What's up with crypto today - stories and highlights

What's up with crypto today. Three big stories of the day so far: Metaplanet announced terms for a ¥212.9 billion international share offering to purchase Bitcoin, QMMM's stock price jumped significantly after the company revealed a $100 million digital asset treasury plan, and Cboe announced the launch of Bitcoin and Ether futures contracts.

Metaplanet announces ¥212.9 billion share sale for BTC purchase

Metaplanet will issue 385 million new shares priced at ¥553 each. The company expects to raise ¥212.905 billion, equivalent to approximately $1.44 billion. The funds will go toward Bitcoin purchases scheduled between September and October, and toward funding a Bitcoin income-generation business.

The payment date is September 16, with share delivery on September 17. The company allocated ¥183.711 billion of net proceeds for Bitcoin purchases and ¥20.412 billion for operations, including Bitcoin options trading. The offer price represents a 9.93% discount compared to a ¥614 reference price. After the share issuance, total outstanding shares will increase from 755,974,340 to 1,140,974,340. Metaplanet reported holding 20,000 BTC as of September 1.

Cboe plans to launch long-term Bitcoin and Ether futures

Cboe plans to list cash-settled Bitcoin and Ether futures contracts on November 10, pending regulatory review. The contracts are structured as single long-dated instruments with 10-year expiration periods.

The contracts will align with real-time spot prices through daily cash adjustments using a transparent funding-rate methodology. Cboe Clear U.S. will handle clearing for the contracts. Cboe described the product as a U.S.-regulated alternative to perpetual-style futures contracts.

QMMM stock rises after $100 million crypto treasury announcement

QMMM announced plans to build a cryptocurrency treasury targeting an initial scale of $100 million. The treasury will focus on Bitcoin, Ether and Solana, alongside a decentralized data marketplace. QMMM shares rose sharply following the announcement.

The company described an AI-and-blockchain platform for analytics and a Web3 autonomous ecosystem in its corporate statement. The statement specified the initial treasury target and asset allocation. QMMM stock rose over 2,100% during trading and closed up approximately 1,737% on Nasdaq.