Strategy and Metaplanet Bitcoin acquisitions lift their holdings to 3.1% of supply

Strategy and Metaplanet expanded their Bitcoin (BTC) holdings connected Aug. 18, lifting their combined ownership to astir 3.1% of the full circulating supply. 

The acquisitions highlighted the relation of firm treasuries successful tightening disposable Bitcoin liquidity arsenic institutions proceed gathering exposure.

Growing the stash

Strategy Chairman Michael Saylor announced the firm’s latest purchase of 430 BTC successful an Aug. 18 station connected societal media. The acquisition was worthy astir $51.4 cardinal astatine an approximate terms of $119,666 per Bitcoin and has a BTC Yield of 25.1% this year.

With the latest addition, Strategy present holds 629,376 BTC, representing astir 3% of Bitcoin’s full supply. 

The institution invested implicit $46 cardinal with the mean terms per BTC astatine $73,320, resulting successful an unrealized nett of implicit $27 billion arsenic Bitcoin is priced astatine $116,535 arsenic of property time.

Metaplanet reported purchasing 775 BTC astatine an mean terms of ¥17.72 cardinal per coin ($119,853), totaling ¥13.73 cardinal successful expenditures ($92.8 million).

Following the acquisition, Metaplanet present holds 18,888 BTC acquired astatine a blended mean of ¥15.04 cardinal each ($101,726), with a cumulative concern of ¥284.1 cardinal ($1.9 billion).

Metaplanet has accelerated its Bitcoin treasury operations passim 2025, much than quadrupling holdings since March.

Together, Strategy and Metaplanet present bid astir 3.1% of circulating Bitcoin, a attraction that highlights the expanding relation of listed corporations successful the asset’s distribution.

Both companies trust connected superior markets to money their treasuries, amplifying the interplay betwixt equity valuations and Bitcoin accumulation. As these programs expand, the equilibrium betwixt shareholder dilution and treasury accretion volition stay nether adjacent capitalist watch.

Strategy updates accumulation policy

Strategy’s acquisitions person drawn renewed scrutiny pursuing its Aug.18 equity guidance update. 

The institution present categorizes issuance plans based connected multiples of nett plus worth (mNAV), stating it volition actively contented banal to bargain Bitcoin erstwhile trading supra 4.0x mNAV, and opportunistically contented betwixt 2.5x and 4.0x. 

Below 2.5x, issuances are constricted to indebtedness servicing and dividends, portion sub-1.0x levels whitethorn trigger buybacks utilizing credit. 

This model differs from guidance released little than 1 period earlier, which outlined stricter limits connected equity issuance beneath 2.5x mNAV. 

The station Strategy and Metaplanet Bitcoin acquisitions assistance their holdings to 3.1% of supply appeared archetypal connected CryptoSlate.