Crypto News Flash, Japan’s Metaplanet surpassed Coinbase in Bitcoin holdings, Strategy (formerly MicroStrategy) dropped hints about another BTC purchase, and cybersecurity experts found over 20 fake Android wallet apps stealing user funds. Meanwhile, Ethereum and XRP showed signs of weakness on the charts.
Summary
Metaplanet Surpasses Coinbase in Bitcoin Holdings
Japanese investment firm Metaplanet made headlines this week by purchasing 1,112 BTC, worth around $117.2 million. This raised its total holdings to 10,000 BTC, pushing it ahead of Coinbase Global, which currently holds about 9,267 BTC. The purchase was funded through a $210 million bond issuance, approved by the board, with the goal of further increasing the company’s crypto exposure.
Metaplanet is aiming high. Earlier this month, it announced a long-term target to accumulate 210,000 BTC by 2027, which would equal 1% of all Bitcoin that will ever exist. The company’s share price rose 17% after the latest announcement and has already climbed more than 400% this year.
Metaplanet is following a strategy similar to what MicroStrategy (now Strategy) did in the U.S.—raising funds through bonds and equity to buy Bitcoin, instead of relying on cash flow alone.
How Metaplanet Is Financing Its Bitcoin Strategy
Metaplanet plans to raise $5.4 billion in equity over the next two years to support future Bitcoin purchases. This means the company will issue new shares to bring in capital, which it will then use to buy BTC.
Recent timeline:
- June 2: Acquired 1,088 BTC
- June 6: Announced equity sale of $5.4 billion
- June 10: Purchased 1,112 BTC and surpassed Coinbase
The company’s method shows that it’s not just reacting to market trends. It’s taking a long-term position, treating Bitcoin as a core asset in its financial strategy.
Strategy Hints at More Bitcoin Buys
Strategy, led by Executive Chairman Michael Saylor, is once again making headlines. Over the weekend, Saylor posted a cryptic chart on social media with the phrase “Bigger dots are better,” a sign that often hints at another BTC purchase.
Currently, Strategy owns 582,000 BTC, worth approximately $61 billion. That’s nearly 3% of the total Bitcoin supply. Just last week, they bought 1,045 BTC, and it wouldn’t be a surprise if another purchase is announced this week.
Saylor’s posts are known to create buzz. While not official announcements, they usually precede real buying activity and tend to have a positive impact on market sentiment.
Growing Risks Behind Strategy’s Buying Approach
Although Strategy’s aggressive Bitcoin accumulation has brought major gains, it’s also creating challenges. Buying at higher prices, including near or above $100,000 per BTC, increases their average purchase cost. The more they buy, the higher the pressure to raise capital.
This could mean more share dilution in the future. If the company issues more shares to fund new BTC purchases, current shareholders could see their ownership percentage decrease. There’s also the risk that if Bitcoin’s price falls, the firm may struggle to maintain investor confidence.
Still, Strategy’s stock has outperformed Bitcoin over the past five years, rising 3,000% compared to Bitcoin’s 970%.
Android Crypto Wallet Apps Found to Be Phishing Scams
Cyble Research and Intelligence Labs revealed a major threat to crypto users. Over 20 fake Android apps, posing as crypto wallets, have been identified as phishing scams designed to steal seed phrases.
Here’s how the scam works: These apps mimic well-known wallets such as PancakeSwap, Raydium, and SushiSwap. They use WebView technology to load pages that look like official login screens. When users enter their seed phrases, the scammers gain full access to their wallets and empty them.
Many of these apps were available on the Google Play Store and used domain names like:
Cyble also found fake versions of Ledger apps targeting macOS users. These apps spread through phishing websites and have been downloaded millions of times.
The key takeaway is this: never enter your 12-word recovery phrase into any app or website unless you are restoring a wallet using a trusted source. And even then, double-check the domain and developer credentials.
Bitcoin Mining Difficulty Dips Slightly After New High
Bitcoin mining difficulty, which measures how hard it is to mine new blocks, dropped slightly this week. The latest adjustment brought it down from a record 126.9 trillion to 126.4 trillion.
This drop shows that some miners may be reducing operations due to rising costs and lower rewards after the April 2024 halving. With block rewards cut in half, mining is now more competitive and expensive.
Still, some mining companies are pushing ahead. Marathon Digital mined 950 BTC in May, and CleanSpark added 694 BTC to its reserves. Both firms continue to hold onto their mined Bitcoin, showing confidence in the asset’s long-term value.
Conclusion: What This Crypto News Flash Tells Us
This week’s crypto news points to major trends. Institutions like Metaplanet and Strategy are doubling down on Bitcoin, using debt and equity to grow their holdings. But as these firms buy at higher prices, they also face new risks.
At the same time, retail users are facing threats from fake crypto apps, highlighting the need for caution and digital hygiene. Meanwhile, technical charts for altcoins like XRP and Ethereum suggest a bumpy road ahead.
Crypto is evolving quickly. Big players are shaping the market in new ways, and everyone—from investors to miners to traders—needs to stay alert. The opportunity is growing, but so is the risk.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Please consult with a licensed financial advisor before making any investment decisions.
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