Bitcoin has been given yet another overwhelming vote of confidence as a premier treasury asset.
Metaplanet, a Japanese Bitcoin treasury company, recently announced an ambitious plan to raise $5.4B worth of $BTC by 2027 EOY. The company has already collected over $517M within 24 hours.
That’s where the company’s new 555M plan fits in. Like Strategy, Metaplanet is embarking on what it claims to be Asia’s largest-ever public equity capital raise.
And that entails issuing 555M shares at $9.59 each. In the first tranche, it has already issued 54M shares, which raised $517.8M on day one.
Bitcoin treasuries raising funds to buy $BTC is a no-brainer, but it’s not only fintechs that are jumping on the bandwagon. A Norwegian mining company has announced that it too is establishing a Bitcoin treasury, making digital assets a core part of its financing strategy.
Green Minerals, which specializes in deep sea mining and sustainable mineral extraction, has announced plans to invest up to $1.2B (with the help of partners) to establish a Bitcoin treasury.
The treasury will support its core mining projects as the company continues to implement blockchain technology for greater transparency across its supply chain, as well as for certification and efficiency.
The signs are clear – more governments and companies are setting up Bitcoin treasuries. That’s a definitive motion of confidence in $BTC as a legitimate store of value, and not merely a speculative asset.
And we expect the boost in market credibility – across the entire crypto space – will attract even more institutional and retail investors.
The growing attention given to Bitcoin is sparking interest in other corners of the crypto market, and that includes the world of meme coins.
Bear in mind that, while $BTC leads with utility and scarcity, meme coins thrive on culture, viral momentum, and community backing. Still, in this shifting landscape, some meme coins are standing out more than others – not for laughs, but for their innovative investor incentives.
The meme coins designed to support, champion, or improve Bitcoin are particularly noteworthy.
That in itself makes $BTCBULL a very attractive investment. Token burns are also included in the $BTCBULL roadmap (when $BTC hits $125K, $175K, and $225K).
By reducing the available token supply, BTC Bull Token’s increasing scarcity is likely to drive up its price after listing.
Right now, $BTCBULL is still on presale, with $7.38M+ already raised. However, there are less than five days to go before the ICO ends.
The unpredictable and ever-changing cryptoverse is an exciting place to be right now. And with institutional adoption of Bitcoin at an all-time high, we’re here for it.
As always, though, be sure to DYOR before making any investment. We deliver regular crypto market news and updates, but we’re not financial advisors. The crypto market remains highly volatile and unpredictable.
