Public Keys: Strategy Eyes Domination, Metaplanet Bitcoin Barrage, and Coinbase XRP Boost
The post Public Keys: Strategy Eyes Domination, Metaplanet Bitcoin Barrage, and Coinbase XRP Boost appeared on BitcoinEthereumNews.com. In brief MicroStrategy aims for largest corporate treasury ever, Bitcoin or otherwise, by targeting 3-7% of total Bitcoin supply, with plans to raise $4.2 billion more through preferred stock offerings. Metaplanet launches massive $3.7 billion Bitcoin buying spree to reach 210,000 BTC by 2027. Coinbase’s Q2 earnings miss shows shifting crypto dynamics as revenue fell 25% to $1.5 billion, but XRP surprisingly overtook Ethereum as a transaction revenue driver. Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Strategy aims to go even bigger, Metaplanet get more ambitious with Bitcoin buying plans, and Coinbase highlights shifting altcoin drivers amid an earnings miss. Strategy Double Up Strategy wants its Bitcoin treasury to be the largest corporate treasury ever. And yes, that means the company is looking to overtake Warren Buffet’s Berkshire Hathaway, which currently had a Scrooge McDuck-worthy $328 billion in cash and cash equivalents sitting in the bank as of Q1. We’ll get a better idea of how much cash the Omaha Oracle is sitting on tomorrow, when his company publishes its Q2 results “on the internet.” For Strategy to catch up, the company would need to see the value of its BTC holdings more than double. And if Bitcoin manages to hit the $225,000 target that Benchmark is forecasting for the end of 2026, paper gains could do the bulk of the work. Even if MSTR stopped buying Bitcoin—it won’t, I know—its current 628,791 BTC would be worth $141 billion if the asset sees those kinds of gains in the next year. But we know Michael Saylor isn’t done buying Bitcoin. In fact, he said during an interview with CNBC on Friday morning that the company is looking to own up to 7% of the total Bitcoin supply. “I don’t…
The post Public Keys: Strategy Eyes Domination, Metaplanet Bitcoin Barrage, and Coinbase XRP Boost appeared on BitcoinEthereumNews.com.
In brief MicroStrategy aims for largest corporate treasury ever, Bitcoin or otherwise, by targeting 3-7% of total Bitcoin supply, with plans to raise $4.2 billion more through preferred stock offerings. Metaplanet launches massive $3.7 billion Bitcoin buying spree to reach 210,000 BTC by 2027. Coinbase’s Q2 earnings miss shows shifting crypto dynamics as revenue fell 25% to $1.5 billion, but XRP surprisingly overtook Ethereum as a transaction revenue driver. Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Strategy aims to go even bigger, Metaplanet get more ambitious with Bitcoin buying plans, and Coinbase highlights shifting altcoin drivers amid an earnings miss. Strategy Double Up Strategy wants its Bitcoin treasury to be the largest corporate treasury ever. And yes, that means the company is looking to overtake Warren Buffet’s Berkshire Hathaway, which currently had a Scrooge McDuck-worthy $328 billion in cash and cash equivalents sitting in the bank as of Q1. We’ll get a better idea of how much cash the Omaha Oracle is sitting on tomorrow, when his company publishes its Q2 results “on the internet.” For Strategy to catch up, the company would need to see the value of its BTC holdings more than double. And if Bitcoin manages to hit the $225,000 target that Benchmark is forecasting for the end of 2026, paper gains could do the bulk of the work. Even if MSTR stopped buying Bitcoin—it won’t, I know—its current 628,791 BTC would be worth $141 billion if the asset sees those kinds of gains in the next year. But we know Michael Saylor isn’t done buying Bitcoin. In fact, he said during an interview with CNBC on Friday morning that the company is looking to own up to 7% of the total Bitcoin supply. “I don’t…
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