Stellar’s XLM token endured sharp swings over the past 24 hours, tumbling 3% as institutional selling pressure dominated order books. The asset declined from $0.39 to $0.38 between September 14 at 15:00 and September 15 at 14:00, with trading volumes peaking at 101.32 million—nearly triple its 24-hour average. The heaviest liquidation struck during the morning hours of September 15, when XLM collapsed from $0.395 to $0.376 within two hours, establishing $0.395 as firm resistance while tentative support formed near $0.375.

Despite the broader downtrend, intraday action highlighted moments of resilience. From 13:15 to 14:14 on September 15, XLM staged a brief recovery, jumping from $0.378 to a session high of $0.383 before closing the hour at $0.380. Trading volume surged above 10 million units during this window, with 3.45 million changing hands in a single minute as bulls attempted to push past resistance. While sellers capped momentum, the consolidation zone around $0.380–$0.381 now represents a potential support base.

Market dynamics suggest distribution patterns consistent with institutional profit-taking. The persistent supply overhead has reinforced resistance at $0.395, where repeated rally attempts have failed, while the emergence of support near $0.375 reflects opportunistic buying during liquidation waves. For traders, the $0.375–$0.395 band has become the key battleground that will define near-term direction.

Technical Indicators

• XLM retreated 3% from $0.39 to $0.38 during the previous 24-hours from 14 September 15:00 to 15 September 14:00.
• Trading volume peaked at 101.32 million during the 08:00 hour, nearly triple the 24-hour average of 24.47 million.
• Strong resistance established around $0.395 level during morning selloff.
• Key support emerged near $0.375 where buying interest materialized.
• Price range of $0.019 representing 5% volatility between peak and trough.
• Recovery attempts reached $0.383 by 13:00 before encountering selling pressure.
• Consolidation pattern formed around $0.380-$0.381 zone suggesting new support level.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Polygon Labs announced Sept. 12 that it is partnering with Dubai-based Cypher Capital to expand institutional access to POL, the native asset powering the Polygon blockchain, across the Middle East.

The initiative marks the first in a series of efforts to bring professional investors into direct engagement with Polygon’s infrastructure.

POL will be positioned as an institutional-grade asset offering real yield, with roundtables, liquidity improvements, and structured opportunities aimed at funds, corporates, and other large allocators.

Polygon co-founder Sandeep Nailwal said in a statement:

“Institutional demand for real yield on crypto is already in high demand, and keeps growing.”

He added that the program is designed to “translate that value into institutional-grade opportunities, offering a path for investors to earn real yield by engaging directly with the economic engine of the Polygon ecosystem.”

Cypher Capital, a venture and investment firm active in the region, will help Polygon navigate regulatory and capital market settings.

Don’t Get Left Holding the Bag

Join The Crypto Investor Blueprint — 5 days of pro-level strategies to turbocharge your portfolio.

Brought to you by CryptoSlate

Nice Your first lesson is on the way.

Please add [email protected] to your email whitelist.

The program is expected to highlight POL as a core portfolio asset for professional investors seeking exposure to blockchain infrastructure, global payments, and real-world asset transactions.

The announcement comes as Polygon continues to advance its “GigaGas” roadmap, which Nailwal said has already delivered sub-five-second finality and throughput of up to 1,000 transactions per second.

Future milestones aim to establish Polygon as a high-performance settlement layer for the “trustless internet of value.”

The rollout illustrates a broader push by leading blockchain projects to build institutional pipelines in growth markets, where interest in digital assets and tokenized products continues to climb.

Mentioned in this article

SOL Strategies CEO Leah Wald outlined how Solana-focused digital asset treasury companies can drive institutional adoption and exchange-traded fund (ETF) flows.

In an interview with CryptoSlate, Wald noted that multiple Solana treasury companies create a “rising tide” effect similar to Bitcoin miners benefiting alongside Bitcoin ETF inflows.

She noted the parallel between Bitcoin ecosystem dynamics, where miners receive inflows alongside spot and futures ETFs, suggesting similar potential for Solana-focused companies.

Wald explained:

“You’ve always seen that in the past where miners get inflows, like Bitcoin miners. ETF gets inflows alongside Bitcoin spot and Bitcoin futures ETFs get inflows.”

She described the phenomenon as retail investors choosing different products based on enthusiasm, while institutions prefer ETFs for tax advantages and custody structures.

Wald acknowledged widespread market expectations for a spot or staked spot Solana ETF under a 33 Act wrapper, viewing this development as part of a broader rising tide of product offerings.

She emphasized that treasury companies must operate respectfully to maintain industry credibility while benefiting from expanding product availability.

Bloomberg ETF analysts expect an approval in October, when most of the spot Solana ETF filings will meet their final deadline with the SEC.

DAT dynamics

Addressing concerns about digital asset treasury (DAT) company valuations, Wald acknowledged that many firms that added Bitcoin now trade at discounts to multiple of Bitcoin NAV (mNAV), including Bitcoin miners.

A Sept. 2 report by Grayscale highlighted a decreasing mNAV for DAT companies, suggesting a cooling of interest from investors.

However, she expressed confidence that SOL Strategies’ dual approach as both a technology company and treasury accumulator provides competitive advantages during market downturns.

Wald stated:

“It does not scare us. I think it positions us in a position of strength because we’re the only ones running a real business and it’s a business that continues to accumulate and compound.”

She noted that discount trading environments place pressure on management teams to execute validator business models effectively rather than relying solely on asset appreciation.

5 Days to Smarter Crypto Moves

Learn how pros avoid bagholding, spot insider front-runs, and capture alpha — before it’s too late.

Brought to you by CryptoSlate

Nice Your first lesson is on the way.

Please add [email protected] to your email whitelist.

SOL Strategies differentiates itself by calling the company “DAT plus plus,” emphasizing technology development alongside treasury accumulation.

Wald described the firm as a technology company first, with treasury accumulation as a secondary function, contrasting with purely speculative treasury models.

SOL Strategies added SOL to its treasury and started trading on Nasdaq on Sept. 9 under the ticker STKE.

Infrastructure validation

Despite being the second-largest decentralized ecosystem, with over $12 billion in total value locked, Solana still represents a small fraction of the tokenization landscape.

Institutions deployed nearly $500 million using Solana’s infrastructure, representing 3.1% of this market. In comparison, Ethereum has a 52% dominance over tokenization efforts.

Wald sees institutional treasury companies as catalysts for closing this gap through education and validation efforts.

She explained:

“I do think that any ETF, like any well-respected issuer or well-respected company, anyone that puts boots on the ground on education is only going to help Solana, the network, grow and succeed.”

She emphasized validation and adoption benefits from proper educational initiatives about Solana’s technical advantages.

Wald stressed the significant institutional interest, including BlackRock’s plans to launch a yield fund on Solana alongside existing tokenized products from Apollo and Franklin Templeton.

She listed these developments as evidence of growing institutional recognition of Solana’s capabilities for tokenization and digital asset infrastructure.

Wald concluded by positioning treasury companies as educational ambassadors for Solana’s institutional adoption journey:

“It’s on all of us out there to educate why we think that it’s better, cheaper, faster, quicker, all those different merits to get there. Hopefully, with all the DAT leaders out there providing education, it should snowball.”

Mentioned in this article

Chainlink’s price is wrestling with key support near $21, a level that has drawn heavy attention from traders and institutions alike. Chainlink (LINK) was down 2% to $22.30 as selling pressure weighed on the token. The move comes at a time when derivatives activity in the asset has jumped sharply, raising both expectations of a rebound and the risk of further losses.

Related Reading

Institutional Pathway Through 21X

The network’s importance was reinforced after the launch of 21X, Europe’s first regulated tokenized securities platform. Approved under European rules, 21X connects financial institutions to blockchain infrastructure using Chainlink’s technology.

CEO Max Heinzle described Chainlink as a vital backbone for tokenized markets, stressing that global institutions are lining up behind tokenization projects. By building on a regulated platform, Chainlink gains credibility in bridging traditional finance with decentralized networks.

Europe’s first regulated tokenized securities platform 21X:

“The work that Chainlink is doing … with the involvement of the largest financial institutions in the world … could not be more at the forefront.”

Discover how tokenization is reshaping capital markets and why… pic.twitter.com/3SlmcNaWsA

— Chainlink (@chainlink) September 5, 2025

This development has been seen as a step toward establishing Chainlink as a core platform for tokenized assets. Its data feeds and interoperability features make it a practical link between standard securities and blockchain applications, adding momentum to its institutional appeal.

Support And Resistance Levels In Focus

Market watchers say LINK is testing major support at $22.10, with deeper support zones at $20.55 and $19. In a worst-case scenario, the coin could even revisit $17. On the upside, clearing the volume-weighted average price of $22.10 may open a path back to $24, and possibly $26, which marked the highs reached in August.

At the time of writing, LINK was trading at $23.17, up 0.3% and 1.9% in the daily and weekly timeframes, data from Coingecko shows.

Derivatives Market Points To Heavy Speculation

According to CoinGlass, LINK futures volume jumped 51% to over $2 billion. The increase in futures volume is in sync with open interest, whose numbers likewise soared over 2% to $1.5 billion. These increases show a sharp rise in speculative bets at current levels. Traders seem to be sitting tight, indicating anticipation of a decisive action over a pullback.

Related Reading

There are warnings that the levels of leverage are so high that they will encourage volatility. If support is maintained, the bulls could be in charge to drive LINK to $26. But if it fails to hold present levels, liquidations and deeper losses could follow.

The coming sessions will be crucial. Chainlink, viewed as both a token and a critical piece of market infrastructure, now faces a battle around $22. How the price reacts here could determine whether optimism around institutional adoption translates into a sustained recovery, or if traders brace for another correction.

Featured image from 21x.eu, chart from TradingView

Stellar’s native token, XLM, posted a 2.32% gain in the 24-hour window from September 7 at 09:00 to September 8 at 08:00, climbing from $0.36 to $0.37. The cryptocurrency traded within a narrow $0.01 band, with lows at $0.36 and highs at $0.37, marking a 2.66% intraday range.

Trading activity peaked at 14:00 on September 7, when 129.15 million tokens changed hands. Analysts note that maintaining support above $0.36 reflects sustained institutional buying interest, a trend that has underpinned the asset’s recent stability.

For Stellar, Paxos’ entry into its ecosystem marks a strategic milestone. With a decade of experience in regulated stablecoin issuance and a recent acquisition of Molecular Labs, Paxos is positioning USDH to comply with both the GENIUS Act and Europe’s MiCA regulations.

While ongoing debates around the GENIUS Act create some uncertainty, analysts say Stellar’s ability to hold above the $0.36 support level leaves room for further upside. Technical indicators suggest that a push beyond the $0.37 resistance could open the door to additional gains, supported by institutional flows and strengthening corporate confidence in blockchain-based financial infrastructure.

Market Analysis Points to Continued Corporate Interest

• XLM established a defined trading range between $0.36 support and $0.37 resistance during the 24-hour observation period.
• Peak trading volume of 129.15 million units at 14:00 on September 7 reinforced price support at the $0.36 threshold.
• Sustained trading activity above $0.36 suggests ongoing institutional accumulation and potential for additional price appreciation.
• Final hour trading data from September 8, 07:24 to 08:23, showed volume exceeding 2.5 million units supporting the advance to $0.37.
• Technical indicators point to established support at $0.36 with upward price channel formation suggesting continued bullish sentiment among institutional investors.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

Share

Last updated: 

September 6, 2025

Ethereum traded at $4,300 over the weekend, down 2%+. Despite the pullback, institutional inflows and whale accumulation are building underlying momentum for a potential reversal. Short-term volatility persists, but technicals and positioning indicate that ETH could soon challenge higher resistance levels.

Institutional Inflows Support ETH

ETH’s resilience is backed by around $450 million in ETF inflows, with BlackRock and other major players driving demand. These investments indicate that ETH is being viewed as a long-term asset, not just a short-term trade.

Institutional participation provides buying interest and stability to the price action, and ETH is now in mainstream portfolios.

ETF inflows also attract retail investors, who find validation in the large-scale adoption. This dual effect—whale confidence and institutional flows, creates a foundation for a more sustainable rally once resistance is cleared.

Key signals fueling optimism include:

• $450M ETF inflows supporting market stability
• BlackRock’s involvement is boosting institutional adoption
• Growing retail interest following institutional cues

Whale Accumulation Points to Recovery

Large holders, or “whales,” have been quietly accumulating ETH during price dips, suggesting they see value at current levels. Historically, whale accumulation has preceded meaningful price recoveries, as these investors often act ahead of retail participants.

Even with ETH slipping by more than 2% this week, accumulation patterns suggest confidence in medium- to long-term gains. For investors, this means that smart money expects ETH to break above its current barriers if the macroeconomic environment is supportive.

Ethereum (ETH/USD) Price Prediction: Technical Outlook

The Ethereum price prediction is slightly bearish, indicating a descending triangle formation, with the price repeatedly testing the $4,250 support level while struggling against the $4,490 resistance. This squeeze reflects contracting volatility, often a precursor to a breakout.

The 50-SMA at $4,370 is providing near-term resistance, while the 200-SMA at $3,872 anchors the broader uptrend. Candlestick formations, including Doji and spinning tops, underscore market hesitation, but the RSI at 44 indicates a subtle bullish divergence, suggesting accumulation.

A breakout above $4,490 could launch ETH toward $4,665 and $4,865, completing the triangle structure. Conversely, failure to hold $4,250 risks a retreat to $4,070 and $3,940, with the 200-SMA at $3,872 as final support.

Above $4,490, ETH could reach $4,665 and $4,865. Completing the triangle below $4,250 risks a drop to $4,070 and $3,940, with $3,872 serving as the 200-SMA, providing final support.

For traders, the strategy is simple: wait for confirmation.

A bullish engulfing candle with volume would validate the move and three black crows near support would trigger a sell. In the long term, sustained momentum above $4,490 could propel ETH to new cycle highs, just as Bitcoin did.

ETH’s next move may depend on this technical breakout. Institutional demand and whale activity are bullish, but confirmation is needed before the next leg up. If ETH clears its resistance, it could mark the start of a larger rally that solidifies its position as the leading smart contract platform in the digital economy.

Presale Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the BTC ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation.

By combining BTC’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development.

The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations.

Momentum is building quickly. The presale has already crossed $14.1 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012865—but that figure will increase as the presale progresses.

You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card.

Click Here to Participate in the Presale

Solana (SOL) treasury company SOL Strategies secured approval to list its common shares on the Nasdaq, according to a Sept. 5 announcement.

The company expects trading to commence on Sept. 9, under the ticker symbol “STKE” while maintaining its Canadian Securities Exchange listing under “HODL.”

Shares will no longer trade on the OTCQB Venture Market, and existing shareholders will be automatically converted to the Nasdaq listing without requiring any action.

CEO Leah Wald said:

“Joining Nasdaq aligns us with the world’s most innovative technology companies and positions us to attract institutional investors who recognize the transformative potential of Solana’s infrastructure.”

She added that the listing provides shareholders with enhanced liquidity, while giving the firm access to deeper capital markets.

SOL Strategies completed its transformation from a diversified crypto holding company to a Solana-first investment vehicle after unanimously approving the strategy shift at its shareholder meeting on July 30, 2024.

The rebranding coincided with the appointment of Wald as new CEO in early July, which accelerated the company’s accumulation of SOL tokens and ecosystem investments.

The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha

Nice Your first lesson is on the way.

Please add [email protected] to your email whitelist.

The green light marks a significant milestone for the Toronto-based company following its strategic rebrand from Cypherpunk Holdings and pivot to Solana-focused investments.

Institutional interest in Solana treasuries grows

The approval arrives amid broader institutional interest in Solana exposure, with Galaxy Digital, Multicoin Capital, and Jump Crypto reportedly seeking approximately $1 billion to assemble the largest dedicated SOL treasury through a public company vehicle.

Cantor Fitzgerald serves as lead banker for the effort, which contemplates acquiring a listed entity to create an institutional-grade Solana treasury.

Other companies also operate SOL treasuries through public markets, including Upexi, which has holdings surpassing $100 million, and DeFi Development Corp, reporting 846,000 SOL with plans to compound via staking yields.

SOL Strategies expects the Nasdaq listing to accelerate validator growth through institutional partnerships, enhance operational scalability as demand for Solana staking increases, and strengthen its position as the leading institutional gateway to the Solana ecosystem.

Mentioned in this article

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum is facing a pivotal test as the market struggles to hold momentum amid mounting selling pressure. After losing the $4,500 level, ETH has entered a tight consolidation range, with bulls now forced to defend current levels. Analysts warn that failure to reclaim $4,500 soon could open the door to a deeper correction, with downside targets near $3,900. This growing uncertainty weighs on sentiment, but institutions appear unfazed, continuing to accumulate ETH aggressively.

According to data from Lookonchain, whales and institutions purchased an impressive 218,750 ETH—worth approximately $942.8 million—in just the past two days. This surge in accumulation reflects a broader bet on Ethereum’s strength, not only as a leading smart contract platform but also as the centerpiece of an anticipated altcoin rally. With capital rotation away from Bitcoin becoming more evident, institutions appear to be positioning themselves early for Ethereum’s next potential leg higher.

Despite the pressure, Ethereum’s fundamentals remain robust, supported by increasing institutional flows, steady whale activity, and a growing DeFi ecosystem. The battle between bulls defending support and bears pushing for lower levels sets the stage for ETH’s trajectory in the next phase of this cycle.

Institutional Ethereum Accumulation Strengthens Bullish Outlook

Institutional flows into Ethereum remain strong despite the recent pullback. Lookonchain reports that Bitmine, one of the most active institutional players in the space, purchased 69,603 ETH—valued at around $300 million—from BitGo and Galaxy Digital.

Additionally, five newly created wallets collectively purchased 102,455 ETH, valued at approximately $441.6 million, from FalconX. These large-scale acquisitions highlight continued confidence in Ethereum’s long-term potential and reinforce the view that institutions are positioning themselves for future gains.

This wave of accumulation is significant for several reasons. First, it underscores Ethereum’s growing status as the centerpiece of institutional strategies, particularly in the context of capital rotation from Bitcoin into altcoins. Second, it demonstrates that even amid heightened volatility, demand for ETH remains resilient. These purchases, executed in size, suggest that institutional buyers are not only unfazed by short-term corrections but are actively using them as opportunities to scale exposure.

That said, risks remain in the near term. Technically, Ethereum must hold above $4,200 to avoid a sharper decline. Should this level fail, the next meaningful support lies near $3,900, a zone that could invite further selling pressure before buyers return. For now, institutional conviction provides a strong counterbalance to market uncertainty, signaling that Ethereum’s structural demand remains intact and may serve as the backbone of its next bullish phase.

ETH Consolidates Around Key Levels

Ethereum (ETH) is consolidating just below the $4,500 level, currently trading near $4,395 after days of sideways movement. The chart shows ETH maintaining a tight range between $4,250 and $4,500, with repeated tests of both support and resistance levels. This pattern reflects growing market indecision, as buyers attempt to defend structural demand while sellers continue applying pressure.

The 50-day moving average (blue line) is slightly above current price levels, acting as dynamic resistance, while the 100-day moving average (green line) around $4,313 provides nearby support. A sustained close below $4,250 would open the door for a deeper correction toward $3,900, which is the next significant support zone. On the upside, ETH must break and hold above $4,500 to confirm bullish momentum and potentially retest highs near $4,800.

Despite the lack of direction in price action, the broader structure remains constructive, with ETH trading well above the 200-day moving average (red line), which is trending upward near $3,773. This suggests the long-term bullish trend is intact, but the immediate outlook hinges on whether bulls can defend the $4,200–$4,250 area. For now, ETH remains in consolidation, with breakout or breakdown signals yet to materialize.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

Share

Last updated: 

September 5, 2025

Sora Ventures has announced the launch of its dedicated Bitcoin treasury fund, unveiled Friday at Taipei Blockchain Week.

The venture capital firm said the fund is backed by an initial $200 million commitment from partners and investors across the region, with a target of acquiring $1 billion worth of Bitcoin within the next six months.

Asia’s $1B Bitcoin Treasury Fund Aims to Rival U.S. Corporate Adoption

According to the announcement, the fund is designed as a centralized pool of institutional capital, marking a shift from Asia’s earlier Bitcoin treasury efforts, where individual companies accumulated Bitcoin directly on their balance sheets.

Firms such as Japan’s Metaplanet, Hong Kong’s Moon Inc., Thailand’s DV8, and South Korea’s BitPlanet have already taken that route.

Sora’s initiative seeks to support these pioneers while creating synergies between regional and global treasuries, strengthening Bitcoin’s role as a reserve asset.

Luke Liu, a partner at Sora Ventures, described the launch as a milestone. “This is the first time that Asia has seen a commitment of this magnitude toward building a network of Bitcoin treasury firms, with capital commitment towards Asia’s first $1 billion treasury fund,” he said.

Historically, large-scale Bitcoin treasuries have been concentrated in the United States, where corporate adoption was led by firms such as Strategy.

The new fund signals Asia’s bid to position itself as a serious contender in institutional Bitcoin investment. Jason Fang, founder and managing partner of Sora Ventures, said the initiative addresses what he sees as fragmented efforts across the region.

“This is the first time in history that institutional money has come together, from local to regional, and now to a global stage,” Fang said during a panel titled Introducing BTC Strategy into Major Asia Equity Markets.

Sora Ventures has been steadily building its Bitcoin-focused strategy over recent years. In 2024, it invested in Metaplanet, supporting Japan’s first listed Bitcoin treasury with a ¥1 billion ($6.56 million) allocation.

The following year, it acquired Moon Inc. in Hong Kong and DV8 in Thailand and partnered in the acquisition of BitPlanet in South Korea. Each move was intended to replicate and expand Bitcoin-first treasury models across Asia.

The $1 billion fund now formalizes these efforts, offering a framework to attract additional institutional partners and coordinate treasury strategies across markets.

According to Sora, the fund will not only accelerate corporate Bitcoin adoption in Asia but also provide a model that could be extended internationally.

Asian Family Offices and Japanese Firms Ramp Up Crypto Exposure

Wealthy Asian families and their investment vehicles are stepping up crypto allocations, with both private funds and public companies deepening exposure despite recent market volatility.

Singapore’s NextGen Digital Venture recently raised over $100 million for its Next Generation Fund II, a crypto equity vehicle. Founder Jason Huang said family offices and fintech entrepreneurs increasingly see digital assets as a necessary part of diversified portfolios.

Banks are tracking the trend. UBS reported that some Chinese family offices intend to allocate up to 5% of their holdings to crypto, while younger generations are increasingly driving adoption.

Japan is emerging as a corporate hotspot. In August, Tokyo-listed Lib Work unveiled a $3.3 million Bitcoin treasury strategy, citing inflation hedging and overseas growth plans.

Around the same time, Bakkt Holdings acquired 30% of textile maker MarushoHotta for $115 million, moving to rebrand it as “Bitcoin.jp” and shift the 120-year-old firm toward crypto treasury management.

Metaplanet Inc. leads Japan’s corporate push. The company disclosed a new purchase of 1,009 BTC this week, lifting its total to 20,000 BTC worth over $2.1 billion.

Shareholders also approved an overseas share sale of up to $884 million, with most proceeds earmarked for further Bitcoin buys. Metaplanet, once a struggling hotel operator, is now among the top global corporate holders of the cryptocurrency.

Other Tokyo-listed firms joined in August. Remixpoint added 41.5 BTC, bringing reserves to 1,273 BTC. Fashion retailer ANAP acquired 11.68 BTC through its investment arm, while Agile Media Network continued incremental purchases. Def Consulting also announced plans for a treasury program.

At the Bitcoin Asia 2025 conference, Eric Trump added fuel to bullish sentiment, where Eric Trump predicted the cryptocurrency could reach $1 million per coin and described China as “a hell of a power” in the digital asset economy.

Data from BitcoinTreasuries shows Asia’s biggest corporate holders now include Cango Inc. and Bitfufu, holding more than $570 million and $200 million in Bitcoin, respectively.