
Metaplanet burned through 83% of a $500 million credit line to build 43,000 BTC, and now it wants investors to fund the next leg
Its new BitBonds program arrives after sub-1.0 mNAV effectively shut down common-share issuance in the second quarter.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.

Fair-value gains supplied 99.1% of Q2 pre-tax profit as continuing operations used $10.6 million of cash in the first half.

JAN3's 2025 B20 combines policy advances with enforcement custody, while dated Treasury records separate the coins from national reserves.

Bakkt revenue fell 70%, while losses from continuing operations and adjusted EBITDA widened, leaving the operating picture weaker.

Cash covers about 18 months of the current run rate in a static calculation, while common issuance has already become a funding channel.

Bitcoin enters CPI week near $63,000 as inflation data, $125 billion in Treasury issuance and a $69,000 cost-basis wall set the key levels.

Standard Chartered’s $200 LINK target puts Chainlink into the same setup that saw traders rapidly reprice UNI and AAVE.



