Bitcoin’s Rally is back in aggressive purchases from institutional players, past $87,000.
On April 21, Japan-based Metaplanet and the US Corporate Strategy (formerly Micro Strategy) both disclosed major Bitcoin acquisitions, adding a total of 7,000 BTC to the corporate reserves.
The move demonstrates their continued trust in Bitcoin as a hedge against inflation and financial instability.
Metaplanet is approaching 5,000 BTC
Metaplanet, a registered investment company in Tokyo, announced that on April 21 it added 330 BTC to its balance sheet. This amounts to a purchase of around $28.2 million, marking its third Bitcoin acquisition this month.
The company currently owns 4,855 BTC, which is around 621.7 billion yen (approximately $414 million), and the average cost per coin is 12.8 million yen, or about $85,386.
Metaplanet CEO Simon Gerovich highlighted the company’s performance after the purchase. He reported a Q2 BTC yield of 12.1% and an annual yield of 119.3%, aiming for a consistent quarterly return of 35%.
He highlighted the company’s commitment to maximizing Bitcoin per share (BPS) and called BTC, creating the most important indicators for crypto companies focused on the Ministry of Finance.
Jerovic also addressed the macroeconomic background that encouraged the company’s aggressive BTC acquisition. According to him, the best cryptos provide protection against Fiat currency dilution, especially amid the continued expansion of money supply worldwide.
He said:
“M2 I’ll refer to it In money supply that Central bank Continued In Enlarge. more money teeth printing, more Ours purchase force It will decrease. Bitcoin It was Created In resist this. that teeth why Metaplanet I’ll continue In buy Bitcoin. ”
Strategic Bitcoin Acquisition
Meanwhile, the strategy (formerly known as MicroStrategy) revealed that it had purchased around 6,556 BTC for $555.8 million.
After this purchase, the total holding of the strategy reached 538,200 BTC. The company spends around $36.47 billion, an average of $67,766 per coin. The BTC yield since the start of 2025 is currently 12.1%.
According to a filing with the Securities and Exchange Commission on April 21, the latest purchase was funded by selling 1.76 million shares of Class A common stock and selling more than 91,000 shares from the preferred stock series labeled STRK. These sales generated $547.7 million and $7.8 million, respectively.
Chairman Michael Saylor noted that over 13,000 institutions and over 800,000 retail investors hold shares in the strategy. He added that around 55 million people are indirectly exposed to the company’s Bitcoin status through mutual funds, pension plans, ETFs and insurance products.
Bitcoin Market Data
When reporting 4:02pm, UTC on April 21, 2025Bitcoin ranks number one in terms of market capitalization, and the price is above 4.26% Over the past 24 hours. Bitcoin has a market capitalization $1.75 trillion 24-hour trading volume $33.43 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 4:02pm, UTC on April 21, 2025Crypto market totals are evaluated by $2.77 trillion There is a 24-hour volume $776.6 billion. Bitcoin’s advantage is currently underway 63.32%. Crypto Market Details›
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