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Japan’s Metaplanet buys more Bitcoin, explores potential US listing

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Metaplanet, a Japanese investment firm, has increased its Bitcoin holdings with a recent purchase of 156 BTC, bringing its total to 2,391 Bitcoin, valued at around $13.4 million. This move is part of the company’s broader strategy to expand its cryptocurrency portfolio, having already invested nearly $200 million in Bitcoin since 2022. CEO Simon Gerovich has also been in talks with U.S. financial institutions to discuss potential listings on major stock exchanges like Nasdaq and the New York Stock Exchange.

The firm aims to secure 21,000 BTC by 2026, positioning itself as a leader in Japan’s crypto investment landscape. Gerovich’s discussions with U.S. exchanges could pave the way for Metaplanet’s international growth, extending beyond its native market. The company believes that the increased institutional interest in Bitcoin and other cryptocurrencies will drive long-term value.

Metaplanet’s strategy is rooted in its belief in Bitcoin as a core asset for the future of financial markets. With growing global demand for cryptocurrencies, especially Bitcoin, Metaplanet intends to capitalize on the expanding interest from institutional and retail investors.

The decision to expand its operations into the U.S. market follows a growing trend of Japanese firms increasing their Bitcoin exposure. Metaplanet’s bold move demonstrates how companies are shifting their focus toward cryptocurrencies as part of a diversified investment strategy.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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