- Strategy (formerly MicroStrategy) bought 705 BTC for $75.1M, now holds 580,955 BTC.
- Tokyo’s Metaplanet acquired 1,088 BTC for $117.3M, bringing its total to 8,888 BTC.
- These purchases show sustained corporate interest in Bitcoin as a long-term reserve.
Bitcoin investment firm Strategy, formerly known as MicroStrategy, has expanded its holdings with a new purchase of 705 BTC, valued at $75.1 million. Executive Chairman Michael Saylor disclosed the acquisition on X, bringing the company’s total Bitcoin reserves to 580,955 BTC.
According to Saylor, the company paid an average of $106,495 per Bitcoin during this latest transaction. The entire portfolio has been acquired at a combined cost of $40.68 billion, reflecting an average purchase price of $70,023 per BTC. The company’s current unrealized gains now stand at approximately $20 billion.
Equity Sales Fund Strategy’s Latest Bitcoin Acquisition
This most recent Bitcoin purchase was funded internally, through the liquidation of certain equity holdings. Between May 26 and June 1, Strategy sold 353,511 STRK shares, generating around $36 million.
The company also sold 374,968 STRF shares, which raised an additional $38 million. Together, these proceeds fully covered the cost of the new Bitcoin acquisition without requiring any external financing.
Related: Saylor’s Strategy Just Spent $427 Million More on Bitcoin
Metaplanet Follows Suit, Adds 1,088 BTC to Its Reserves
Meanwhile, Tokyo-based Metaplanet, which has adopted a similar Bitcoin accumulation model, announced the purchase of 1,088 BTC for approximately $117.3 million. Following this purchase, the company’s total holdings now stand at 8,888 BTC.
The continued acquisition activity by both companies highlights sustained interest in Bitcoin as a long-term reserve asset amid volatile conditions.
Related: Metaplanet Acquires Additional 1,004 BTC, Boosts Holdings to 7,800 Bitcoin
Bitcoin Maintains Uptrend with Increased Trading Activity
The timing of the acquisitions coincides with heightened trading activity in the Bitcoin market. Data from CoinMarketCap shows that Bitcoin was trading at $104,513.57 at the time of writing, representing a 0.22% increase over the past 24 hours. Trading volume rose by 20.79% during the same period, reaching $41.58 billion, indicating increased market participation.
Source: CoinMarketCap
Additionally, Bitcoin’s circulating supply stands at 19.87 million out of a maximum of 21 million, with a market capitalization of $2.07 trillion and a fully diluted valuation of $2.19 trillion. The volume-to-market cap ratio is currently at 2.02%, reflecting positive liquidity levels.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
