0
0
News

Strategy, Metaplanet Announce Significant BTC Buys

Strategy's latest purchase adds $1.3 billion of the asset to the firm's coffers, while Japan's Metaplanet added $126M in bitcoin.
0
0
May 12, 20251 min read

Strategy has purchased 13,390 BTC for $1.34 billion, growing its holdings to 568,840 BTC and doubling down on its Bitcoin treasury strategy. Meanwhile, Japanese investment firm Metaplanet has bought another $126.7 million worth of bitcoin, taking its total holdings to 6,796 BTC.

What’s the Scoop?

  • Massive Purchase: Strategy acquired an additional 13,390 BTC for $1.34 billion at an average price of $99,856 per bitcoin between May 5 and May 11. The company now holds 568,840 BTC, worth over $59 billion, representing more than 2.7% of Bitcoin’s fixed supply.
  • Equity Sales: The recent purchases were funded through the sale of Strategy's class A common stock (MSTR) and perpetual preferred stock (STRK).
  • Corporate Bitcoin Leader: Strategy remains the leading corporate Bitcoin holder, amid growing interest in Bitcoin treasury strategies by over 70 companies.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.