Metaplanet Makes It Rain Bitcoin!

Metaplanet became the fifth-largest corporate Bitcoin holder after its latest purchase.

Here's what we've got for you today:

  • Metaplanet Surpasses Cleanspark with $108M Bitcoin Buy

  • Stablecoins and Crypto Cards Gain Ground in Europe’s Everyday Economy

  • BTC Could Surge as Youth Lose Faith in Traditional Finance

  • Arbitrum Jumps 17% on Speculation of Partnership with Robinhood

Metaplanet is now the fifth-largest corporate Bitcoin holder after its latest purchase.

  • Metaplanet surpassed Cleanspark as the fifth-largest corporate holder of Bitcoin after purchasing 1,005 BTC for $108 million.

  • The firm’s Bitcoin treasury is now valued at $1.45 billion, with an average purchase price of $97,832 per BTC.

  • Metaplanet CEO Simon Gerovich reported a 349% year-to-date BTC yield, with the latest buy averaging $107,601 per coin, putting the firm ahead of Tesla, Coinbase, and Block Inc. in holdings.

Stablecoins and crypto-linked cards are very quickly becoming integral to Europe’s financial landscape.

  • Stablecoins surpassed Visa and Mastercard in on-chain transaction volume by around 7%, becoming the internet’s fastest-growing and default settlement layer due to their speed, low cost, and 24/7 availability.

  • Major payment platforms like PayPal, Stripe, and Visa are integrating stablecoin rails through APIs from providers like Alchemy. This will allow for faster settlements while still maintaining familiar user experiences.

  • Crypto card usage is surging in Europe, with firms like Kraken, Mastercard, and Floki launching multi-asset debit cards.

Market strategist Jordi Visser argues that economic disillusionment among younger generations will erode faith in traditional capitalist models.

  • Market analyst Jordi Visser believes disillusionment among younger generations with capitalism and economic instability is fueling long-term support for Bitcoin.

  • He argues that governments will respond to rising public frustration with increased spending and money printing, which will only weaken trust in fiat currency.

  • Visser predicts this cycle of monetary expansion will drive Bitcoin’s price higher over time, and position it as a more trusted alternative to traditional financial assets.

Speculation has been growing online of a potential partnership between Arbitrum and Robinhood Markets.

  • Arbitrum’s token surged 17% due to speculation of an upcoming partnership announcement with Robinhood at a crypto event in Cannes, France.

  • A fireside chat featuring Vitalik Buterin, Robinhood Crypto’s Johann Kerbrat, and Arbitrum’s A.J. Warner is scheduled for Monday, and i sfueling expectations of a major reveal.

  • The rumors of a partnership stem from earlier reports that Robinhood was exploring blockchain platforms like Arbitrum and Solana to support US stock trading for European users.

👀 QUICK NEWS

MEME OF THE DAY

How did you like today's newsletter?

Login or Subscribe to participate in polls.

That’s it for today. Don’t forget to share Coinpaper Digest with your friends!