Bitcoin accumulation within the facility shows signs of slowing down as a metaplanet, which was purchased at nearly 6,000 BTC last week.
According to separate announcements on June 30, the companies acquired 5,985 BTC, investing approximately $640 million in the process.
Strategy approaches 600K BTC
Bitcoin’s biggest corporate holder Strategy added 4,980 BTC for $531.1 million, according to a June 30 filing with the Securities and Exchange Commission (SEC).
This brings the total holdings to 597,325 BTC, which is now over $64 billion. The average purchase price is $70,982 per Bitcoin, with a total acquisition cost of $42.4 billion.
Following this purchase, the strategy is below 3,000 btc, surpassing the 600,000 BTC mark.
According to the strategy, it sold 1.3 million MSTR shares last week to fund the purchase, raising approximately $519.5 million. He added that there is still around $18 billion worth of MSTR stake to fund future BTC acquisitions.
Meanwhile, this was the first time in over three weeks that it was funding Bitcoin purchases using the MSTR Equity Issuance Program.
Commenting on the timing, Bitcoin analyst Michael Sullivan described the move as “tactical,” saying:
“This was definitely the most important week, but Saylor had to make sure Bitcoin prices had risen… Naturally, we used the MSTR ATM. A short-term decline in stock prices is worth ensuring long-term earnings and S&P qualifications.”
The Michael Saylor-led company sold additional shares from its permanent preferred share offering, including 276,071 STRK shares for $28.9 million and 284,225 shares for $29.7 million.
Metaplanet adds 10,000 BTC in 3 months
According to a June 30 statement, Japan-based Metaplanet became the fifth largest public Bitcoin holder after buying 1,005 btc for $108 million..
The purchase promoted the total holding to 13,350 BTC, with an average price of $97,832 and was purchased at an investment of $1,310 million.
Metaplanet CEO Simon Gerovich highlighted the company’s rapid expansion, noting that it owns just 3,350 BTC three months ago. He said:
“We’ve now added another 10,000 to reach 13,350 BTC.”
Japan’s Tokyo Stock Exchange is responding to Metaplanet’s increasing reliability by entering into force on July 1st to announce the removal of margin trading restrictions on the company’s stocks.
Since adopting a Bitcoin-centric financial strategy in 2024, Metaplanet stocks have skyrocketed over 8,000%, indicating strong investors’ support for aggressive crypto positioning.