Public tests: Strategy Eyes Dominance, Metaplanet Bitcoin Spercons and Coinbase XRP Boost

Public Keys is a weekly roundup of Decrypt That follows the most important listed crypto companies.

This week: Strategy is intended to become even bigger, Metaplanet becomes more ambitious with Bitcoin buying plans, and Coinbase emphasizes the shifting of Altcoin drivers in the midst of a profit miss.

Strategy doubled

Strategy wants his Bitcoin Treasury to be the largest business basket ever.

And yes, that means that the company is looking for Berkshire Hathaway from Warren Buffet, who is currently a Scrooge McDuck value $ 328 billion in cash and kasequalents on the couch that were on the bench from the first quarter.

We will get a better idea of how much money the Omaha Oracle is tomorrow, when his company publishes his Q2 results ‘on the internet’.

To catch up with the strategy, the company should see the value of its BTC companies more than double. And if Bitcoin manages to achieve the goal of $ 225,000 that benchmark is predicted before the end of 2026, paper profits can do most of the work.

Even if MSTR stops buying Bitcoin – it will not, I know – would be worth the current 628,791 BTC $ 141 billion if the active profit sees in the following year.

But we know that Michael Saylor is not ready to buy Bitcoin. In fact, he said during an interview with CNBC On Friday morning, the company wants to have up to 7% of the total Bitcoin offer.

‘I don’t think we’ll get everything about it [the Bitcoin]. I don’t think that in the range of 3-5% or 3-7% is too much, “he said.” We would not all want to possess it-we want everyone to have their play, “he said.

To that end, during its profit, the company said that it is planning to pick up another $ 4.2 billion to buy Bitcoin with preference supply supply this year.

Metaplanet’s Bitcoin Orbit

Metaplanet, a company of about 5% as large as the Bitcoin Treasury Idol strategy, collects almost as much money to buy Bitcoin.

The company announced an increase of $ 3.7 billion on Friday through a preferent supply offer on Friday. The eternal preference shares would pay a maximum of 6% dividends, the company said.

Metaplanet gives itself two years to complete the elevation.

Keep in mind that the Japanese company has previously said that by the end of 2027 it wants to keep at least 210,000 BTC. To do that, it must multiply its current interests by twelve -fold.

If Metaplanet could now do that in a magical way, it would easily only be second as MSST as the largest business -bitcoin holder.

Year-to-date, the stock price of Metaplanet has risen no less than 207% in the past year and an even more impressive 313%. But today the news about his monster increase did not feel that investors felt particularly bullish.

Metaplanet, which acts as MTPLF on OTC and 3350 on the Tokyo Stock Exchange, fell 7.65% during the Friday session and closed $ 7.18 or 1,063 yen.

Coinbase does not touch an alto gas

Coinbase’s profit miss revealed that XRP Ethereum eliminated as a transaction income director.

The Crypto Exchange, based in San Francisco, reported $ 1.5 billion in income, a dip of 25% compared to the previous quarter and 6% lower than the predictions of $ 1.59 billion analysts, according to FactSet data.

But XRP made a strong show among traders, according to the company’s Q2 shareholders letter. XRP accounted for 13% of the turnover of the transaction of the consumer, which defeated the 12% of Ethereum.

Alt season Fervor aside, is it time to worry about Coinbase? Bernstein analysts don’t think so.

The analysts of the company called Q2 the “quarter that doesn’t matter” in their last note, who repeated their outperform rating and $ 510 price target. Coinbase is currently priced at $ 316.

“Improving the crypto market structure and width with trade focus that goes beyond Bitcoin in Ethereum, Solana and other blockchains powered by stablecoins and assets tokenization,” the analysts of Bernstein wrote in a note with Decrypt. “This should stimulate improved trade volumes in H2, already reflected in guided transaction income in July (~ 44% higher versus Q2 average).”

They added that they are optimistic about the Exchange partnerships with leading banks, such as the new deal with JP Morgan, the company helps to position the ‘leading AWS of Crypto Financial Infra’.

Other Keys

• Tokenization, tokenization: Unfortunately for Robinhood CEO Vlad Teev, saying 11 times that “tokenization” will not make a controversy about private operating vessels during the profit call of his company. But Hood saw his turnover rise 45% in the second quarter, so that’s that.
• AI skip: Bitcoin Miner Mara Holdings caught some anti -aircraft weather this week to no longer make an effort to diversify his income further than the mining BTC. “All others are aimed at HPC, and Mara is a bit in his own world,” said Compass analyst Ed Engel Decrypt. “It’s different from what others do.”