Strategy and Metaplanet expanded its holdings of Bitcoin (BTC) on August 18, increasing its total ownership to almost 3.1% of the total circular supply.
The acquisition highlighted the role of the Corporate Treasury in tightening the liquidity of available Bitcoin as the institution continues to expose its buildings.
I’ll cultivate a hidden place
Strategic Chairman Michael Saylor announced the company’s Latest purchases 430 BTC in a social media post on August 18th. The acquisition is worth nearly $501.4 million at an approximate price of $119,666 per Bitcoin, with BTC yielding 25.1% this year.
With the latest additions, the strategy holds 629,376 BTC, accounting for almost 3% of the total Bitcoin supply.
The company invested more than $46 billion at an average price per BTC of $73,320, and Bitcoin priced at $116,535 at reporting time, resulting in unrealized profits of over $27 billion.
Metaplanet purchased 775 btc for an average price of 1772 million yen ($119,853) per coin, reporting a total of 13,733 billion yen ($92.8 million).
Following the acquisition, Metaplanet currently acquires 18,888 BTC for 1,504 million yen ($101,726) each, with a cumulative investment of 284.1 billion yen ($119 billion).
Metaplanet has accelerated its Bitcoin finance operations throughout 2025, with more than four times the holdings since March.
Strategy and Metaplanet commands nearly 3.1% of circular Bitcoin. This is focusing that emphasizes the increasing role of listed companies in the distribution of assets.
The companies rely on capital markets to fund the Ministry of Finance, amplifying the interaction between stock valuations and Bitcoin accumulation. As these programs expand, the balance between shareholder dilution and the addition of the Treasury is under close investor surveillance.
Strategy updates accumulation policy
The acquisition of the strategy resulted in a detailed scrutiny afterwards. August 18th Equity Guidance Update.
The company currently classifies its issuance plans based on multiples of Net Asset Value (MNAV), and states that it will actively issue inventory to purchase Bitcoin if it exceeds 4.0 times or more, and opportunistically issues it from 2.5 to 4.0 times.
Under 2.5 times the issuance is limited to debt services and dividends, while a 1.0 times the level can use credit to cause buybacks.
Unlike the guidance released a month ago, the framework outlined more stringent restrictions on stock issuances below 2.5x MNAV.
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