Key Takeaways
- Strategy is the leading corporate holder of Bitcoin with 592,100 BTC worth over $63 billion.
- Michael Saylor is reportedly advising the Pakistani government on establishing its own Bitcoin treasury.
- Japanese BTC treasury firm Metaplanet aims to have 100,000 BTC by the end of 2026 and 210,000 by the end of 2027.
The world’s wealthiest corporate holder of Bitcoin (BTC), Michael Saylor’s Strategy, has just acquired 10,1000 BTC worth over $1 billion.
This follows the successful launch of its third Bitcoin-backed preferred stock, STRD, which has raised hundreds of millions to secure even more BTC.
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A Billion in Bitcoin
As per the latest disclosure from Strategy, the firm has purchased a massive 10,100 BTC for $1.05 billion, costing the firm $104,080 per Bitcoin token.
This is Strategy’s second purchase so far this month. It now commands a gigantic 592,100 BTC worth $63.14 billion, purchased at an average of $70,687. Its portfolio carries an unrealized profit of roughly $21.2 billion with BTC trading around $106,000.
The announcement arrives shortly after Strategy’s third BTC-backed preferred stock, STRD , began trading last Wednesday. With this stock, Strategy initially eyed a $250 million initial public offering (IPO) raise through STRD in order to fuel its BTC purchases, but increased this to almost $1 billion .
Earlier today, Saylor praised the team at Japan’s leading Bitcoin treasury firm, Metaplanet, which in 2024 took a leaf out of Strategy’s playbook and became a Bitcoin-first company.
Metaplanet’s Rise
In response to Saylor’s purchase, the CEO of Metaplanet, Simon Gerovich, humourously asked Saylor to “leave some for the rest of us”, highlighting that this one purchase is worth the entirety of Metaplanet’s portfolio.
Indeed, the news coincides with Metaplanet’s aggressive pursuit to acquire satoshis, which has seen the firm reach its 10,000 BTC goal today.
Having achieved this milestone roughly 6 months ahead of schedule, Metaplanet has ambitiously moved the goalpost, and instead of acquiring 21,000 BTC by the end of 2026, it is aiming to own 100,000 BTC.
It will fuel these purchases with a gigantic $5.4 billion raise for Bitcoin through a special equity financing plan, which will issue 555 million shares through moving strike warrants.
By the end of 2027, Metaplanet plans to own 210,000 BTC, or 1% of its total supply.
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