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PSX: Stocks maintain upward momentum, KSE-100 up 500 points

Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Thursday. At 9:45am, the benchmark index was hovering at 180,864.26, up by 553.05 points or 0.31%. Buying was seen in key sectors, including cement, commercial banks, fertiliser, OMCs and power generation. Index-heavy stocks,…

PSX: Stocks maintain upward momentum, KSE-100 up 500 points

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Metaplanet says $320 million bitcoin move was internal

Metaplanet has rejected speculation that it sold hundreds of millions of dollars worth of bitcoin, saying a large movement of cryptocurrency detected on-chain was an internal custody transfer and that…

  • Metaplanet clarified $320 million bitcoin movement was internal transfer, not sale.
  • Company transferred 5,014 BTC between custodial addresses in 24 hours.
  • Metaplanet holds 43,000 BTC valued at $2.7 billion despite recent losses.