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Strategy Acquires 22,337 BTC for $1.57 Billion

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Strategy Acquires 22,337 BTC for $1.57 Billion

Between March 9 and 15, Strategy acquired 22,337 BTC for $1.57 billion. The firm’s total cryptocurrency reserves have now reached 761,068 BTC.

The average purchase price was $70,194, which is below the overall acquisition cost of the company’s coins at $75,696. Since August 2020, the firm has spent $57.61 billion on bitcoin purchases.

This transaction ranks among the top five largest for Strategy. The previous week, the company purchased 17,994 BTC for $1.28 billion.

The acquisitions were financed through the issuance of securities. The firm sold 11.9 million preferred Stretch (STRC) shares for $1.18 billion. The sale of 2.8 million common shares (MSTR) brought the company an additional $396 million.

According to Strategy’s founder Michael Saylor, STRC has become the most liquid preferred stock in the market.

At the time of writing, bitcoin is trading near $74,390, having gained 3.9% over the past day.

Hourly BTC/USDT chart from Binance. Data: TradingView.

Metaplanet and Bitcoin

The Japanese investment firm Metaplanet has raised $255 million from institutional investors through a share placement with a 2% premium. The majority of the funds ($357 million) will be spent on acquiring digital gold.

The strategic goal of the management is to accumulate 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. As of the end of 2025, Metaplanet held 35,102 BTC. Over the year, reserves have grown nearly 19-fold.

The remaining capital will be allocated for operational needs:

Debt repayment will reduce the business’s credit burden. Due to market corrections, Metaplanet’s debt-to-crypto asset value ratio rose to 11%. The company aims to maintain this ratio below 10%.

Due to high market volatility in 2025, Metaplanet recorded an impairment loss of $680 million on its assets.

Despite this, the firm has raised its annual revenue forecast from 6.8 billion to 8.58 billion yen, thanks to high returns from cryptocurrency operations.

BitMine and Ethereum

BitMine Immersion Technologies’ assets have reached $11.5 billion, including cryptocurrencies, fiat, and venture investments.

BitMine’s reserves include 196 BTC and 4.59 million ETH. The company controls 3.81% of the total market supply of Ethereum. The platform’s goal is to acquire 5% of the altcoin’s issuance.

The firm leads in the volume of assets locked in staking. BitMine uses over 3 million ETH worth $6.6 billion, generating $180 million in annual income. 

Last week, the company accelerated its purchasing pace and acquired about 61,000 ETH. Chairman Tom Lee explained this as the end of the market downturn phase.

BitMine also purchased 5,000 ETH directly from the Ethereum Foundation. The transaction allowed the foundation to fund its activities without selling coins on the open market.

The firm also holds $1.2 billion in cash. BitMine ranks second globally in terms of corporate cryptocurrency reserves. 

Back in late February, the volume of short positions on Strategy’s shares reached $6 billion with the company’s market capitalization at $42 billion.

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