Bitcoin&#8217;s record close signals robust institutional interest and potential for further price surges, driven by limited supply and strong demand. The post Bitcoin sets new record weekly close after breaking above $106K appeared first on Crypto Briefing.

Bitcoin sets new record weekly close after breaking above $106K

Japanese investment firm Metaplanet has increased its Bitcoin holdings by 
1,004 BTC, bringing the total reserve to 7,800 BTC. Tokyo-listed investment 
firm Metaplanet has expanded its Bitcoin (BTC) holdings with a new purchase of 
1,004 BTC, bringing its total reserves…

Metaplanet shares jump 12% on $104m Bitcoin purchase

Coinbase impersonators stole over $2 million worth of crypto from retired 
artist Ed Suman using data possibly obtained in the exchange’s recent customer 
support breach. According to Bloomberg, Suman, 67, was targeted in early March 
after receiving a text message…

Coinbase impersonators steal over $2m in BTC and ETH from retired artist

The Australian police recently seized 25 bitcoins, a luxury car, and a mansion 
in Beachmere from a man previously convicted of hacking an American gaming 
company. AFP Targets Illegal Profits of Hacker The Australian Federal Police 
(AFP) recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere 
from a man previously convicted of […]

Australian Police Seize Hacker’s Bitcoin, Mansion and Luxury Car

Bitcoin&#8217;s rise could trigger selective altcoin growth, reshaping market 
dynamics and emphasizing fundamentals over speculative hype.
The post Bitcoin must break $110K before alt season begins, says Arthur Hayes 
appeared first on Crypto Briefing.

Bitcoin must break $110K before alt season begins, says Arthur Hayes

Japanese investment firm Metaplanet has made its second-largest single Bitcoin 
purchase ever, scooping up more than 1,000 Bitcoin as the cryptocurrency came 
within 3% of its all-time high.
Metaplanet said on May 19 that it purchased 1,004 Bitcoin (BTC) for a total 
cost of around 15.2 billion yen ($104.6 million), bringing its total holdings 
to 7,800 Bitcoin worth around $807 million at current market prices.
It is the second-largest purchase the firm has made following its buy of 1,241 
BTC for $129 million on May 12 in a move that pushed its Bitcoin holdings 
above that of El Salvador.
Metaplanet has the largest Bitcoin holdings of a public company in Asia and 
has the tenth largest holdings among public firms globally, according to BiTBO 
data.
The firm reported a first-quarter BTC Yield of 95.6% and a yield of 47.8% so 
far in the second quarter, which measures the ratio of percentage change in 
Bitcoin holdings per fully diluted share.
If Metaplanet buys another 301 BTC, it would surpass Galaxy Digital Holdings, 
which is in ninth spot with its holdings of 8,100 Bitcoin.
_Metaplanet Bitcoin purchase disclosure. Source:__Metaplanet_
Michael Saylor&#8217;s Strategy remains the clear leader in terms of corporate BTC 
holdings with 568,840 Bitcoin worth around $59 billion.
_**Related:**__**Metaplanet is raising another $21M through bonds to buy more 
Bitcoin**_
Metaplanet has been much more aggressive in its accumulation of the asset in 
recent months, with 2,800 scooped up so far in May. It made four purchases in 
April, totaling 794 BTC, and six purchases in March, totaling 1,655 BTC.
## Saylor hints at another buy
Meanwhile, Michael Saylor has hinted at another Monday purchase by posting a 
screenshot of the Saylor tracker, which follows the firm&#8217;s Bitcoin portfolio, 
on X.
&#8220;Never short a man who buys orange ink by the barrel,&#8221; Saylor said.
Strategy leads the corporate pack with 77% of the growth in Bitcoin holdings 
so far this year, according to BTC investment firm River.
On May 12, River researchers revealed that corporations and businesses are the 
largest net buyers of Bitcoin so far this year, outpacing exchange-traded 
funds, governments, and even retail investors.
_**Magazine:**__**Arthur Hayes $1M Bitcoin tip, altcoins &#8216;powerful rally&#8217; 
looms: Hodler&#8217;s Digest**_