Bitcoin
Why Bitcoin is up 1.3% in the last hour
Analysis
Bitcoin rose 1.3% over the past hour as traders reacted to fresh headlines pointing to continued institutional and sovereign accumulation. Bitcoin Magazine and The Block reported that Metaplanet is targeting up to a $137 million raise to expand its bitcoin treasury, reinforcing demand expectations.
Contributing Factors (3)
El Salvador's central bank buys $50 million of gold as government keeps adding bitcoin
The bitcoin-friendly nation's central bank now holds over $360 million of the yellow metal, while the government, led by President Nayib Bukele, has bitcoin holdings worth $635 million.
Metaplanet Raises Up to $137 Million to Buy Bitcoin and Pay Off Debt
Bitcoin Magazine Metaplanet Raises Up to $137 Million to Buy Bitcoin and Pay Off Debt Metaplanet raised up to 21 billion yen ($137 million) through share issuance as it doubles down on its strategy of...
Metaplanet targets up to $137 million equity raise to fund bitcoin treasury expansion
Metaplanet targets up to $137 million in total potential funding through shares and warrants for its bitcoin treasury plans.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.