USDCrypto Treasury Trends This Week: Bitcoin & Ethereum Shine
Metaplanet Expands Bitcoin Holdings to 2,888 BTC with $43.9 Million Purchase of 497 BTC
Metaplanet Inc. has significantly increased its bitcoin holdings by acquiring 497 BTC for $43.9 million, averaging $88,448 per coin. This purchase raises the company's total BTC assets to 2,888, with an average acquisition price of $84,127 per BTC. The company emphasizes its aggressive accumulation strategy, tracking BTC yield as a key performance metric. As of the current quarter, from January 1, 2025, to March 5, 2025, Metaplanet reports a notable bitcoin yield of 45.1%, showcasing the positive impact of its treasury operations on shareholder value amid the expanding cryptocurrency market.
El Salvador Expands Bitcoin Holdings to 6,100 BTC Amid IMF Loan Approval and Market Dip
El Salvador has increased its Bitcoin holdings by purchasing five additional BTC amidst a market dip, bringing its total reserves to 6,100 BTC, valued around $510 million. This latest allocation, costing approximately $415,000, occurs after the IMF approved a $1.4 billion loan to the country, stipulating that El Salvador reduces state involvement in cryptocurrency transactions. On March 4, 2025, the IMF imposed new conditions on El Salvador's $1.4 billion loan, restricting government Bitcoin activities. Key requirements include a prohibition on new Bitcoin acquisitions by public sector entities, liquidation of the Fidebitcoin trust fund by July 2025, and publication of all government Bitcoin wallet addresses. Additionally, amendments to the Bitcoin Law will make acceptance of Bitcoin voluntary.
Méliuz Invests 10% of Cash Reserves in Bitcoin, Becomes First Publicly Traded Brazilian Firm to Do So
Brazilian fintech firm Méliuz has made headlines by investing 10% of its cash reserves into Bitcoin, purchasing 45.72 BTC for $4.1 million at an average price of $90,296 per coin. This marks Méliuz as the first publicly traded Brazilian company to significantly allocate capital to Bitcoin, inspired by Strategy's initiatives. The firm has formed a "Bitcoin strategic committee" to evaluate further investments in cryptocurrency, emphasizing Bitcoin as a long-term store of value rather than a trading asset.
Following this move, Méliuz's stock price has seen a 2.48% increase in one day, rising to 3.30 BRL. This investment comes amid declining investor interest in Méliuz's stock, which has dropped from a market cap of nearly R$6 billion in 2021 to roughly 287.66 million BRL, highlighting a shift in strategy as the company seeks to leverage Bitcoin for greater value.
BioNexus Becomes First Nasdaq-Listed Firm to Adopt Ethereum Treasury Strategy
BioNexus Gene Lab Corporation has become the first Nasdaq-listed company to adopt an Ethereum-focused treasury strategy, emphasizing Ethereum's advantages over Bitcoin, such as its utility as a programmable financial platform and yield-generation through staking. The company’s Ethereum Strategy Whitepaper outlines its rationale, stating that Ethereum's Proof-of-Stake mechanism offers an annual yield of 3-5%, transforming Ethereum into an income-generating asset.
BioNexus also highlights Ethereum's growing institutional credibility, citing adoption by major financial entities like BlackRock and Fidelity. Despite financial challenges, including a recent Nasdaq notice for non-compliance with the minimum bid price rule, the company intends to allocate a significant portion of its reserves to Ethereum while considering whether to operate validator nodes or partner with staking providers. BioNexus operates primarily in Asia, with a market cap of $5.88 million and a current stock price of $0.32, marking a 61% decline over the year.
China and Middle Eastern Nations Explore Bitcoin Acquisition Strategies
China and several Middle Eastern countries are reportedly exploring strategies to acquire Bitcoin, as reported by CNBC. This initiative indicates a potential coordinated effort to bolster their cryptocurrency reserves, reflecting a significant shift in the geopolitical dynamics surrounding digital currencies. Analysts have pointed out the potential implications of these nations adopting Bitcoin as a reserve asset, which could stimulate market interest and influence cryptocurrency adoption globally. The exploration of such strategies by these prominent players highlights the growing legitimacy and potential strength of Bitcoin in the international financial landscape, suggesting an evolving relationship with digital currencies among these countries.
This article has been refined and enhanced by ChatGPT.
