With both strategy and Metaplanet expanding its holdings in late August, corporate demand for Bitcoin continues despite its volatile price performance.
On August 25th, the two companies announced that they had acquired more than 3,100 BTC.
First major purchase of August strategy
Strategy, the world’s largest corporate owner of Bitcoin, confirmed it purchased 3,081 BTC on August 25 for $356.9 million.
The company said it paid an average of $115,829 per coin using revenue from its recent sales of its Class A common stock and preferred stock offerings.
The acquisition raised the strategy’s total storage to 632,457 BTC, accumulating at a cost of around $46.5 billion. The company currently average purchase price is $73,527 per Bitcoin.
At the current market level, these holdings are valued at approximately $705.6 billion, equivalent to a profit margin of approximately 51.7%.
The move represents the most important purchases of this month’s strategy after the 155 and 430 BTC acquisitions were smaller in early August.
It also strengthened the company’s strategy of steadily building reserves amid increasing volatility. From the beginning of the year, the Strategic Bitcoin position has resulted in a yield of 25.4%.
Metaplanet adds 103 BTC and joins the FTSE Japan Index
Meanwhile, Tokyo-based Metaplanet has announced that it has acquired 103 BTC for around 1.736 billion yen ($11.8 million) compared to its aggressive financial strategy. The coins were purchased for an average price of ¥16.86 million per BTC.
This addition led to Metaplanet’s reserves rising to 18,991 BTC, buying at a total cost of over $1.9 billion.
Based on current market prices, these holdings are worth around $2.12 billion, giving the company a profit margin of nearly 9%.
The announcement coincided with the company’s inclusion in the FTSE Japan Index.
In a post on X, Metaplanet CEO Simon Gerovich said:
“Metaplanet was added to the FTSE Japan index in a September review. Another important milestone in our journey as Japan’s leading Bitcoin finance company.”
The FTSE Japan Index measures the performance of medium and large companies listed in Japan exchanges. Including a company focused on Bitcoin means it has been upgraded from small caps to mid-cap status.
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