TLDR
- Strategy has bought more BTC — this time buying almost 7k for nearly $600 million.
- Japanese firm MetaPlanet bought another 15 coins for a modest (lol) $12.5 million.
- Both companies have long-term buying plans for Bitcoin.
It’s been an eventful March for Bitcoin proponents, with two crypto-heavyweight companies, MetaPlanet and Strategy, making massive Bitcoin (BTC) acquisitions. Here are the details and why it matters if you’re navigating the turbulent waters of crypto.
Strategy’s Latest Bitcoin Haul
If you’re familiar with Strategy (formerly MicroStrategy), it’s no surprise they’re back at it again with the public display of Bitcoin devotion.
Between March 17 and 23, the company made waves by buying 6,911 BTC for roughly $584.1 million. This wasn’t some frenzied splurge either; Strategy averaged about $84,529 per Bitcoin during this period, according to an 8-K filing with the SEC.
What does this mean in the grand scheme of things?
Strategy now holds a staggering 506,137 BTC, valued at over $44 billion as of current prices. If you’re wondering how much of Bitcoin’s finite 21 million supply that is, the answer is about 2.4%.
Yes, two-point-four percent.
To put that into even sharper focus, Strategy’s total Bitcoin stash has cost it around $33.7 billion, averaging $66,608 per coin, including fees. Say what you will, but Michael Saylor, co-founder and executive chairman of Strategy, is all in.
The Strategy Behind Strategy
It probably seems like Saylor is a psycho on a made dash scoop up all the Bitcoin. Strategy has used proceeds from multiple fund-raising strategies to make these big buys.
First, they sold 1,975,000 MSTR shares for approximately $592.6 million, which is their own stock. But wait, there’s more. They’ve also been issuing preferred stock under a couple of ambitious-sounding programs.
- STRK Offering: The plan will raise $21 billion via perpetual strike preferred stock offerings. Last week alone, they sold 13,100 shares for $1.1 million, leaving $20.99 billion worth of STRK shares still available.
- STRF Offering: On Friday, they upsized a Series A Perpetual Preferred STRF Stock deal from $500 million to $722.5 million.
And don’t forget Strategy’s audaciously dubbed “21/21 plan,” a capital-raising blitz targeting $42 billion to use for Bitcoin acquisitions through various equity offerings and fixed-income securities.
Whether you think that’s genius or just outright risky (or somewhere in between), one thing is clear: Strategy’s pulling out all the stops to climb even higher on the Bitcoin treasury leaderboard.
MetaPlanet’s Measured Accumulation
While Strategy dominates the headlines, Japanese investment firm MetaPlanet is quietly executing its own Bitcoin acquisition game plan. This Tokyo-listed company purchased an additional 150 BTC for $12.6 million. Their per-Bitcoin price came to $83,801, slightly below Strategy’s recent buy average.
Since rolling out its Bitcoin adoption strategy in April 2024, MetaPlanet has stuck to a steady, incremental approach. And, apparently, they’ve got no plans to slow down.
Why Bitcoin Bulls Should Care
For anyone sitting on the sidelines or knee-deep in the crypto ecosystem, these big-money moves are signaling a continued bet from institutional players that Bitcoin is the new kid on the block. And more and more people are taking it seriously as an investment opportunity..
For Strategy, their offensive approach raises eyebrows. Selling their own stock and issuing preferred stock at breakneck speed for Bitcoin puts them in a high-stakes, high-reward position.
MetaPlanet, meanwhile, plays the long game. Their measured BTC investments offer steadier pacing, promising more gradual accumulation milestones in the years to come.
But the timing also speaks volumes. Both firms made their most recent purchases when Bitcoin hovered in the $83,000–$85,000 range, showing a vote of confidence in Bitcoin’s upward momentum.
Why Is This News Important For Crypto Users?
Whether you’re new to crypto or a seasoned investor, Strategy and MetaPlanet offer lessons. Diversification matters, timing makes a difference, and informed decision-making beats emotional trading.
And while watching these giants play whack-a-mole with financial instruments to secure their Bitcoin bags is fascinating, don’t forget to do your own research. These companies might be betting big, but your crypto portfolio should always align with your unique financial goals and risk appetite.
Institutional moves further solidify Bitcoin’s place in a financial landscape where skeptics still linger. “Haters gonna hate”. That’s what they do best. And the Bitcoin haters will always be around and always be vocal. Whether Bitcoin’s price meets expectations or takes detours along the way, Dypto Crypto believes the adoption from big players reinforces BTC’s growing importance as a digital store of value.
MetaPlanet & Strategy bought massive BTC in March, signaling bullish confidence. See why these moves matter for crypto investors like you.
