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Metaplanet stock is in a free fall; Bitcoin pivot a dud
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Metaplanet stock is in a free fall; Bitcoin pivot a dud

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Metaplanet stock price is in a free fall, erasing some of the gains made after its pivot to Bitcoin accumulation. 

Summary

  • Metaplanet share price has slumped by 63% from the year-to-date high.
  • Bitcoin treasury stocks have plunged in the past few months.
  • Technical analysis points to more downside in the coming weeks.

Metaplanet shares have plunged to ¥709, their lowest level since May 19, and 63% from their highest point this year. This performance makes it one of the worst-performing Bitcoin treasury companies in the industry.

Have Bitcoin treasury firms fallen out of favor?

Metaplanet, a Japanese hotel operator, has become one of the top Bitcoin accumulators. It has bought 20,000 coins, making it the sixth-biggest public holders of Bitcoin (BTC).

The company aims to emulate Michael Saylor’s Strategy (holder of 636,505 coins) by buying 210,000 coins over time. Its shareholders gave it the nod to raise $3.8 billion for further acquisitions. 

The Metaplanet stock price has plunged in the past few months as investors have soured on the industry. A closer look shows that most companies with Bitcoin in their holdings have all slumped. 

MSTR stock price has plunged by over 20% from its all-time high. Similarly, companies such as American Bitcoin, MicroCloud Hologram, and Bullish have all experienced a slump.

The stock has also dropped because of concerns about it valuation in relation to its Bitcoin holdings. Its current Bitcoin holdings are worth $2.2 billion, much lower than the enterprise value of $5 billion. As such, investors may be getting concerned about the $2.79 billion gap in its valuation.

Metaplanet share price may be plunging because of profit-taking among investors. Despite its recent crash, it is one of the best-performing Japanese stocks, having jumped by over 3,980% from its lowest level in 2024. 

Metaplanet stock price technical analysis

Metaplanet stock chart | Source: TradingView

The daily timeframe chart shows that the Metaplanet share price has been in a freefall in the past few months. It has moved from a high of ¥1,930 to ¥709 today. 

This freefall may continue as it crossed the critical support level at ¥723, its highest swing in February this year. It is about to form a death cross pattern as the 50-day and 200-day Weighted Moving Averages near their crossover. 

The Average Directional Index has moved to 32, a sign that the trend is strengthening. Therefore, the stock will likely continue plunging as sellers target the key support at ¥500. This sell-off will accelerate if Bitcoin price continues moving sideways.



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Strategy Stock Falls as Robinhood Beats It to S&P 500 Inclusion

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Michael Saylor’s Strategy (MSTR) missed out on being added to the S&P 500 index on Friday, despite hopes of inclusion after the company posted one of the strongest quarters in its history and met all criteria for joining the index.

The stock of the largest corporate bitcoin BTC$110,637.97 holder declined nearly 3% after market hours, erasing all of Friday’s gains. The inclusion would have been a significant milestone for the company and for the industry as it would have exposed millions of average investors and portfolio managers to the company, potentially acting as a bullish catalyst.

In a surprise move on Friday, the digital trading platform Robinhood (HOOD), with growing crypto ambitions, was included in the S&P 500 index, driving the stock 7% higher after the market close. The changes will go into effect on September 22.

Before Friday, only two crypto-linked stocks were part of the index: Crypto exchange Coinbase (COIN) and Jack Dorsey’s Block (XYZ). Robinhood will now be added to this coveted list.

Read more: Strategy Qualifies for S&P 500, Inclusion Decision Could Come on Friday



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This UGREEN USB-C Charger Drops to a Practically Free, Stock Up for Samsung and Apple’s New Devices

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There are too many devices and not enough outlets in my life. My phone, tablet, headphones, and everything else are in a constant battle to get plugged into my nearest USB-C port. If this is your life too, you need to upgrade from the cube that came with your phone to something much more useful. This UGREEN 65W USB-C charger has multiple ports to plug your stuff into so you can recharge all your devices at once. The charger normally goes for $50, but for a limited time, you can scoop one up for 40% off. That discount brings the price down by $20, so you’re only paying $30.

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Ultra-Fast Charging

This UGREEN charger is pretty powerful despite its small size. It’s got two separate USB-C charging ports as well as a USB-a charging port, and can hit a max fast-charging output of 65W. To put some numbers on that, a MacBook Air M2 can go from zero to over 50% in just 30 minutes. The charging block supports Samsung Super Fast Charging 2.0. The S24 Ultra can be brought up to 50% in just 19 minutes. An iPhone 15 Pro will go up to 60% in only 30 minutes.

The charger is about 55% smaller than a MacBook charger, measuring in at only 2.08 inches by 1.57 inches by 1.25 inches. And because it’s so small, it will only take up a single outlet on a power strip. Huge pet peeve whenever manufacturers make their bricks so big they take up two or sometimes even three of them. Not and issue here.

Designed for portability, the prongs of the plug can be folded back into the brick. This let’s you toss it into your bag or pocket without risk of those little bits getting caught on anything or breaking.

USB-C and USB-A are pretty universally compatible at this point. So that means this UGREEN charger can be used with your phone whether it’s an iPhone or an Android from Google, Samsung, and more. It’ll work on a pair of JBL earbuds. It can even charge your Steam Deck or Nintendo Switch.

UGREEN designs its charges with safety in mind. The upgraded Thermal Guard protection system can safeguard your devices from overheating or short circuiting. No worry with leaving them plugged in.

For a limited time, you can grab yourself one of these UGREEN 3-in-1 USB-C and USB-A universal chargers on sale. Amazon’s limited-time discount has shaved 40% off the price, bringing what you pay down to just $30.

See at Amazon



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Cathie Wood’s Ark Invest Buys Figma Stock Amid 20% Post-Earnings Drop

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In brief

  • Figma stock dropped nearly 20% to $54.56 on Thursday after its first quarterly earnings since going public.
  • Ark Invest Tracker data showed more than 100,000 shares added to ARKW, though the disclosure has not yet been confirmed in ARK’s public filings
  • ARK’s purchase is a “textbook” Cathie Wood move, Decrypt was told.

Ark Invest, the New York-based investment firm led by Cathie Wood, has added more than 100,000 shares of Figma to its ARKW ETF, following a nearly 20% drop in the stock after the company’s first earnings report since going public.

The disclosure came via the popular Ark Invest Tracker X account but has not yet been independently confirmed by ARK’s public filings. Decrypt reached out to Ark Invest for comment, but did not immediately receive a response.

The stock purchase is consistent with Ark’s past strategy of adding to high-growth names during periods of weakness, according to Dan Dadybayo, research and strategy lead at Unstoppable Wallet, a non-custodial, open-source crypto wallet.



The purchase is “a textbook Cathie Wood move: leaning into volatility and backing companies she sees as long-term disruptors,” Dadybayo told Decrypt.

In July 2025, the firm bought about 143,000 Tesla shares after an earnings selloff, while trimming roughly 34,000 Coinbase and 68,000 Roku shares as sentiment shifted, according to a report from financial analytics firm Barchart.

Despite the slide in shares and selloff, ARK appears to be “signaling conviction that Figma’s collaborative design moat, product momentum, and high margins outweigh short-term execution risks,” he added.

Such a stance could “reframe the drawdown as an overreaction” and “attract other growth-focused investors who share a long-term horizon,” Dadybayo said.

Figma, which went public in July, reported revenue of $249.6 million for the quarter, up 41% from a year earlier. Rising expenses and thinner margins fueled doubts about its ability to sustain early momentum, sending shares down nearly 20% to $54.56. 

The company forecast adjusted operating income of $90–100 million, guidance that erased much of the stock’s post-IPO premium.

The company also disclosed around $90 million in Bitcoin held through an ETF. CEO Dylan Field, however, maintained that Figma is not a “Bitcoin holding company,” and is instead focused on design.

While Figma’s Bitcoin stash represents roughly 6% of its treasury, the hold does not “fundamentally change its risk profile,” Dadybayo said.

Instead, positioning with Bitcoin suggests that companies putting the digital asset on their balance sheets are “recognizing macro trends,” he explained.

“It’s sentiment-driven: when the founder of a major design company holds Bitcoin, it suggests he’s positioning in the right direction without turning Figma into a crypto play.”

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Not Very Bullish? Peter Thiel-Backed Crypto Stock Is Overpriced, Says Compass Point

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In brief

  • Crypto exchange Bullish debuted on the New York Stock Exchange in August.
  • Its stock soared to more than triple the initial offering price.
  • But analysts at Compass Point say it’s currently trading too high.

Analysts at investment bank Compass Point initiated coverage of crypto exchange Bullish with a neutral rating and a $45 price target, about 16% below its current price, and amid wariness about its ability to crack the U.S. market.

Ed Engel and Abdullah Dilawar wrote that the U.S. Congress had yet to pass the CLARITY Act, market structure legislation that would clarify the jurisdictions of the Securities and Exchange Commission and Commodity Futures Trading Commission. New York State’s restrictive BitLicense could also hinder Bullish’s efforts, they wrote.

“We have a hard time seeing Bullish entering U.S. markets until Congress passes market structure legislation,” the analysts wrote. “Until then, NYDFS [New York Department of Financial Services] is viewed as the industry’s de facto U.S. regulator.”

They added: “NYDFS is historically less hospitable to novel blockchain technologies which leaves us cautious towards Bullish’s Bitlicense approval. While the company is extremely transparent with its AMM [automatic market maker]  liquidity and algorithm, we have a hard time seeing NYDFS issues a Bitlicense to an exchange that acts as a market maker on its own exchange.”



Bullish shares (BLSH) closed down 12% Wednesday to trade a little over $54. The Peter Thiel-backed exchange debuted on the New York Stock Exchange last month, with shares hitting as high as $118 after being offered for $37 in the IPO. The analysts noted that BLSH seemed overvalued with shares trading at 110 times their core operating profit and 68% over its IPO price.”

Despite their concerns, the analysts wrote that if Bullish secures a U.S. license, it could become a formidable competitor to Coinbase, which dominates institutional trading in the U.S., noting Bullish’s low fees. 

“We think there could be a better buying opportunity within 1-2 quarters,” the analysts wrote.

They also wrote: “We believe competitive pricing can help it take market share from Coinbase which dominates institutional spot markets,” the analysts wrote. “COIN’s institutional fee rates are above international exchanges alongside limited competition domestically.”

Bullish allows clients to buy, sell, and bet on the future price of digital coins and tokens, with a focus on institutional investors rather than retail traders. It currently targets traders in Europe and Hong Kong.

Coinbase—America’s biggest exchange (COIN)—went public in 2021. Its share price is down more than 11% since then, despite reaching an all-time high of $444 in July. 

Bullish’s debut follows closely after other public offerings by crypto-focused companies. San Francisco-based Circle, which issues the USDC stablecoin, had a roaring June NYSE debut when its stock tripled from its original IPO price of $31 per share to a peak of $299. It was recently trading at close to $119. 

And brokerage platform eToro’s stock closed 29% higher following its Nasdaq debut in May.

Bullish CEO Tom Farley, who previously was NYSE’s president, said in August that the firm timed its IPO to the intended to IPO as “the digital assets industry is beginning its next leg of growth.”

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Trump Bros’ American Bitcoin Mining Stock Soars, Then Plunges During Public Debut

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In brief

  • Trump-backed American Bitcoin jumped over 80% in its Nasdaq debut before quickly losing its gains amid multiple trading halts.
  • Formed through mergers with Hut 8 and Gryphon Digital Mining, the firm, backed by Eric Trump and Donald Trump Jr, plans a $2.1 billion stock sale to buy more Bitcoin and mining equipment.
  • The launch follows a wave of crypto IPOs boosted by the Trump administration’s pro-crypto policies.

American Bitcoin, a newly public Bitcoin mining and treasury firm backed by Eric Trump and Donald Trump Jr, raced out of the gate during its Wall Street debut Wednesday, surging briefly before falling back down to earth. 

Within minutes of debuting on the Nasdaq, the stock, ABTC, pumped from $7.59 to $13.93, a leap of over 83%. It has since shed much of those gains, falling to $9.26 at writing. Even so, it’s up 34% on the day.

Along the way, the flashy debut certainly sparked excitement among traders, triggering seven separate trading halts on the Nasdaq, due to price volatility. 



Just prior to Wednesday’s market opening, American Bitcoin also filed with the SEC to sell up to $2.1 billion worth of Class A common stock shares. The proceeds from the sale will be used to purchase more Bitcoin and Bitcoin mining machinery.

American Bitcoin formed when the Trump brothers merged their own business entity earlier this year with Hut 8, a Canadian Bitcoin mining firm. The joint venture, which Hut 8 retains an 80% stake in, then went on to combine with Gryphon Digital Mining via a stock-for-stock merger. Gryphon was already publicly traded.

American Bitcoin now seeks to operate as both a publicly traded Bitcoin treasury firm and as an active Bitcoin mining operation. The company currently owns 2,443 BTC, a sum worth $273.68 million at writing.

In recent months, digital asset companies have fared well in Wall Street debuts, in large part thanks to the exceptionally permissive regulatory environment fostered by the Trump administration with respect to crypto. 

On Tuesday, two other prominent Trump allies, Tyler and Cameron Winklevoss, filed to take their crypto exchange, Gemini, public, with a target valuation of $2.3 billion. Gemini was previously the subject of a yearslong SEC lawsuit over its crypto lending program, until the Trump administration indefinitely paused the litigation.

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This Gaming Mini PC with Ryzen 7 5825U Costs 5x Less Than a MacBook Pro, Amazon Clearing Final Stock
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This Gaming Mini PC with Ryzen 7 5825U Costs 5x Less Than a MacBook Pro, Amazon Clearing Final Stock

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Not all of us can buy a MacBook Pro or the new ASUS ROG gaming laptop. If your pocket is tight, there are surprisingly cheaper options that deliver just as much punch. One such option is the GMKtec M5 Plus gaming mini PC (Ryzen 7 5825U, 32GB RAM 1TB SSD), now available on Amazon at an unbeatable price of $319, originally priced at $400. This is a great discount and with such a price, it’s an excellent opportunity to acquire a mini PC for both gaming and office use.

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Great Gaming Mini PC

The GMKtec M5 Plus comes with an AMD Ryzen 7 5825U processor which is a modern processor that offers 8 cores and 16 threads. The processor is 2.0GHz in base speed but is capable of turbo boosting up to 4.5GHz when energy mode settings are optimized. This is significantly more efficient than previous generations like Ryzen 7 5700U with about 35% more performance.

Within the memory division, the M5 Plus comes equipped with 32GB of DDR4 RAM that runs in dual channel which is a rich provision for a mini PC in this range. If you ever need to push it further, the system is expandable up to 64GB. With such a figure of RAM, you can go about office tasks, heavy browsing sessions, and gaming without feeling any delay. Storage won’t hinder you either, with a speedy 1TB PCIe 3.0 SSD.

Networking is also addressed quite nicely with dual NIC LAN ports providing 2.5Gbps Ethernet speeds. That is a big bonus if you need good internet to stream or play online games. The speed of Ethernet here is way more than usual gigabit connections, eliminating lag and buffering. With WiFi 6E thrown in, you’ve got solid, quick wireless that handles multiple devices easily and Bluetooth 5.2 keeps your headphones, mouse, and keyboard plugged.

Its graphics are processed by the on-board AMD Radeon Graphics 8-core processor with a speed of 2000 MHz. Its GPU is tuned for games at medium settings, video editing, and ultra-smooth playback of 4K material. Display-wise, three 4K monitors simultaneously can be supported using DisplayPort, HDMI, and USB-C ports.

You get a lineup with USB 3.2 and USB 2.0 ports, USB-C that delivers power and has display outputs, a DisplayPort, an HDMI 2.0, and a single headphone and microphone port.

At $319, it’s a good idea to grab the GMKtec M5 Plus if you want a powerful and budget-friendly PC that can handle work and gaming. If you’re looking for a mini PC that can handle your everyday demands without the Apple-level price tag, this deal definitely deserves a look. Just keep in mind this is a limited-time offer so don’t wait too long before it slips away.

See at Amazon



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Revolut launches secondary stock sale at $75B valuation
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Revolut launches secondary stock sale at $75B valuation

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Revolut has begun a secondary share sale valuing the fintech at $75 billion, allowing employees to sell up to 20% of their holdings in one of Europe’s largest private tech transactions to date. 

Summary

  • Revolut has launched a $75B secondary sale, letting employees sell 20% of their shares.
  • The company nearly doubled revenue and profit in 2024, fueling strong investor demand.
  • Expansion into U.S. banking and crypto products strengthens its global growth path.

The deal, reported on Sept. 1 by Reuters, prices shares at $1,381 each and comes just a year after a $45 billion secondary sale led by Coatue, D1 Capital Partners, and Tiger Global.

The $75 billion figure underlines Revolut’s rapid ascent. The company reported $4 billion in revenue in 2024, almost twice as much as the previous year, and a $1 billion profit. With over 50 million users globally, it has developed a diverse business strategy that combines stock trading, payments, and a growing crypto arm.

Revolut’s valuation under scrutiny

The valuation leap also follows investor pressure for earlier sales at $60 billion and $65 billion this year, which the company rejected. Criticism has trailed Revolut’s expansion, with some investors warning that its private valuation exceeds comparable public fintechs.

Secondary markets like Forge still price Revolut shares below $1,000, yet the official tender sets a higher benchmark. For employees, the sale offers liquidity ahead of a potential 2026 IPO, expected to be in New York rather than London.

Revolut’s expansion and crypto push

The sale coincides with major growth moves. While continuing its global rollouts of services like Revolut X, a specialized cryptocurrency exchange app that was introduced earlier this year, Revolut is also working to obtain a U.S. bank charter, which would enable it to lend money across the country.

The company is testing a fiat-pegged stablecoin in Latin America and has developed advanced fraud-protection tools for cryptocurrency payments.

Together, these developments position Revolut as Europe’s most valuable private tech firm, outpacing rivals like Stripe in valuation momentum and cementing its role at the intersection of digital banking and crypto finance.



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Bank of China Stock Jumps Amid Rumours of Stablecoin Licensing Plans

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In brief

  • The Bank of China’s Hong Kong branch stock shot up by 6.7% on reports that it plans to apply for a stablecoin issuer license.
  • Hong Kong launched its stablecoin licensing regime in August.
  • Regulators have also urged caution to investors over speculation-driven price moves.

The Bank of China’s Hong Kong-listed shares rose by 6.7% on Monday, trading at HKD$37.58, after local media reports suggested that the bank’s Hong Kong unit is preparing to apply for a stablecoin issuer license.

The Hong Kong Economic Journal reported that the Chinese state bank’s branch had formed a dedicated task force to explore stablecoin issuance.

The Bank of China did not respond to a request for comment, but in last week’s results call it told investors it was researching digital asset applications and their risk management.

Hong Kong introduced its stablecoin licensing regime on August 1, requiring issuers to secure approval from the Hong Kong Monetary Authority (HKMA). The framework imposes strict requirements on reserve management, redemption guarantees, client fund segregation, anti-money laundering, disclosure and operator vetting. The rules came shortly after the U.S. passed its first federal stablecoin law, the GENIUS Act.

The city’s regime has already attracted interest from major financial institutions, including Standard Chartered.

Chinese tech giants JD.com and Ant Financial have also announced plans to seek licenses abroad for services targeting their international businesses, which could include applying in Hong Kong. JD founder Richard Liu said in June the company aims to use stablecoins to reduce cross-border payment costs, first for business-to-business transfers before expanding to consumers.

Vincent Chok, CEO of Hong Kong-based First Digital, told Decrypt the appeal of stablecoins lies in efficiency. “Blockchain technology reduces settlement times and bypasses the traditional intermediary fees of banks,” he said, adding that the opportunity is “especially pronounced in emerging markets, where growing stablecoin adoption provides users a hedge against currency volatility.”

While the cost advantage varies by corridor and transaction type, Chok noted that adoption is accelerating as regulation provides clarity. “The current trajectory suggests exponential growth in the next 2-5 years,” he added.



Still, Hong Kong regulators have urged restraint. In mid-August, the Securities and Futures Commission (SFC) and the HKMA jointly warned investors that market swings tied to licensing rumours may be misleading.

“These movements appear to follow corporate announcements, news reports, social media posts or speculations regarding plans to apply,” they said. “Given the significant uncertainties surrounding the outcomes of these preliminary plans or applications, the abrupt market movements… highlight the need to stay vigilant in these frenetic situations.”

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Meta Stock Drops On News It Used Taylor Swift As Chatbot Without Permission
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Meta Stock Drops On News It Used Taylor Swift As Chatbot Without Permission

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Meta has ignited a firestorm after chatbots created by the company and its users impersonated Taylor Swift and other celebrities across Facebook, Instagram, and WhatsApp without their permission.

Shares of the company have already dropped more than 12% in after hours trading as news of the debacle spread.

Scarlett Johansson, Anne Hathaway, and Selena Gomez were also reportedly impersonated.

Many of these AI personas engaged in flirtatious or sexual conversations, prompting serious concern, Reuters reports.

While many of the celebrity bots were user-generated, Reuters uncovered that a Meta employee had personally crafted at least three.

Those include two featuring Taylor Swift. Before being removed, these bots amassed more than 10 million user interactions, Reuters found.

Unauthorized likeness, furious fanbase

Under the guise of “parodies,” the bots violated Meta’s policies, particularly its ban on impersonation and sexually suggestive imagery. Some adult-oriented bots even produced photorealistic pictures of celebrities in lingerie or a bathtub, and a chatbot representing a 16-year-old actor generated an inappropriate shirtless image.

Meta’s spokesman Andy Stone told Reuters that the company attributes the breach to enforcement failures and assured that the company plans to tighten its guidelines.

“Like others, we permit the generation of images containing public figures, but our policies are intended to prohibit nude, intimate or sexually suggestive imagery,” he said.

Legal risks and industry alarm

The unauthorized use of celebrity likenesses raises legal concerns, especially under state right-of-publicity laws. Stanford law professor Mark Lemley noted the bots likely crossed the line into impermissible territory, as they weren’t transformative enough to merit legal protection.

The issue is part of a broader ethical dilemma around AI-generated content. SAG-AFTRA voiced concern about the real-world safety implications, especially when users form emotional attachments to seemingly real digital personas.

Meta acts, but fallout continues

In response to the uproar, Meta removed a batch of these bots shortly before Reuters made its findings public.

Simultaneously, the company announced new safeguards aimed at protecting teenagers from inappropriate chatbot interactions. The company said that includes training its systems to avoid romance, self-harm, or suicide themes with minors, and temporarily limiting teens’ access to certain AI characters.

U.S. lawmakers followed suit. Senator Josh Hawley has launched an investigation, demanding internal documents and risk assessments regarding AI policies that allowed romantic conversations with children.

Tragedy in real-world consequences

One of the most chilling outcomes involved a 76-year-old man with cognitive decline who died after trying to meet “Big sis Billie,” a Meta AI chatbot modeled after Kendall Jenner.

Believing she was real, the man traveled to New York, fell fatally near a train station, and later died of his injuries. Internal guidelines that once permitted such bots to simulate romance—even with minors—heightened scrutiny over Meta’s approach.



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