Bitcoin News: Metaplanet Solidifies Position as 9th-Largest Corporate Bitcoin Holder

In a significant move in the corporate Bitcoin space, Metaplanet has acquired a substantial amount of BTC, pushing it into the ninth spot among the largest corporate holders globally.

Metaplanet Becomes 9th-Largest Corporate Bitcoin Holder

Metaplanet has acquired 696 BTC, valued at approximately $67.8 million, boosting its total Bitcoin holdings to 4,046 BTC. This move cements its position as the ninth-largest corporate Bitcoin holder globally, surpassing firms like Bitcoin Group and Semler Scientific. The aggressive actions follow the issuance of 2 billion yen in 0% ordinary bonds to purchase more BTC and its stock addition to BetaShares’ Crypto Innovators ETF. Simon Georgvich, CEO of Metaplanet, expressed pride in the growing institution’s Bitcoin treasury.

Hut 8 Mining May Acquire Hyperscaler, Clear Street Says

Bitcoin miner Hut 8 (HUT) could potentially acquire a hyperscaler, according to a report by broker Clear Street. Hut 8 has formed a new subsidiary, American Bitcoin Corp., in partnership with the Trump family. The broker noted that while the new unit will be included in Hut 8’s financials, the businesses could be separated, allowing Hut 8 to focus on high-margin data center hosting revenue. Hut 8 is expected to secure more power and expand its data center hosting business. Eric Trump and Donald Trump Jr. are merging their firm, American Data Centers, with American Bitcoin, taking a 20% stake in the company, while Hut 8 will own the remaining 80%. Bitcoin (BTC) was not directly mentioned in the report, but the news could have implications for the cryptocurrency’s mining and hosting sector.

Tether Increases Bitcoin Holdings to 92,646 BTC

Stablecoin issuer Tether has increased its Bitcoin holdings to 92,646 BTC by purchasing 8,888 BTC for $735 million in Q1 2025. This purchase aligns with Tether’s plan to allocate 15% of its quarterly profits to buying Bitcoin. At the current Bitcoin price of just above $83,000, Tether’s Bitcoin stack is worth $7.7 billion. The company’s USDT stablecoin is the world’s largest with a $143 billion market cap, and it generated $13 billion in profits last year primarily from interest on its holdings of U.S. Treasuries backing USDT.

Bitcoin Policy Institute Proposes $2T Bit Bonds to Slash U.S. Debt

The Bitcoin Policy Institute has proposed a plan to issue $2 trillion worth of Bit Bonds, a new type of Treasury Bond linked to Bitcoin. The proceeds from these bonds will be used to reduce federal debt and fund the Strategic Bitcoin Reserve. The bonds offer 1% interest with Bitcoin-linked returns for investors. The U.S. aims to integrate Bitcoin into sovereign finance by 2035, making this an innovative framework to minimize the national debt. 90% of the bond proceeds will finance the federal budget, while 10% will be used to purchase Bitcoin for the reserve, without additional burden to taxpayers.

Institutional Investment Hype vs Fears of Market Corrections—Here’s What May Dominate the Bitcoin (BTC) Price Rally

The crypto markets are coping with the latest bearish trend, but Bitcoin bulls have managed to elevate levels above $84,000. Despite the token’s uncertainty, institutions remain highly optimistic. BlackRock’s CEO believes Bitcoin could replace the dollar, while MicroStrategy accumulates more BTC. However, the bulls are failing to attract the required momentum to sustain the rally.