Public Keys: Strategy Eyes Domination, Metaplanet Bitcoin Barrage, and Coinbase XRP Boost
Main Idea
Metaplanet announces a $3.7 billion Bitcoin buying spree aiming to hold 210,000 BTC by 2027, while Coinbase reports a revenue dip with XRP outperforming Ethereum in trading.
Key Points
1. Metaplanet plans to raise $3.7 billion through a preferred stock offering to buy Bitcoin, targeting 210,000 BTC by 2027.
2. Metaplanet's share price has surged 207% year-to-date and 313% over the past year, but dropped 7.65% on the day of the announcement.
3. Coinbase reported $1.5 billion in Q2 revenue, a 25% decline from the previous quarter and below analyst forecasts of $1.59 billion.
4. XRP outperformed Ethereum in trading on Coinbase during Q2, according to the company's shareholder letter.
5. Bernstein analysts maintain an outperform rating for Coinbase with a $510 price target, citing improving crypto market structure and trading volumes.
Description
MicroStrategy aims to have the biggest corporate treasury stash ever—Bitcoin or otherwise—while Metaplanet raises $3.7 billion for its BTC buying spree.
Latest News
- Bitcoin, Ethereum and XRP Sink as Crypto Liquidations Top $900 Million2025-08-01 21:10:20
- Public Keys: Strategy Eyes Domination, Metaplanet Bitcoin Barrage, and Coinbase XRP Boost2025-08-01 20:22:45
- Ancient Bitcoin Whale Moves Millions in BTC After 12 Years2025-08-01 20:02:04
- Crypto Rally Stalls as Dogecoin Tanks and Bitcoin Tests Key Support: Analysis2025-08-01 19:26:07
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