Metaplanet Invests $126.7M in 1,241 BTC, Bringing Total to 6,796 BTC
Japanese investment firm Metaplanet has spent $126.7 million to buy 1,241 BTC in its latest acquisition. This increased its total holdings to 6,796 BTC, valued at $608.2 million at $89,492 per token. Simon Gerovich, Metaplanet’s Chief Executive Officer (CEO), broke the latest purchase news on X, sparking widespread reactions among market participants. According to the CEO, Metaplanet spent an average of $102,119 per BTC in its latest procurement. In addition, the company’s year-to-date returns have soared to about 170%. On its verified X handle, Metaplanet noted that it funded the Bitcoin investments via capital market activities and operating income. The company also disclosed its quarterly yield from when it started purchasing BTC. Metaplanet Intensifies BTC Purchases in May In April, Metaplanet announced five Bitcoin acquisitions, totalling $149.1 million for 1,650 BTC. However, Metaplanet has purchased Bitcoin twice in May. Metaplanet’s first purchase of the month was on May 7. The investment firm added 555 BTC to its Bitcoin stash after spending $53.4 million, acquiring BTC at $96,134 per token. Overall, Metaplanet has spent $180.1 million purchasing Bitcoin this month. In addition, Metaplanet has procured 1,796 BTC in May, exceeding the total amount the investment firm bought in April. Metaplanet Now Owns More BTC than El Salvador In a May 12 tweet, Gerovich reflected on Metaplanet’s Bitcoin investments. The CEO noted that Metaplanet’s Bitcoin holdings have exceeded El Salvador’s. “From humble beginnings to rivalling nation-states, we are just getting started,” Gerovich added. On May 11, news broke out that El Salvador bought an additional 7 BTC, increasing the amount of tokens in its national reserve to 6,173 BTC, valued at over $637 million. In December 2024, El Salvador and the International Monetary Fund (IMF) sealed a $1.4 billion loan deal. The agreement stipulates that the Central American nation must nullify the Bitcoin legal tender rule and embrace voluntary BTC payments. The deal also prohibited El Salvador from using public funds for its Bitcoin investments. However, the Central American nation has flaunted the agreement with consistent BTC acquisitions. Earlier this year, the IMF reminded El Salvador of their agreement. In response, El Salvador’s President Nayib Bukele rejected the IMF request. He stated that his country would not bow to pressure from the IMF. Instead, the nation will intensify its Bitcoin investments.
Best Places to Spend Crypto in Singapore
55% of Singaporeans believe crypto will be widely accepted by everyday people and businesses. It’s no surprise then that more and more places in Singapore are starting to accept cryptocurrency as payment. But finding these places can be a challenge if you don’t know where to look. We’ve done the legwork and rounded up the best places where you can use your crypto in the Lion City. Let’s get started! Key Takeaways S/N Best Places to Spend Crypto in Singapore Categories 1 Volkswagen Group Singapore Automotive 2 Charles and Keith Fashion 3 Novelship E-commerce (Sneakers & Streetwear) 4 Sarnies Café Coffee Shop/Café 5 BullionStar Bullion Dealers 6 Uchu Wasi Restaurant (Latin American) 7 JooBar Restaurant (Korean) 8 EuroSports Global Car Dealers (Lamborghini, Alfa Romeo) 9 Maison Ikkoku Restaurant (Japanese) Volkswagen Group Singapore Supported Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Additional cryptocurrencies supported through FOMO Pay Volkswagen Group Singapore (VGS) made automotive history on August 14, 2025, by becoming the first car distributor in Singapore to accept cryptocurrency payments for vehicle purchases and aftersales services. As the authorized distributor for Volkswagen, Škoda, and CUPRA brands, VGS partnered with FOMO Pay—a Major Payment Institution licensed by the Monetary Authority of Singapore—to enable digital currency transactions. This initiative responds to Singapore’s growing digital asset adoption, where approximately 26% of residents now own cryptocurrencies. Charles and Keith Source: Charles and Keith Category: Fashion Supported Cryptos: Bitcoin, Ethereum, and Tether (USDT) A Singaporean fashion brand, CHARLES & KEITH, is a great place to spend your crypto. Founded in 1996, this brand is known for its stylish footwear, handbags, accessories, and kids’ clothing. In Singapore, CHARLES & KEITH has several stores where you can shop using cryptocurrencies like Bitcoin, Ethereum, and Tether (USDT). Whether you prefer to shop online or in-store, the brand makes it easy to use digital currency for your fashion needs. 3. Novelship Supported Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT/Tether), All cryptocurrencies supported by Binance Pay Novelship is Southeast Asia’s largest online marketplace for authentic limited-edition sneakers, streetwear, and collectibles, serving customers across Singapore, Malaysia, Indonesia, Australia, New Zealand, and Taiwan. Since March 2022, Novelship has accepted cryptocurrency payments through partnerships with TripleA (a MAS-licensed payment gateway) and Binance Pay. The platform goes beyond just accepting crypto for purchases since June 2022, sellers on Novelship can also opt to receive their payouts in cryptocurrencies, with instant settlement compared to traditional methods that take 3-7 business days. Since introducing crypto payments, over USD $250,000 worth of sneakers have been purchased with digital currencies on the platform. Every item sold through Novelship is carefully curated and professionally authenticated, ensuring buyers receive genuine products from brands like Nike, Air Jordan, Yeezy, Supreme, and KAWS. Read Also: Spend Crypto Privately: Your Guide to Crypto Debit Cards Without KYC Uchu Wasi Source: Uchu Wasi Category: Restaurant Supported Cryptos: Bitcoin, Ethereum, Bitcoin Cash, USDT, USDC, Litecoin, and Others. This Latin American restaurant and store not only brings the rich flavors of Latino cuisine to the city but also makes it easy to pay with Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. Since 2008, Uchu Wasi has been dedicated to sharing Latin American culture through its food and beverages. They offer a variety of sought-after ingredients, making it a go-to spot for anyone who loves Latino flavors. JooBar Source: JooBar Category: Restaurant Supported Cryptos: Bitcoin (BTC). JooBar is a stylish and cozy spot in Singapore where you can enjoy delicious modern Korean food and creative drinks. Located in a charming three-story heritage shophouse on Tan Quee Lan Street, you can pay for your meal using Bitcoin through the Lightning Network, which allows for fast and low-fee transactions. Sarnies Café Source: Sarnies Café Category: Coffee Shop Supported Cryptos: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Tether (USDT), Solana (SOL), and more Known for its freshly made gourmet sandwiches, soups, salads, and homemade bakery treats, Sarnies is also a go-to spot for top-quality coffee and tea. Since December 2021, Sarnies has been accepting cryptocurrency payments, making it a convenient choice for those who prefer digital currencies. Customers can pay with Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Tether (USDT), Solana (SOL), and more. EuroSports Global Source: EuroSports Global Category: Car Dealers Supported Cryptos: Bitcoin (BTC), Bitcoin Cash, Ethereum, Paxos, Gemini USD, Euro Coin Established in 1998, EuroSports Global sells and services ultra-luxury automobiles, including Lamborghini and Touring Superleggera, and now accepts crypto payments. This makes buying high-end cars easier and more convenient, especially for international customers. By using crypto, buyers can enjoy lower transaction fees and faster cross-border payments. BullionStar Source: BullionStar Category: Bullion Dealer Supported Cryptos: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Buy gold and silver easily with crypto at BullionStar, Singapore’s top bullion dealer. Founded in 2012, BullionStar offers a wide range of precious metals, including gold, silver, and platinum bars, coins, and even jewelry. One of the best things about BullionStar is that you can buy and sell bullion using cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. This makes it easy for crypto holders to convert their digital assets into physical gold and silver or get paid in crypto when selling their bullion. Maison Ikkoku Source: Maison Ikkoku Category: Restaurant Supported Cryptos: Bitcoin (BTC), Tether (USDT), Binance Coin (BNB), and Ethereum (ETH). This award-winning modern Japanese restaurant and cocktail bar has been around for over a decade. To celebrate its 10th anniversary, Maison Ikkoku introduced Singapore’s first-ever Crypto Brunch, offering delicious dishes with fun crypto-inspired names like Wen Lambo, a grilled rack of lamb. Since then, the restaurant has fully embraced cryptocurrency, allowing guests to pay for their Omakase meals and cocktails using Bitcoin (BTC), Tether (USDT), Binance Coin (BNB), and Ethereum (ETH). What Are the Pros and Cons of Crypto Payments? Like any payment method, crypto has its benefits and drawbacks. Pros Cons Tips for Spending Crypto in Singapore While not all businesses accept crypto directly, there are many ways to spend your digital assets easily. Get a Crypto Debit Card A