China News by Thebittimes.Com

Bitcoin bulls are buzzing after Japan-based investment firm Metaplanet snapped up another 1,004 BTC—its second-largest purchase to date—just as Strategy executive chairman Michael Saylor hinted at yet another massive buy. The back-to-back accumulations come after Bitcoin posted its highest-ever weekly candle close at $106,500, just 3% shy of its all-time high. Analyst Crypto Rover on X says the momentum could signal a “massive breakout” is imminent. Metaplanet’s $104.3 million buy brings its total holdings to 7,800 BTC, fortifying its position as Asia’s largest corporate holder and the 11th biggest globally, according to BitcoinTreasuries. The Japan-based investment firm had also bought 1,241 BTC just a week ago.  Metaplanet bought its latest BTC at an average price of $103,873, CEO Simon Gerovich said in a post on X. Metaplanet has acquired 1004 BTC for ~$104.3 million at ~$103,873 per bitcoin and has achieved BTC Yield of 189.1% YTD 2025. ...

Business Intelligence firm Strategy , the enterprise formerly known as MicroStrategy , said on Monday it had bought 13,390 Bitcoin for about $1.34 billion, paying an average $99,856 per coin. The disclosure, filed with the US Securities and Exchange Commission, landed hours after Bitcoin itself breached the psychologically important $100,000 mark for the first time since February. Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin. $MSTR $STRK $STRF https://t.co/oSXRMwiTkU — Michael Saylor (@saylor) May 12, 2025 The purchase lifts Strategy’s treasury to 568,840 BTC, worth roughly $59 billion at prevailing prices and more than the reserves of any other public company. Michael Saylor , the firm’s Executive Chair and chief evangelist for Bitcoin, said the latest tranche aims to “accelerate shareholder va...

Bitcoin held by listed companies surged more than 16% to 688,000 BTC in the first quarter, fueled by 12 new entrants, while Strategy and Metaplanet disclosed additional purchases yesterday. Bitwise said i n an April 14 post on X that listed companies added 95,431 BTC to their books in the last quarter. The total dollar value of the holdings increased by 2.2% to $56.7 billion with BTC trading at $82,445 at the time of the report. Twelve Firms Buy Bitcoin For The First Time In addition to the amount of Bitcoin held by publicly-traded companies increasing, the number of firms holding BTC also rose, Bitwise added.  In the first quarter of the year, 12 companies purchased the leading crypto for the first time, pushing the total number of corporate Bitcoin holders to 79. Hong Kong-based construction firm Ming Shing was the largest first-time buyer in Q1 of 2025 after it bought 833 BTC. Its holdings were accumulated through two purchases. The first, which saw the firm buy 500 BTC,...

Since Bitcoin (BTC) reached new all-time highs earlier this year, traders have wondered how far BTC can go. In this context, a Bitcoin trader revealed his exit strategy for the leading cryptocurrency, which involves selling to retail investors. The trader’s account goes by the alias Wolf ( @IamCryptoWolf ) on X and has recently shown skepticism over Bitcoin price predictions. In particular, Wolf has criticized PlanB ‘s $500,000 per BTC forecast, which has been massively reproduced by influencers. According to the trader, retail investors will “FOMO” into Bitcoin as the price surpasses $130,000, following higher expectations ($500,000). Notably, this is when Wolf says he will start selling, using retail traders as exit liquidity to book profits. Picks for you Solana price prediction as new update changes network fe...