As macroeconomic pressures ease, the steady rise in Bitcoin has attracted new interest from the institutional giants.
On May 12, Japan’s Metaplanet and the US-based strategy (formerly the Micro Strategy) each confirmed large-scale Bitcoin purchases and demonstrated greater institutional trust in digital assets.
The two companies added nearly 15,000 BTC to their finances, strengthening the appeal of Bitcoin as a hedge in an uncertain economic environment. This wave of institutional demand further emphasizes the shift in asset value to mainstream storage.
Metaplanet holds more bitcoin than El Salvador
Metaplanet announced that it had acquired 1,241 BTC on May 12 for around $126.7 million.
This latest purchase brings the company’s total Bitcoin holdings to 6,796 BTC, with an average price of around $102,119 per coin.
With BTC transactions exceeding $104,000, the company’s holdings exceeding $788 million, converting it into unrealized profits of over $100 million.
According to the National Bitcoin Office, the Tokyo-based company currently owns more Bitcoin than Central America’s El Salvador.
Metaplanet CEO Simon Gerovich highlighted the growing convictions of the company for Bitcoin, noting that the company achieved an annual BTC yield of 170%.
He also added that the company’s yield reached 38% from April 1 to May 12, indicating the continued value creation of shareholders through its BTC-centric financial strategy.
Strategy stacks bitcoin
Additionally, the strategy led by BTC advocate Michael Saylor revealed that he purchased 13,390 BTC for $1.34 billion between May 5 and May 11, according to a filing with the Securities and Exchange Commission (SEC) on May 12.
This will bring the company’s total Bitcoin holdings to 568,840 BTC, which will be acquired at an average of $69,287 per coin. At current prices, its stash is worth nearly $60 billion, and the company sits on paper profits of over $20 billion.
Meanwhile, these latest purchases were funded through the sale of 3.2 million MSTR shares, raising $1.31 billion, along with an additional $25.1 million from the sale of STRK preferred shares.
As of May 11, the strategy said it still has the ability to raise more than $40 billion through these programs to fund more Bitcoin purchases.