Japanese publicly-traded company Metaplanet has pivoted towards a bitcoin-centric investment strategy and is now sitting on an unrealized gain of around $36 million (5.46 billion yen) on its 1,761 BTC holdings.

Strategy, which recently rebranded from MicroStrategy, has announced a new $742.4 million bitcoin purchase, bringing its total BTC stash to 478,740 bitcoin purchased at an average price of $97,255 per coin.

Cryptocurrency asset manager Grayscale has filed to launch a spot exchange-traded fund (ETF) offering exposure to Cardano. NYSE Arca, a subsidiary of the New York Stock Exchange, submitted the proposal to the U.S. Securities and Exchange Commission.

Top stories in the Crypto Roundup today:

• Metaplanet Sees $36 Million Unrealized Gain on Bitcoin Holdings
• Strategy Resumes Bitcoin Accumulation With $742 Million Purchase
• Grayscale Files to Launch Spot Cardano ETF
• CoinDesk Launches Mobile App for Cryptocurrency News and Market Data

Metaplanet Sees $36 Million Unrealized Gain on Bitcoin Holdings

Japanese publicly-traded company Metaplanet has pivoted towards a bitcoin-centric investment strategy and is now sitting on an unrealized gain of around $36 million (5.46 billion yen) on its 1,761 BTC holdings.

The firm acquired its bitcoin for $137 million after shifting its treasury strategy in a way similar to Strategy, the firm formerly known as MicroStrategy and the largest corporate holder of the cryptocurrency.

Metaplanet has said that it increased its shareholder base by 500% to 50,000 last year. The firm has been increasing its bBTC holdings per share through debt issuance and equity issuance and is planning on adding 10,000 BTC by the end of this year, and 21,000 by the end of 2026 through the issuance of 21 million shares in moving strike warrants.

Strategy Resumes Bitcoin Accumulation With $742 Million Purchase

Strategy, which recently rebranded from MicroStrategy, has announced a new $742.4 million bitcoin purchase, bringing its total BTC stash to 478,740 bitcoin purchased at an average price of $97,255 per coin.

The recent acquisition raised the firm’s average purchase price to $65,033 and comes after Strategy halted its BTC accumulation in the week ended Feb. 2, likely over a blackout period during its earnings week.

Regulatory filings show the company’s latest BTC acquisition was financed through proceeds from the sale of shares and a perpetual preferred equity offering linked to Strike (STRK), a cryptocurrency-focused financial services firm.

For the fourth quarter of last year, the company reported a $3.03 net loss per share.

Grayscale Files to Launch Spot Cardano ETF

Cryptocurrency asset manager Grayscale has filed to launch a spot exchange-traded fund (ETF) offering exposure to Cardano. NYSE Arca, a subsidiary of the New York Stock Exchange, submitted the proposal to the U.S. Securities and Exchange Commission.

The proposed ETF would use Coinbase Custody Trust company as custodian for the assets and BNY Mellon Asset Servicing as administrator. NYSE Arca’s filing emphasizes the potential benefits of the listing, arguing it would “enhance competition among market participants.”

If approved, the Grayscale Cardano Trust would become the asset manager’s first standalone product offering exposure to the cryptocurrency.

CoinDesk Launches Mobile App for Cryptocurrency News and Market Data

Disclaimer: CoinDesk acquired CCData and CryptoCompare last year.

Leading cryptocurrency news outlet CoinDesk has announced the launch of the CoinDesk Mobile App, which is designed to bring users the latest cryptocurrency news, real-time market data, and expert insights.

The app allows users to set personalized alerts for market movements, crypto price changes, or breaking news through an intuitive user interface. On top of the outlet’s news coverage, it features insights from top analysts and crypto thought leaders, as well as its video offerings.

The CoinDesk Mobile App is available to download on iOS or Android.

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