Institutional Bitcoin accumulation does not show any signs of delay as a strategy and metaplanet last week bought nearly 6,000 BTC and continued their aggressive acquisition strategies.
According to their individual announcements on 30 June, the two companies took over 5,985 BTC, where they invest around $ 640 million in the process.
Strategy is getting closer to 600k BTC
Strategy, the largest company holder in Bitcoin, has added according to a 30 June 4,980 BTC for $ 531.1 million submit With the US Securities and Exchange Commission (SEC).
This brings its total possession to 597,325 BTC, now valued at more than $ 64 billion. The average purchase price is $ 70,982 per bitcoin, with total acquisition costs for $ 42.4 billion.
After this purchase, the strategy is now less than 3,000 BTC removed from surpassing the 600,000 BTC marking.
Strategy said it sold 1.3 million MSTR shares last week to finance the purchase, which resulted in around $ 519.5 million. It added that it still has around $ 18 billion in MSTR shares to finance future BTC acquisitions.
In the meantime, this marks the first time in more than three weeks that strategy used its MSTR Equity issue program to finance Bitcoin purchases.
In commentary on the timing, Bitcoin analyst Michael Sullivan described the movement as ‘tactical’, remark That:
“This was perhaps the most important week that Saylor ever had to ensure that the Bitcoin price remained raised … So of course they used the MSTR ATM. A decrease in the short-term in stock price is worth the long-term and guaranteed S&P qualification.”
The company, guided by Michael Saylor, has also sold extra shares of its eternal preference offer, including 276,071 STRK shares for $ 28.9 million and 284,225 STRF shares for $ 29.7 million.
Metaplanet adds 10,000 BTC in 3 months
According to a statement of 30 June, the Metaplanet established in Japan is now the fourth largest public Bitcoin holder after the acquisition of 1,005 BTC for $ 108 million.
The purchase pushed its total interests to 13,350 BTC, which were purchased at an average price of $ 97,832 for a total investment of $ 1.31 billion.
Metaplanet CEO Simon Gerovich emphasized the rapid expansion of the company, and pointed out that the company had only 3,350 BTC three months ago. He said:
“Now we have added 10,000 to reach 13,350 BTC.”
The Japanese Tokyo Stock Exchange has responded to the growing credibility of Metaplanet by announcing the removal of margin trade restrictions on the shares of the company, with effect from 1 July.
Since the use of a Bitcoin-oriented treasury strategy in 2024, the shares of Metaplanet have risen by more than 8,000%, which shows strong investor support for his aggressive crypto positioning.
