Tag: Stock

Bitcoin-focused Metaplanet slips 8% as it announces stock split

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Metaplanet shares dropped over 8% after the Japanese firm announced a 10-for-1 stock split to improve liquidity. Japanese investment firm Metaplanet’s shares fell 8.41% on over-the-counter markets following the the firm’s announcement of a stock split. The drop came after the board approved the move to increase the number of shares and lower the price per unit. In a Feb. 18 notice, Metaplanet said the stock split aims to improve liquidity and expand investor base. “[…] we have decided to conduct a stock split to lower the price per trading…

Metaplanet Announces Stock Split to Enhance Liquidity

On February 18, 2025, Japanese Bitcoin-standard company Metaplanet announced a stock split aimed at improving liquidity and expanding its investor base. Following a significant rise in stock price after a reverse split in August 2024, the company will split each share of common stock into 10 shares, effective April 1, 2025. This decision comes as […] Source CryptoX Portal

Report Claims Meme Stock Giant Gamestop Is Weighing Bitcoin Treasury Allocation

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Gamestop is rumored to be exploring allocations in bitcoin as it seeks to broaden its financial horizons, according to individuals with knowledge of the situation who spoke to CNBC. 3 Sources Say Gamestop Is Considering Bitcoin for Balance Sheet Expansion The videogame purveyor, Gamestop (NYSE: GME)—which soared to cult-favorite status during 2021’s retail trading frenzy—has […] Original

Metaplanet’s Bitcoin Strategy Turns It Into Japan’s Fastest-Rising Stock

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Metaplanet has become Japan’s hottest stock, surging 3,600% after pivoting to Bitcoin. With 1,762 BTC and a bold 21,000 BTC target, it’s Asia’s top BTC play. Metaplanet Inc. has become Japan’s fastest-rising stock, surging more than 3,600% over the past 12 months as the country experiences a surge in Bitcoin (BTC) demand. Best performing Japanese stocks over the last 12 months | Source: TradingView The company, originally a hotel developer, pivoted to a Bitcoin-first strategy in early 2024 after pandemic-related struggles forced it to close most of its properties. Now,…

BlackRock boosts stake in Strategy stock to 5% amid Bitcoin push

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BlackRock has raised its stake in Strategy (formerly MicroStrategy) to 5%, according to a Feb. 6 filing with the U.S. Securities and Exchange Commission.  The firm now holds approximately 11.2 million shares, up from 4.09% in September 2024. Following the disclosure, Strategy’s stock rose 2.8% in pre-market trading, reaching $331.90 per share. Strategy remains the largest corporate holder of Bitcoin (BTC), with 471,107 BTC worth about $48 billion.  Despite reporting a $670 million net loss in Q4 2024, the company continues to pursue its “21/21 Plan,” which aims to raise…

New York Stock Exchange Files with SEC To Convert Grayscale’s XRP Trust Into Spot Exchange-Traded Fund

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A subsidiary of the New York Stock Exchange wants to convert Grayscale’s XRP Trust into a spot exchange-traded fund (ETF). The ETF and securities exchange NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) to propose the rule change. Grayscale, a crypto asset manager, believes converting the trust into an ETF “would provide other investors with a way to invest in XRP on a regulated national securities exchange,” according to NYSE Arca’s filing. The XRP trust has nearly $16.2 million worth of assets under management (AUM) at time…

Microstrategy stock offering oversubscribed 3x as ‘Bitcoin Effect’ continues

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MicroStrategy’s recently-announced perpetual convertible preferred stock offering has been oversubscribed by nearly 3 times the expected volume of 2.5 million shares. An automated alert sent out by Fidelity Investments on January 30, 2025 revealed that $STRK raised at least $584 million as against the expected $200 million, with a final offering size of 7.3 million shares priced at $80 each. The strong share offering performance extends the company’s winning streak under the leadership of chairman Michael Saylor whose famously all-in approach to Bitcoin (BTC) investment has seen MicroStrategy amass $30.4…

Norway boosts Bitcoin exposure via MicroStrategy stock

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Norway’s central bank holds over $500 million in indirect Bitcoin exposure through investments in MicroStrategy and other cryptocurrency-focused companies. According to K33 Research, Norway’s indirect exposure to Bitcoin (BTC) has nearly tripled over the past 12 months due to increased allocations to crypto-related firms. Vetle Lunde, K33 head of research at K33, wrote that the Norway Sovereign Wealth Fund holds 0.72% of MicroStrategy’s total shares, valued at approximately $514 million as of December 2024. This investment translates to indirect exposure of around 3,214 Bitcoin. While Norway’s central bank has invested…

CySEC Proposes Initiatives to Attract Start-ups and Bonds to Cyprus Stock Exchange

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The Cyprus Securities and Exchange Commission (CySEC) has launched an initiative to enhance the Cyprus Stock Exchange (CSE) in order to restore its role as a key driver of economic development in Cyprus. A roundtable discussion on the topic, “Strengthening the Cyprus Stock Exchange,” took place at CySEC’s offices. Various stakeholders attended and presented proposals aimed at revitalising investor interest, attracting new companies, and increasing the number of investment products on the CSE. “A healthy stock exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse…