Today in crypto, Metaplanet won shareholder approval to revamp its share structure, enabling up to $3.7 billion in fundraising for its Bitcoin accumulation strategy. Losses to hacks hit $163 million in August as bad actors shifted their str…
Today in crypto, Metaplanet won shareholder approval to revamp its share structure, enabling up to $3.7 billion in fundraising for its Bitcoin accumulation strategy. Losses to hacks hit $163 million in August as bad actors shifted their strategy to focus on high-value targets, and crypto prices hit new highs. Meanwhile, the Trump family’s World Liberty stake also hit $5 billion after a major token unlock, with open interest in WLFI derivatives nearing $950 million.
Metaplanet clears path for $3.7B Bitcoin accumulation strategy
Japanese Bitcoin investment firm Metaplanet has secured shareholder approval to overhaul its capital structure, clearing the way for up to $3.7 billion in fundraising to support its Bitcoin accumulation strategy.
At a Monday extraordinary general meeting, investors backed plans to expand authorized shares to 2.7 billion and introduce a dual-class preferred stock system aimed at attracting diverse investors while preserving shareholder control.
The new structure offers Class A shares with fixed dividends for income-focused investors, and Class B shares that carry higher risk but can convert into common stock. Metaplanet described the move as a safeguard against dilution, while unlocking significant funding potential for its Bitcoin strategy.
Crypto thefts hit $163M in August as hackers shift strategy
Crypto hackers and scammers stole over $163 million from the crypto space in August across 16 separate attacks — with a social engineering attack against a Bitcoiner accounting for the lion’s share of losses.
Blockchain security firm PeckShield said in an X post on Monday that August’s losses are a 15% increase compared to July, which only recorded $142 million, though it’s down 47% year on year.
Cybersecurity experts told Coinelegraph the increase in August was driven by hackers shifting their efforts to high-value targets and the rise in crypto prices.
Both Bitcoin and Ether experienced new all-time highs in August. Bitcoin crossed over $124,000 on Aug. 14, while Ether stormed past $4,946 on Aug. 24.
Trump family’s World Liberty stake surges to $5B after token unlock
An entity tied to US President Donald Trump’s family now holds about $5 billion worth of World Liberty Financial’s governance token (WLFI) after a significant unlock on Monday.
According to World Liberty Financial’s website, DT Marks DEFI LLC and “certain family members” of Trump held 22.5 billion WLFI tokens. The company reported unlocking 24.6 billion WLFI tokens on Monday as part of a scheduled move to establish an initial circulating supply, briefly boosting the price to $0.40 before it fell to about $0.21 at time of publication.
World Liberty previously said the holdings of its founders — including Trump and his three sons, Donald Trump Jr., Barron Trump and Eric Trump — would initially remain locked. However, Monday’s unlocking effectively gave the Trump family’s stake a valuation of about $5 billion based on the WLFI price at the time of publication.
Trump and his sons endorsed the crypto company following its September 2024 launch, amid his presidential campaign. The project is one of many — along with his memecoin, Official Trump (TRUMP) and a family-tied Bitcoin (BTC) mining company — under criticism from lawmakers, saying they could be used to influence US government policies through financial ties to the president.
