Major Developments in Crypto: Trudeau Resigns, MicroStrategy Buys Bitcoin, Metaplanet Plans Expansion
In today's crypto news, Polymarket users accurately predicted the resignation of Canadian Prime Minister Justin Trudeau, with the prediction market placing the odds at 80% just before the official announcement. Trudeau stated that a new leader for the Liberal Party would be chosen through a robust process. Additionally, MicroStrategy announced the purchase of 1,070 Bitcoin at an average price of approximately $94,004 per BTC, totaling around $101 million, marking its first acquisition since late 2024. Meanwhile, Japan-based venture capital firm Metaplanet unveiled plans to increase its Bitcoin holdings from 1,762 to 10,000 BTC in 2025, backed by analysts who foresee a potential bull run in Bitcoin, predicting prices could exceed $200,000 this year. Metaplanet aims to utilize effective capital market tools while advancing Bitcoin adoption in Japan and globally.
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