Strategy and Metaplanet Bought Combined $870 Million Worth of Bitcoin

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9 hours ago

Strategy and Metaplanet both announced huge Bitcoin buys on Monday, as the world's biggest cryptocurrency edges closer to fresh all-time highs.


On X, Michael Saylor confirmed the Bitcoin treasury company has snapped up another 7,390 BTC, costing a cool $764.9 million.


A typo in his initial post, which was quickly amended, initially suggested the acquisition was worth $764.9 billion.


Strategy's near-weekly purchases mean the former business intelligence firm now owns 576,230 BTC,or roughtly 2.74% of the digital asset's total supply.



Hours earlier, Saylor had predicted the "digital gold rush" will end in January 2035, telling his followers: "Get your Bitcoin before there is no Bitcoin left for you."


Meanwhile, Metaplanet is burnishing its reputation as Asia's answer to Strategy.


The Tokyo-listed firm revealed on X that it has added 1,004 BTC to its reserves, spending $104.8 million in the process.


Both of these transactions likely contributed to Bitcoin's brief surge above $106,000 over the weekend—just $3,000 away from uncharted territory.



Data from BitcoinTreasuries.net suggests Metaplanet now owns 7,800 BTC worth $803.7 million at current market rates.


An average purchase price of $91,340 per coin means it's sitting on paper profits of $90.9 million at the time of writing, a 12.7% gain.


While that's not to be sniffed at, MicroStrategy's reserves have appreciated by close to $20 billion since August 2020, which represents a 48.6% unrealized gain.


The announcement means Metaplanet appears well on track to hit its target of acquiring 10,000 BTC by the end of this year.





But a document uploaded to X shows that the company's Bitcoin yield, calculated by multiplying gains by market price, is dwindling.


This hit 309.8% between October and December 2024, falling to 95.6% between January and March. Incomplete figures for this quarter, from April 1 to May 19, suggest Metaplanet's BTC yield currently stands at 47.8%.


Saylor's confirmed that Strategy has achieved BTC yield of 16.3% so far in 2025, with the company's stock—which trades under the MSTR ticker on the Nasdaq—surging by 25.8% over the past month.


Edited by Stacy Elliott.


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