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News/This Week’s Smart Money: Bitcoin Bets, Solana Push, DOJ Deal

This Week’s Smart Money: Bitcoin Bets, Solana Push, DOJ Deal

Van Thanh Le

Apr 18 2025

13 hours ago4 minutes read
Robot vaults across glowing Solana pads in a [SOL] cliffscape

Strategy Acquires 3,459 Bitcoin for $286M, Total Holdings Reach 531,644 BTC

On April 14, 2025, Strategy, formerly MicroStrategy, announced the acquisition of an additional 3,459 bitcoin for approximately $286 million, elevating its total holdings to 531,644 BTC. The bitcoins were purchased at an average price of $82,618, funded by proceeds from a recent sale of class A common stock, MSTR. Strategy's total bitcoin holdings are valued at over $45 billion, acquired at an average cost of $67,556 each. This transaction follows a period of volatility, with unrealized losses of nearly $6 billion reported for Q1 2025 due to price declines. Despite this, analysts suggest Strategy's leverage is manageable and foresee potential growth in its bitcoin holdings, predicting they could exceed 1 million BTC by 2033. The company's class A stock, MSTR, closed up 10.2% on the preceding Friday and is currently trading positively, reflecting market interest amid ongoing economic challenges.

Binance Aids Nations in Establishing Digital Asset Reserves Amid U.S. Crypto Policy Shift

Binance CEO Richard Teng announced the company's collaboration with various nations to establish digital asset reserves, a response to the U.S. regulatory shift under President Trump favoring cryptocurrencies. This initiative reflects a global trend among countries like Japan, Russia, Brazil, and Poland aiming to create structured crypto frameworks for economic advantage. Teng emphasized Binance’s support for nations looking to adopt U.S. policies, highlighting the importance of compliance in boosting trust and stability within the crypto industry. Overall, Binance's efforts illustrate a significant movement toward legitimizing digital assets on a national level worldwide.

Metaplanet Buys $26.3M in Bitcoin, Total Holdings Rise to 4,525 BTC

On April 14, 2025, Metaplanet, a Japanese investment firm, announced its acquisition of an additional $26.3 million in bitcoin, increasing its total holdings to 4,525 BTC. The purchase included 319 BTC at an average price of $82,549, contributing to a total investment of approximately $386.3 million at an average cost of $85,366 per BTC. Currently, Metaplanet's bitcoin stash is valued at around $382.1 million, even as the cryptocurrency market faces turbulence due to Trump’s tariff policies. Metaplanet, now the ninth-largest corporate bitcoin holder globally and the largest in Asia, aims to expand its holdings to 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. Furthermore, the company has issued $10 million in zero-coupon, dollar-denominated bonds to enhance its Bitcoin holdings, targeting 21,000 BTC by 2026. This strategic USD funding avoids high exchange fees from Japanese banks, allowing for more cost-effective Bitcoin acquisitions.

Janover Acquires $10.5 Million in Solana as Stock Hits Record High, Plans to Operate Validators

Nasdaq-listed software firm Janover has acquired 80,567 Solana (SOL) tokens for approximately $10.5 million, increasing its total holdings to 163,651 SOL, valued around $21 million. This purchase follows a recent $42 million financing round, undertaken after the company's stock reached an all-time high of nearly $66. Janover aims to operate Solana validators for staking and generating revenue while supporting network security. The firm, under new leadership, plans to focus on integrating traditional finance with decentralized finance and will rename itself to DeFi Development Corporation, reflecting its evolving strategy in cryptocurrency investments. SOL is currently trading at about $132.

Semler Scientific Reaches $29.75M DOJ Settlement and Plans to Use Bitcoin for Loan to Fund Payment

Semler Scientific has reached a tentative $29.75 million settlement with the U.S. Department of Justice (DOJ) concerning violations of federal anti-fraud laws related to its marketing of QuantaFlo. The company plans to use its bitcoin holdings as collateral for a loan from Coinbase to fund this payment. Following a civil investigative demand from the DOJ in 2017 and ongoing compliance efforts, Semler has opted to enter initial settlement talks since February. The company's stock (SMLR) has dropped by 37% year-to-date due to the DOJ investigation and falling bitcoin prices. Moving forward, Semler is set to restart bitcoin purchases after a two-month hiatus, announcing a $500 million mixed securities offering primarily aimed at acquiring more bitcoin. This decision reflects Chairman Eric Semler's eagerness to increase their bitcoin holdings amidst the ongoing developments. The settlement agreement is still pending final approval.

Japan's ANAP Acquires $70 Million in Bitcoin, Joining Growing Institutional Trend

Japan's fashion brand ANAP has acquired approximately $70 million (10 billion Yen) in Bitcoin for its treasury as part of its investment strategy, a move endorsed by its Board of Directors. The company emphasized the irreversible trend of Bitcoin being recognized as a major global asset, comparable to the US Dollar and gold. ANAP joins fellow Japanese firm MetaPlanet, which recently issued $10 million in zero-interest bonds to support further Bitcoin purchases. This acquisition reflects growing institutional interest in Bitcoin, with MicroStrategy continuing to lead with the largest public holdings at 531,644 BTC, acquired for $35.92 billion.

This article has been refined and enhanced by ChatGPT.

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