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Crypto Pulse Daily: Metaplanet Bets Big on Bitcoin With $137M Stock Raise

Crypto Moves Faster. Stay Ahead With Bold Insights, Every Day.

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CoinGape Newsletter
January 29, 2026

2026 has brought stagnation to the crypto scene, especially the meme coin market. Price action shows investor caution; the market lacks any standout moves. The lack of action within an otherwise market-centric niche is making investors look elsewhere.

Bitcoin treasury firm Metaplanet on Thursday said it plans to raise almost $137 million through stock offering and warrants to purchase more Bitcoin. Asia’s MicroStrategy is yet to make its first BTC buy this year to reach the 100,000 BTC target by year-end.

Gold and the S&P 500 have been making impressive strides recently, with Bitcoin holding a strong support level at $88,000. This wave has led to a global Risk-on wave. The trends are causing investors to pour more resources into risky assets due to the hope of economic growth. The S&P 500 reached new heights of 7,000. In the meantime, gold hit an impressive peak of 5,500 per ounce despite the crypto market sell-off over the past 24 hours.

There were also geopolitical tensions that added to the risk-off sentiment. This week saw the heightening of tensions between the US and Iran.

Hyperliquid price has experienced a notable surge recently, seeing impressive gains over the past 24 hours. 

The HYPE surged by 20%, making it one of the top gainers in the crypto market. HYPE gained more than 60% in the last week, outdoing Bitcoin, Ethereum, and other top cryptocurrencies.

The overall crypto marketcap ha seen a recovery with a 2.06% rise. Additionally, HYPE price has surged by over 50 % over the past week, to $34.57. This is a price improvement that is attributed to the surge in the site as more traders join the expanding market.