Metaplanet Aims to Double Bitcoin Holdings to 10K BTC Amid Growing Investor Confidence

Metaplanet, Asia’s largest publicly listed Bitcoin holder, has announced ambitious plans to more than double its current Bitcoin holdings from 4,855 BTC to 10,000 BTC over the next year. CEO Simon Gerovich highlighted the company’s long-term growth strategy, prioritizing sustainable expansion over short-term gains. This move comes as Metaplanet’s investor base has grown sixfold since 2021, reflecting heightened trust in the firm’s vision. Meanwhile, Riot Platforms has secured $100 million in Bitcoin, further underscoring the growing institutional interest in the cryptocurrency. As of May 8, 2025, these developments signal a bullish outlook for Bitcoin’s future in the financial sector.

Metaplanet CEO Aims to Double Bitcoin Holdings to 10K BTC

Metaplanet, Asia’s largest publicly listed Bitcoin holder, plans to more than double its current inventory of 4,855 BTC over the next year. CEO Simon Gerovich emphasized the company’s focus on long-term growth rather than short-term returns, addressing shareholder concerns about stock price volatility. Metaplanet’s investor base has grown sixfold since 2021, indicating increased confidence in the firm.

Riot Platforms Secures $100M Bitcoin-Backed Credit Facility from Coinbase

Riot Platforms, a Bitcoin mining firm, has announced a $100 million credit facility from Coinbase Credit, a subsidiary of Coinbase Global. The facility provides Riot with capital for strategic growth without issuing new equity, preserving shareholder value. The loan bears interest tied to the federal funds rate and will be used to support key initiatives and general corporate needs. This credit facility is a key part of Riot’s financing strategy, offering non-dilutive funding at an attractive cost.

Michael Saylor Believes New SEC Chair Paul Atkins Will Be Positive for Bitcoin

Michael Saylor, founder of MicroStrategy, expressed strong Optimism about newly appointed SEC Chair Paul Atkins, citing his commitment to establishing clear regulatory frameworks for digital assets. In a video shared on April 22nd, Saylor highlighted Atkins’ swearing-in remarks, where the regulator pledged a "rational, coherent, and principled" approach to crypto oversight. The endorsement aligns with Saylor’s longstanding advocacy for Bitcoin, which he has repeatedly called a superior store of value. Atkins’ promise to maintain the U.S. as the world’s most secure digital asset market signals a potential shift from the SEC’s historically adversarial stance. Market observers now await concrete policy moves, particularly around spot Bitcoin ETF approvals and custody rules.

Bitcoin Surges, Diverging from Traditional Markets

Bitcoin prices have increased by 6.5% in the last 24 hours, reaching $93,549. This surge occurs as Bitcoin breaks its historical link with tech stocks. Eric Balchunas, a Bloomberg Senior ETF Analyst, noted that Bitcoin has outperformed treasury bonds and gold in current market trends. While gold dropped 0.983 points, Bitcoin continued its upward trajectory. Balchunas emphasized that Bitcoin must continue to perform well in these short-term market movements to solidify its position.

Bitcoin Reclaims STH Cost Basis Level

Bitcoin has surged past $90,000, defying global economic turbulence and signaling renewed bullish momentum. Geopolitical tensions between the US and China, coupled with inflationary pressures, continue to roil traditional markets—yet crypto investors are betting on a sustained rally. On-chain metrics from Glassnode reveal a critical inflection point: Bitcoin has breached the Short-Term Holder realized price, a key threshold that often precedes upward momentum. Recent buyers, who acquired BTC at lower levels, are now in profit—a psychological catalyst that could fuel further gains. The market’s resilience suggests growing conviction among traders, even as macro uncertainties linger.

Bitcoin Surges 6.5% Despite Falling Demand

Bitcoin defies lackluster market conditions with a 6.54% surge to $93,684, even as demand wanes and liquidity tightens. The rally persists against the odds, buoyed by a fresh $1 billion USDT injection that may cushion the market. CryptoQuant data reveals dwindling investor appetite for Bitcoin, yet the cryptocurrency climbs higher—a paradox underscoring its unpredictable nature. AMBCrypto examines how shifting sentiment around demand and liquidity could shape Bitcoin’s trajectory in the coming weeks. The market moves without clear catalysts, leaving analysts to parse thin volumes and institutional whispers for clues.