Metaplanet Plans $137 Million Raise to Expand Bitcoin Holdings
Metaplanet, a Tokyo-listed company, said it plans to raise about $137 million through a third-party allotment, with proceeds aimed mainly at increasing its Bitcoin holdings.

Metaplanet, a Tokyo-listed company, said it plans to raise about $137 million through a third-party allotment, with proceeds aimed mainly at increasing its Bitcoin holdings.

Shiba Inu formed a short-term golden cross on the 2-hour chart, holding above support amid improving altcoin sentiment. Total crypto open interest rose $108 million in 24 hours, but SHIB needs to break the daily 50-MA near $0.00000489 for bullish confirmation.

Bloomberg ETF analyst Eric Balchunas said BlackRock’s spot Bitcoin ETF IBIT has outperformed gold ETF GLD by 33 percentage points since March, with $4.2 billion flowing into IBIT and $9 billion leaving GLD.

Ethereum traded near $1,980 on Feb. 16 after losing the $2,000 level. The article points to a bearish pennant, weaker futures demand, and continued spot ETF outflows as reasons $1,500 may come before $2,500.

Trump said some highly experienced participants support prediction markets and warned the U.S. could fall behind other countries, even as he said he still dislikes the concept. At the same time, lawsuits and bans tied to event contracts are spreading across U.S. states.

Bitmine bought 65,341 ETH worth about $139 million, bringing its total to roughly 4.661 million ETH. Chairman Tom Lee said Ether may be nearing the end of a mini crypto winter.

Standard Chartered's Geoff Kendrick says Bitcoin's cycle bottom is $59,000, marking the end of crypto winter. ETF outflows and SpaceX IPO liquidity demands drove recent volatility; relief is expected post-IPO.

Bitcoin remains above its weekly 20 SMA at $74,986, keeping $91,091 in focus. Still, about 7.8 million BTC around $76,700 may create heavy resistance as holders look to exit at breakeven.
