Here’s what happened in crypto today
Kazakhstan's central bank plans to establish a state-run crypto reserve, likely funded by seized digital assets and state-linked mining activities. This decision follows a report that highlights the volatility of crypto assets, with the aim to manage risks through centralized oversight. Additionally, Japanese Bitcoin treasury company Metaplanet has become the fifth-largest corporate holder of Bitcoin, acquiring 1,005 BTC for $108 million, bringing its total to 13,350 BTC. Metaplanet's CEO announced a staggering 349% yield on their Bitcoin year-to-date. Furthermore, Strategy, led by Michael Saylor, is enjoying an eleventh consecutive week of Bitcoin purchases, currently holding 592,345 BTC valued over $63 billion, resulting in significant unrealized gains for the firm. These developments reflect growing institutional interest in cryptocurrency and highlight trends in Bitcoin accumulation and national regulations.
Source 🔗