In the world of cryptocurrency today, several significant developments unfolded that could reshape market dynamics. Prediction market Polymarket gained attention for accurately forecasting the resignation of Canadian Prime Minister Justin Trudeau, a move officially confirmed by Trudeau on January 6. Rumors of his departure had been circulating, but Polymarket placed the likelihood at 80% before the formal announcement. The platform also projected a 91% chance that Conservative Party leader Pierre Poilievre, known for his pro-crypto stance, would be the next Prime Minister.
In another key event, MicroStrategy, a leading corporate investor in Bitcoin, announced its acquisition of 1,070 Bitcoins, purchased on December 30 and 31, 2024, at an average cost of approximately $94,004 per Bitcoin. The expenditure, amounting to $101 million, was disclosed in their latest SEC filing, and it marks their first Bitcoin purchase since the end of 2024. This acquisition was funded through the sale of shares under a convertible notes agreement.
Meanwhile, Japan’s Metaplanet revealed its ambitious goal to increase its Bitcoin holdings to 10,000 BTC by 2025. Currently holding 1,762 Bitcoins valued at $173.4 million, Metaplanet plans to employ strategic capital market tools to achieve this fivefold increase. CEO Simon Gerovich highlighted the company’s commitment to fostering Bitcoin adoption both in Japan and globally, underscoring Metaplanet’s growing influence in the digital currency ecosystem.
