News Roundup — Metaplanet Overtakes Coinbase With 10K BTC, Becomes No. 9 Bitcoin Holder

Major news stories this week;

1. Metaplanet Overtakes Coinbase With 10K BTC, Becomes No. 9 Bitcoin Holder
2. Coinbase To Launch Bitcoin Rewards Card Powered by American Express
3. Ethereum ETF Inflows Reach Second-Highest Level in 2025 as ETH’s Market Confidence Climbs
4. US Senators Probe Stablecoin Plans by Facebook Parent Meta
5. PayPal’s PYUSD Stablecoin Surpasses $1 Billion Market Capitalization

Story Summaries;

1. Tokyo-based Metaplanet has overtaken Coinbase to become the ninth-largest bitcoin holder among publicly traded companies, now holding 10,000 BTC worth nearly $947 million. The company recently purchased 1,112 BTC for $117.2 million at an average price of $105,435 per coin. Metaplanet has aggressively pursued bitcoin accumulation since April 2024, backed by a $210 million zero-percent bond issuance and strong bitcoin yield performance. Its strategy has been well received, with shares rising 26% to 1,895 yen.
2. Coinbase is set to launch the Coinbase One Card with American Express, offering up to 4% Bitcoin rewards on purchases. Exclusive to U.S. Coinbase One members, the card also supports fiat spending and crypto access via mobile app. A new Basic tier at $4.99/month includes card access, fee-free trading up to $500/month, 4.5% APY on USDC, and $10/month in gas credits. The move follows a growing trend of crypto exchanges offering branded payment cards.
3. On June 11, Ethereum ETFs saw $240 million in net inflows - their second-highest in 2025 - highlighting growing investor confidence. BlackRock’s ETHA led with $160 million, followed by Fidelity, Grayscale, and Bitwise. Inflows have continued for 18 straight trading days, totaling about $1.2 billion. Ethereum ETFs now hold $11.05 billion in assets, roughly 3.25% of ETH’s market cap. The surge follows Ethereum’s Pectra upgrade, rising prices, and increasing U.S. regulatory flexibility, driving strong institutional interest.
4. U.S. Senators Elizabeth Warren and Richard Blumenthal are pressing Meta for details on its renewed stablecoin plans, warning that such efforts could threaten financial privacy, competition, and U.S. monetary control. Their inquiry follows reports of Meta exploring stablecoin integration across its platforms, echoing concerns from the failed Libra/Diem project. The senators fear Meta could exploit user data for targeted ads and surveillance pricing, and have asked CEO Mark Zuckerberg to respond by June 17.
5. PayPal’s stablecoin PYUSD has surpassed a $1 billion market capitalization, matching its all-time high from August 2024. After dipping to $498 million in January, PYUSD has doubled in value amid steady demand, particularly on Ethereum and Solana. Unlike last year’s spike driven by Solana incentives, this rise appears more organic. PYUSD is now the 10th-largest stablecoin in DeFi, reflecting the broader growth of the stablecoin market and increased institutional interest, following successes like Circle’s IPO.

And that’s all for last week’s news! Wishing you a great week ahead!