Dear PointPay Family,
News, events and rapid changes brought us this week in the world of cryptocurrencies. In order not to miss the key events, we have collected for you the top 5 news, which reflect the most important and interesting moments of the week.
US Crypto Holdings Now Exceed $21 Billion
The US government's cryptocurrency portfolio has reached a total value of $21.156 billion, according to data from Arkham. The majority of this amount-over $20.6 billion-is held in Bitcoin, with a reserve of 198,012 BTC. Additional holdings include nearly 60,000 ETH and 122 million USDT. These figures underscore the government's significant presence in the crypto market, as asset values continue to climb.
Metaplanet Overtakes El Salvador in Bitcoin Holdings
Metaplanet has now become one of the largest institutional holders of Bitcoin, surpassing El Salvador's national reserve. Following the acquisition of 1,241 BTC by CEO Simon Gerovich, the firm's total Bitcoin stash has risen to 6,796. This move solidifies Metaplanet's aggressive strategy in the digital asset space and reflects growing interest among public companies in long-term Bitcoin accumulation.
Strategy Boosts Bitcoin Holdings with $1.34 Billion Purchase
Strategy has made a major addition to its Bitcoin portfolio, spending $1.34 billion to acquire 13,390 BTC. The purchase was made at an average price just below $100,000, aligning with recent market highs. The company's total holdings now stand at 568,840 BTC, valued at over $59 billion-resulting in an unrealized profit of roughly $20 billion. Strategy continues to signal long-term confidence in Bitcoin by consistently expanding its reserves without selling.
Ethereum Pushes Past $2,600 Mark
Ethereum has climbed above the $2,600 level, signaling renewed momentum for the second-largest cryptocurrency by market cap. The asset posted a 50% gain over the past week, pushing it into price territory not seen in recent months. The upward move highlights growing market optimism around Ethereum's position in the current crypto landscape.
Coinbase Set to Join the S&P 500
Coinbase is on track to be added to the S&P 500, a key US stock market index that tracks the largest publicly traded companies. As reported by Bloomberg, the exchange meets all required conditions, including consistent profitability, sufficient market capitalization, and high stock liquidity. Entry into the index would mark a major milestone for the company and further cement its status as a leading force in the digital asset industry.
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