Strategy (formerly MicroStrategy) and Tokyo-listed Metaplanet Expand Bitcoin Reserves

Two of the most prominent corporate Bitcoin holders, Strategy (formerly MicroStrategy) and Tokyo-listed Metaplanet, have significantly expanded their BTC reserves

Two of the most prominent corporate Bitcoin holders, Strategy (formerly MicroStrategy) and Tokyo-listed Metaplanet, have significantly expanded their BTC reserves as the leading cryptocurrency inches closer to its all-time high.

Strategy acquires $765M worth of BTC

Strategy has confirmed it has acquired 7,390 BTC for approximately $764.9 million at an average price of just under $103,500. The announcement, made on Friday, brings the company's total holdings to 576,230 BTC, representing around 2.74% of Bitcoin’s total supply.

These purchases are part of Strategy's ongoing accumulation strategy, spearheaded by executive chairman Michael Saylor.

According to data from BitcoinTreasuries.net, Strategy has invested roughly $40.2 billion in Bitcoin, with an average acquisition price of $69,726 per coin. At current prices, its BTC reserves are worth over $59.2 billion, translating to an unrealized gain of $19.2 billion, or about 47%.

However, Strategy's aggressive Bitcoin investment approach has also attracted legal attention. A class-action lawsuit was filed last week in the U.S. District Court for the Eastern District of Virginia against Strategy's executives. The suit, brought by Ivan Paredes on behalf of himself and other Strategy investors, accuses Saylor, CEO Phong Le, and CFO Andrew Kang of failing to disclose the true nature of Strategy's Bitcoin investments.

The complaint alleges that Strategy violated multiple provisions under the Securities Exchange Act of 1934 in statements made to investors from 2020 to 2024 regarding its Bitcoin strategy. It claims that these actions misled investors about the risks involved in Strategy's Bitcoin investments and the potential impact on the company's earnings and stock price.

Despite this legal headwind, Strategy reports a Bitcoin yield of 16.3% YTD 2025 and its stock (MSTR) has seen a 25.8% increase in the past month.

Metaplanet extends accumulation strategy with $108M purchase

Metaplanet, often dubbed "Asia's answer to Strategy," has also made significant moves in the crypto market. The Tokyo-listed firm disclosed on Friday the purchase of 1,004 BTC for $104.8 million, boosting its total Bitcoin holdings to 7,800 BTC.

At current prices, this BTC stash is valued at $803.7 million, and with an average acquisition cost of $91,340 per coin, Metaplanet is sitting on paper profits of nearly $90.9 million, a 12.7% gain.

The Tokyo-based company, known for its vast cryptocurrency holdings and investment acumen, is aiming to reach 10,000 BTC by the end of 2025.

However, recent disclosures from the company show a declining BTC yield, which now stands at 47.8% so far in Q2 2025. This compares to a stellar 309.8% yield reported for the whole of Q4 2024.

The decreased yield reflects a more volatile return environment as the market matures, presenting both opportunities and challenges for institutional investors like Metaplanet.

Despite the varied performance in recent quarters, Metaplanet remains committed to its long-term vision of accumulating Bitcoin and reaping the benefits of its price appreciation.

The company's strategy has inspired similar moves in Asia, with luxury watchmaker Top Win recently rebranding to AsiaStrategy and adopting a Bitcoin accumulation strategy in partnership with Sora Ventures.

El Salvador's Bitcoin holdings surge in value

El Salvador, the first country to adopt Bitcoin as legal tender, has also seen its Bitcoin holdings rise significantly in recent months.

President Nayib Bukele disclosed on Thursday that the nation's 2,454 BTC holdings briefly reached $644 million. This follows a 30 BTC purchase in April, which pushed the total to 2,484 BTC at an average price of $256,000 per coin.

However, at the time of the latest update, the stash is valued around $637 million.

The Central American country is continuing its "one Bitcoin a day" strategy, which is being managed by the Bitcoin National Office.

However, earlier this year, the International Monetary Fund (IMF) imposed restrictions on broader public-sector crypto engagement as part of a new Stand-By Arrangement program with El Salvador.

Despite this, officials from the institution confirmed that the fiscal sector has adhered to the no-accumulation commitments, suggesting that the Bitcoin National Office's activities are not in violation of the agreement.

President Bukele remains committed to the initiative, adding that the program "is not stopping."

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