Tokyo-listed investment firm Metaplanet
(3350) generated 592 million yen ($4 million) in operating profit in the first quarter of 2025, largely through bitcoin-based income strategies.
The company reported 877 million yen in
revenue, with 88% coming from option
premium harvesting on bitcoin.

This aggressive accumulation has helped it
become the 11th-largest public company by
bitcoin holdings globally and the top in Asia.

Metaplanet's shares on the Tokyo Stock
Exchange went down 2.47% in the last trading session to 593 yen each. The firm's shares are up 65.8% year-to-date, while BTC is up 8.45% over the same period.

💰 FTX to distribute over $5B to creditors May 30.

🇦🇪Abu Dhabi’s sovereign wealth fund, Mubadala, reported holding 8,726,972 shares of BlackRock’s Bitcoin ETF ($IBIT) worth $408.5 million.

💰 According to CNBC, well-known short seller Jim Chanos revealed that he is aggressively shorting MicroStrategy, “we’re selling #MicroStrategy stock and buying #Bitcoin and basically buying something for $1 selling it for two and a half dollars.”

The chart shows BTC's price rally has stalled in the $101,000-$105,000 range.
A downside break could trigger more profit-taking, potentially deepening the bull market pullback to support at $98,000.

🇫🇷 The Blockchain Group is up +1,100% over 6 months since the launch of the #Bitcoin treasury strategy.

💰 The market cap of stablecoins on the $SUI just surpassed $1 billion, an all-time high. That's a two-fold increase in just two months.

President Trump says US will set tariff rates for trading partners within weeks.

$5 BILLION BITCOIN BUYING NEWS IN JUST 7 DAYS:

- Goldman Sachs just disclosed owning $1.65 billion
- Abu Dhabi sovereign wealth fund: $511 million
- Michael Saylor's STRATEGY $1.34 billion
- Hong Kong's Avenir: $863 million
- Next Technology $600m

🇺🇸 Eric Trump says it's a "race to the top" to accumulate as much Bitcoin as possible.

Since April 9, bitcoin has climbed about 38%,
advancing from around $75,000 to $104,000 as trade tensions eased and major market
participants deployed capital.

This rally can be described as a classic stair-
step pattern: Initial bullish impulses are
followed by periods of consolidation, which set the stage for the next upward move.

The initial increase from $75,000
encountered range-bound trading between
$83,000 and $85,000. The subsequent step
higher faced consolidation between $92,000
and $96,000.

Similarly, since May 10, prices have oscillated mainly between $101,000 and $105,000.
Now BTC bulls face a $120 million resistance challenge as they look to
extend the classic "stair-step" uptrend, or
periodic controlled move higher.