following the US approval of its first crypto-based ETF at the start of 2024 and the election of a pro-crypto US government-in-waiting at the end of the year, Bitcoin’s price soared to unprecedented heights, reaching six figures by late 2024.

    With expectations of favorable regulatory changes under the new US administration led by President-elect Donald Trump, the market anticipates further growth in 2025. Intesa Sanpaolo’s move could be seen as strategic, capitalizing on what many consider an opportune entry point into the cryptocurrency market.

    This groundbreaking step by Italy’s leading bank not only highlights a shift towards embracing digital assets, but also sets a precedent for other banks in Italy and potentially across Europe to consider cryptocurrencies as part of their investment strategies.

    As the financial world watches, this could lead to more integrated and innovative services blending traditional banking with the burgeoning world of digital currencies.

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  • MicroStrategy buys 2,138 BTC to bring stash to 446,400

    MicroStrategy buys 2,138 BTC to bring stash to 446,400

    • MicroStrategy has added to its Bitcoin holdings with another 2,138 BTC purchase
    • This is the eighth consecutive week that the US-listed company has purchased Bitcoin
    • MicroStrategy’s announcement comes a day after Michael Saylor posted the company’s BTC tracker.

    MicroStrategy, the world’s largest publicly-traded holder of Bitcoin (BTC), has announced purchase of the flagship digital asset.

    The company, whose BTC buying spree has seen it become known as a Bitcoin development company, revealed the latest purchase on Dec. 30.

    MicroStrategy buys BTC again

    In the announcement, the company disclosed its eighth consecutive week of BTC acquisition involved the scooping of 2,138 bitcoins for $209 million. The company used funds from its at-the-market share sales, which currently stands at over $6.88 billion.

    Michael Saylor, the founder and executive chairman of MicroStrategy, had posted the company’s BTC tracker on Dec. 29, leading to speculation about today’s announcement.

    For its most recent BTC acquisition, MicroStrategy spent approximately $97,837 per BTC. With this purchase, MicroStrategy has extended its lead as the world’s largest holder of Bitcoin among publicly traded companies. It now hodls 446,400 BTC, acquired for a total of $27.9 billion and at the average purchase price of $62,428 per bitcoin.

    In total, the company has seen a BTC Yield of 47.8% quarter-to-date and 74.1% year-to-date.

    Despite the buying, Bitcoin price remained negative on the daily and weekly time frames, trading around $93,114 at the time of writing. Per CoinMarketCap, BTC was down 1.8% in the past 24 hours and 2.6% in the past week.

    Meanwhile, the MicroStrategy stock, which rose sharply amid the company’s joining of the Nasdaq 100, was down 13.3% in pre-market trading. MSTR closed at $330 on Dec. 27 but hovered around $319 at 8:30 ET on Dec. 30.

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  • MicroStrategy buys 27,200 BTC worth over $2 billion; Bitcoin spikes above $84k

    MicroStrategy buys 27,200 BTC worth over $2 billion; Bitcoin spikes above $84k

    MicroStrategy, the business intelligence company founded by Michael Saylor that;s now the biggest corporate holder of Bitcoin (BTC), has added to its haul of the digital asset.

    On Monday, Saylor announced that the publicly-traded company had acquired another 27,200 BTC for over $2 billion. The news coincided with the surge in Bitcoin price – which reached a new all-time high above $84k.

    Earlier, the world’s largest and most popular cryptocurrency had traded to above $82k. This follows sentiment from the Donald Trump election victory, which continues to create a bullish buzz.

    MicroStrategy its $22 billion in BTC purchases

    The latest Bitcoin purchase for MicroStrategy comes after the company raised $2.03 billion. Earlier, MicroStrategy had revealed plans to raise $42 billion to buy more bitcoins – a scenario that has added to the overall bullish sentiment around the benchmark cryptocurrency.

    Saylor said his company spent these proceeds on buying an additional 27,200 BTC. With this acquisition, which was finalized at the average price of $74,463, MicroStrategy now has a total of 279,420 bitcoins.

    In total, the company has spent $11.9 billion to buy BTC at the average price of $42,692 per coin. At current price of $84,153, MicroStrategy’s Bitcoin holdings amount to over $23.5 billion.

    The BTC has achieved a yield of 7.3% quarter to date and 26.4% year-to-date.

    “Our MSTR treasury operations in the first 10 days of November resulted in a BTC Yield of 7.3%, a net benefit to our shareholders of ~18,410 BTC,” Saylor posted on X.

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  • Japan’s Metaplanet buys $7M Bitcoin, now holds to $40.5M BTC

    Japan’s Metaplanet buys $7M Bitcoin, now holds to $40.5M BTC

    Japan’s Metaplanet buys $7M Bitcoin
    • 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 has invested 6 billion Japanese yen into Bitcoin over the past few months. Its consistent buying behaviour has drawn comparisons to MicroStrategy, the American company known for its own large-scale Bitcoin acquisitions.

    This most recent purchase has led to a surge in Metaplanet’s stock price, which climbed more than 11% on October 7, reaching an intraday high of 1,047 Japanese yen (approximately $7). The company’s stock has more than tripled in value since the start of the year, with a 544% year-to-date gain, although it is still trading at a 66% discount from its all-time high in May 2024.

    In addition to direct Bitcoin purchases, Metaplanet has employed options strategies to increase its reserves. Last week, the company acquired Bitcoin worth $1.4 million through options trading, selling put options with a strike price of $62,000. These options, set to expire on December 27, 2024, generated a premium of 23.97 BTC, which the company recognized as revenue.

    Market analysts remain optimistic about Bitcoin’s trajectory, with predictions suggesting it could rise to $77,700 by the end of October. As Bitcoin continues its upward momentum, Metaplanet’s ongoing acquisition strategy could further solidify its position as a leading player in the cryptocurrency space.

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  • Whale dumps $3 million worth of INJ and buys LDO

    Whale dumps $3 million worth of INJ and buys LDO

    An image of a whale’s tail in the ocean
    • The whale sold over 150k Injective (INJ) tokens worth over $3.29 million.
    • According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million.
    • INJ price dipped slightly while LDO rose

    A whale has sold a significant amount of Injective (INJ) and bought more Lido DAO (LDO) tokens.

    On Wednesday, Sept. 25, Lookonchain shared on-chain details that showed the whale dumped 150,428 INJ valued at $3.29 million. The whale swapped the INJ for 2.44 million LDO valued at more than $3.05 million.

    Per Lookonchain, the whale sold their INJ for LDO via crypto liquidity provider Cumberland.

    Injective price

    Injective (INJ) is layer 1 blockchain decentralized finance applications. The Binance and Mark Cuban-backed interoperable L1 blockchain currently ranks as the 49th largest cryptocurrency by market at $2.1 billion.

    The price of Injective’s native token fell 3% to trade near $21.24. INJ trading lower also saw weekly gains shrink to around 14%, while Injective is now down 1.4% in the past month. Notably, INJ reached highs of $22.70 on Tuesday, hitting the resistance level seen on August 24.

    INJ price however reached $52.62 on March 14, 2024 and its currently positioned nearly 59% off that level.

    Lido DAO price

    With the LDO purchase, the whale’s showing their bullish projection for Lido. Growth for the decentralized finance platform – a market leader in Ethereum staking – may be among catalyst.

    The Lido DAO price was up 2.6% in the past 24 hours to change hands at highs of $1.29 earlier in the day. LDO is among the top gaining tokens with +29.7%  this past week.

    LDO price was at $1.26 at the time of writing.

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  • South Korea’s national pension fund buys $34M of MicroStrategy shares

    South Korea’s national pension fund buys $34M of MicroStrategy shares

    The National Pension Service, South Korea’s national pension fund, has reported purchases of nearly $34 million in MicroStrategy shares.

    NPS is South Korea’s largest public pension fund and the third-largest in the world with over $729 billion worth of assets.

    Wu Blockchain shared the news via X:

    Details filed with the US Securities and Exchange Commission indicate the NPS acquired 245,500 of MicroStrategy shares at a total of $33.5 million. The filing relates to the fund’s investments in the quarter ending June 30, 2024.

    According to news outlet Infomax, the National Pension Service’s investment in shares of the US-based MicroStrategy accounts for 0.04% of the fund’s total investment in US stocks.

    Apart from MSTR, the fund also holds more than $51 million in Coinbase shares, $31.5 million in Roblox and over $61 million in shares of Block, Inc. The fund also holds shares of AI-chip powerhouse Nvidia, and tech giants Google and Microsoft.

    MicroStrategy shares up 92% YTD

    While the MicroStrategy stock has plummeted 20% as the crypto market struggles with choppy conditions. Despite falling from highs of $180 in mid-July to currently around $131, MSTR remains more than 92% up year-to-date.

    MicroStrategy, as well as top crypto related companies such as Coinbase, are largely bullish amid growth and projections for Bitcoin. For Michael Saylor-led MicroStrategy, part of the success has come after adopting the strategy of adding BTC to its balance sheet.

    MSTR has soared alongside Bitcoin since MicroStrategy first bought BTC in 2020, the latest surge coming amid Bitcoin’s push to reclaim $60k.

    Saylor said in a recent post on X that MSTR has outperformed 499 of the 500 stocks in the S&P 500.

    The company acquired an additional 12,222 BTC in Q2, 2024, adding more than $805 million in BTC to its haul. Currently, MicroStrategy holds 226,500 BTC worth over $13 billion.

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  • MicroStrategy buys another $56.4 million worth of Bitcoin

    MicroStrategy buys another $56.4 million worth of Bitcoin

    • MicroStrategy reportedly bought approximately 2,500 BTC between 1 November and 24 December, 2022.
    • The company now holds 132,500 BTC acquired for approximately $4.03 billion.
    • MicroStrategy did however sell 704 BTC for $11.8 million on 22 December for what it termed as tax benefits.

    MicroStrategy, a publicly traded company that’s the world’s largest corporate holder of Bitcoin, has reported buying more of the flagship cryptocurrency even as the market hit turbulence beginning early November.

    As per the filing submitted on 28 December to the US Securities and Exchange Commission (SEC), MicroStrategy says it purchased an additional 2,500 bitcoins between 1 November and 24 December, 2022. 

    Altogether, the software analytics and business intelligence firm purchased Bitcoin worth approximately $56.4 million in nearly two months and $4.03 billion in total.

    MicroStrategy now holds 132, 500 bitcoins

    As crypto navigated the turmoil caused by FTX’s collapse that had crypto price tapping new multi-year lows, MicroStrategy saw an opportunity to buy Bitcoin. In short, the company added 2,395 bitcoins worth $42.8 million to its holdings between 1 November and 21 December, 2022.

    The total BTC acquisition in this period cost the firm $42.8 million at an average purchase price of $17,871 per coin.

    On 22 December, 2022, MicroStrategy sold 704 bitcoins for $11.8 million. According to the company, the sale was at an average price of $16,776 per coin. Although the sale was at a loss, the company plans to offset the capital losses against capital gains made earlier.

    Despite the BTC sale, MicroStrategy went to the market again on 24 December 2022. It bought another 810 bitcoins at an average price of $16,845 and for a total outlay of $13.6 million. By 27 December 2022, the company had added 2,500 bitcoins at a total cost of $56.4 million. 

    As of this report, MicroStrategy had increased its Bitcoin holdings from 130,000 BTC at the end of October to 132,500 bitcoins by 27 December, 2022.

    The recent purchases means MicroStrategy has spent $4.03 billion on acquiring BTC since its first purchase in 2020. The coins’ average purchase price currently stands at $30,397 per bitcoin. 

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  • October’s Largest Whale Buys ~4 Trillion Tokens Worth $43 Million

    October’s Largest Whale Buys ~4 Trillion Tokens Worth $43 Million

    A mysterious and unidentified Shiba Inu whale purchased nearly 4 trillion SHIB tokens worth a staggering $50 million on Thursday. The transaction can be called the biggest whale transfer recorded in October 2022 for SHIB. The anonymous address picked up 3,914,263,607,418 Shiba Inu tokens for $42,704,615.

    You can go through the enormous SHIB transaction details from Etherecan.io here.

    Also Read: $1,000 Investment in Shiba Inu Turns Into $19 Million in October 2022

    Source: Etherscan.io

    The identity of the whale remains to be a mystery and the reason for the large purchase is unknown. It is not known if the whale is taking an early entry position before the Shibarium documentation release.

    Source: Etherscan.io

    The ETH-rich list has been splurging on Shiba Inu since mid-2021, and the trend didn’t slow down even during the bear markets this year. Both whales and retail investors alike believe SHIB can deliver the desired financial results in the long run. This blind faith in the token alone is what’s keeping SHIB afloat in the markets despite the harsh conditions.

    Also Read: Will Shibarium Burn 100 Trillion Tokens? Shytoshi Responds

    Just recently, another whale picked up nearly 166 billion SHIB tokens worth $1.87 million. You can read more details about the whale transactions in October 2022 here.

    In addition, another whale moved nearly 3.3 trillion SHIB tokens on Wednesday. The exact reason for the transfer is unknown and it’s unclear whether the whale transferred or dumped the tokens. You can read more details about the 3.3 trillion SHIB token transaction here.

    Also Read: Can Shiba Inu Make You A Millionaire By 2030? Here’s Your Answer

    Shiba Inu: The Tale of Shibarium & Bone

    Shiba Inu
    Source: Pixabay

    Shiba Inu is attracting buying pressure as investors are keen on taking an early entry position before the Shibarium layer-2 network’s release. Shibarium’s governance token Bone outperformed SHIB in price jumping 23% this week, while Shiba Inu was up only 10%. Bone will be used as gas on the Shibarium network making it get an important use case in the ecosystem.

    Therefore, both Shiba Inu and Bone are rallying in the hopes of a Shibarium documentation release. However, the tentative release date for Shibarium documentation remains to be unknown. Unification, the firm that building the L2 network confirmed in the blog post that Shibarium will be out “sometime shortly thereafter” post Q3 of 2022.

    Also Read: ShibaEternity Criticized by Community, Ask For Shibarium Instead

    At press time, Shiba Inu was trading at $0.00001085 and is up 4% in the 24 hours day trade. On the other hand, Bone was trading at $1.10 and is up 6.3% in the day’s trade.



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  • Gokhstein buys huge stake in Shiba Inu because no “SHIB killer” will ever beat the real project

    Gokhstein buys huge stake in Shiba Inu because no “SHIB killer” will ever beat the real project

    • David Gokhstein showed he is unwilling to dive into the Shiba Inu competitor THE Protocol, buying huge SHIB coins.
    • THE Protocol emerged from a jibe by Ethereum founder Vitalik Buterin and is gaining traction as a potential SHIB-killer.

    Last week, a tweet by Vitalik Buterin led to the birth and fast growth of THE Protocol, in competition to memecoin Shiba Inu (SHIB). However, some die-hard supporters of SHIB continue to back the crypto without any plans of switching their preferences to THE coin.

    Prominent cryptocurrency influencer and the founder of Gokhshtein Media, David Gokhstein showed he is unwilling to dive into the Shiba Inu competitor. Instead, he doubled down on his support for the memecoin SHIB.

    Expressing his undying support for Shiba Inu (SHIB), Gokhstein said that he would stick to the canine-themed cryptocurrency. Furthermore, he added that he has zero interest in the supposed SHIB killed “THE” coin. “I’m sticking with $SHIB — not interested in $THE at all,” he wrote. But this doesn’t mean that Mr. Gokhstein isn’t interested in any other memecoin in the market. In one of his other tweets, he writes:

    Give me a meme token that has an actual roadmap, use-case and even a working product. I’m looking to throw $1,000 into something right now. Give me the next $SHIB.

    Also, this is not the first time that Gokhstein has been publicly backing the SHIB cryptocurrency. In the past, the memecoin enthusiast has frequently shared his predictions for SHIB on Twitter. Earlier this month, Gokhstein said that Shiba Inu will have a parabolic rally in its next bull run. Before that, he had also expressed regret for not going all in Shiba Inu while investing in the memecoin. “When it came to meme tokens, I should have just [gone]all in on SHIB,” he said.

    Launch of THE Protocol

    Last week, Ethereum founder Vitalik Buterin took a jibe at new crypto projects stating that protocols often use THE to gain traction in the market. He jokingly said that someone should be creating a project named THE Protocol.

    A few days later, an ERC20 protocol THE Protocol (THE) came into existence. Memecoin $THE came into existence by drawing a leaf from the Shiba Inu playbook and many talked about it as the next SHIB-killer.

    THE Protocol also gifted Buterin 100 million THE memcoins or 10 percent of THE coins in circulation. Soon after the creation of THE, its value propelled by 1000 percent the next day. However, it has lost much of its value since then.

    While the launch of THE Protocol as a SHIB-killer managed to stir up some momentary interest in the memecoin, Shiba Inu is holding strong. The Shiba Inu ecosystem has seen some interesting developments in recent times. Recently, Shiba Inu secured a second rank as a Web3 security leaderboard, after Polygon. On the other hand, Canada-based crypto payment gateway, FCFPay allows users to pay for their Netflix and Amazon subscriptions in SHIB crypto.



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