BTCC Launches $500K Trading Competition and Metaplanet Plans Bitcoin Acquisition
By: Isha Das
The cryptocurrency landscape is currently abuzz with two significant developments involving a major trading competition and a substantial Bitcoin acquisition plan. Firstly, BTCC, the longest-standing cryptocurrency exchange, has launched an ambitious trading competition with a prize pool of up to 500,000 USDT. Partnering with NBA All-Star Jaren Jackson Jr., BTCC has effectively woven the excitement of sports into the world of cryptocurrency trading. This partnership not only marks a milestone for BTCC but also showcases its intent to bridge the gap between mainstream sports and cryptocurrency markets.
Running until September 21, 2025, the BTCC x Jaren Jackson Jr. Trading Competition offers traders a unique chance to win impressive rewards, including exclusive signed jerseys. With a well-structured prize system based on trading volume, participants have the opportunity to share a 400,000 USDT pool, while a 100,000 USDT prize awaits the profit rate leaderboard winners. The excitement extends beyond traditional prizes to JJJ Glory Badges, digital rewards commemorating this crossover event. This competition is open to both new and existing users, adding an inclusive edge to the contest.
Meanwhile, on the other side of the globe, Japanese investment firm Metaplanet has unveiled plans to raise $880 million through an overseas share issuance, with the majority of these funds earmarked for purchasing Bitcoin. This move is part of Metaplanet's strategy to protect against the depreciating yen and inflation, while also enhancing its corporate value. The firm plans to issue 555 million new shares, significantly increasing its stock liquidity, and further positioning itself as a key player in corporate Bitcoin holdings alongside major firms like MicroStrategy.
Metaplanet’s ambitious fund allocation will see approximately $835 million directed towards Bitcoin acquisitions, enhancing their treasury reserves which currently stand at 18,991 BTC. Beyond acquisitions, Metaplanet intends to inject $44 million into its Bitcoin Income Business, aiming for ongoing cash flow by leveraging options strategies. This approach signals Metaplanet's deepening commitment to Bitcoin as both a reserve asset and revenue stream, thereby reinforcing its treasury-first model while forging stronger connections with global institutional investors.
