Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

On Monday, February 16, Bitcoin treasury firm Metaplanet released its fiscal 2025 financial report (ended December 31), posting a net loss of 95 billion yen ($619 million)—a sharp swing from the 4.44 billion yen ($28.9 million) net profit it reported for fiscal 2024. The loss stemmed primarily from a 102.2 billion yen ($665.8 million) valuation loss on its held Bitcoin holdings, which the company classified as a non-operating expense with no impact on cash flow or core operations. Despite the profit swing, Metaplanet emphasized its robust capital structure. The firm noted its balance sheet remains strong, with a 90.7% equity ratio—meaning even an 86% drop in Bitcoin prices would fully cover its liabilities and preferred stock obligations. As of December 31, key metrics included: - Liabilities: 46.7 billion yen ($304.2 million) - Net assets: 458.5 billion yen ($2.99 billion) - Held Bitcoin value: 481.5 billion yen ($3.1 billion) On the operational front, the company sa

On February 16, the X platform (formerly Twitter) experienced an outage. Per network status monitoring site DownDetector, 6,424 users in the UK and 11,266 users in the US have reported issues with the social media platform.

February 16, 2026 — Bitcoin Treasury’s Strategy and Ethereum Treasury’s BitMine have delayed the announcement of their respective last-week holdings increases, as U.S. stock markets are closed today. The update is now expected before tomorrow’s pre-market trading. Today marks Presidents Day, a U.S. federal holiday. Major U.S. exchanges including the New York Stock Exchange (NYSE) and Nasdaq are closed all day. Normal trading will resume tomorrow, February 17 (Tuesday).

Bitcoin has fallen below $69,000, last trading at $68,812 as of February 16, per HTX market data.

Feb. 16 — Bitcoin has rebounded above $70,000, currently trading at $70,034, per HTX market data, with a 1% gain over the past 24 hours.

On February 16, Coinglass data indicates that over the past 24 hours, the total net inflow of ETH into centralized exchanges (CEXs) hit 241,300 ETH. The top three CEXs by inflow volume are: - Binance: 242,200 ETH inflow; - Gemini: 2,594.94 ETH inflow; - Gate: 1,061.89 ETH inflow. Additionally, OKX saw an outflow of 3,326.46 ETH, topping the outflow rankings.