Despite Bitcoin’s erratic price fluctuations, corporate interest in it remains strong, as both Strategy and Metaplanet increased their holdings in late August.
On August 25, the companies disclosed that they acquired over 3,100 BTC, highlighting how institutional treasuries diminish available supply and influence market liquidity.
Strategy’s notable acquisition in August
Strategy, the largest corporate holder of Bitcoin globally, announced on August 25 the purchase of 3,081 BTC for $356.9 million.
The organization reported an average cost of $115,829 per coin, financed by recent sales of its Class A common stock and preferred shares.
This purchase increased Strategy’s total to 632,457 BTC, amassed at an estimated cost of around $46.5 billion. The average purchase price has now reached $73,527 per Bitcoin.
At current market valuations, those holdings are approaching $70.56 billion, translating to a profit margin of about 51.7%.
This transaction marks Strategy’s most significant acquisition of the month, following smaller purchases of 155 BTC and 430 BTC earlier in August.
It also underscores the firm’s approach of consistently augmenting reserves amidst heightened market volatility. So far this year, Strategy’s Bitcoin holdings have yielded a return of 25.4%.
Metaplanet acquires 103 BTC and joins the FTSE Japan Index
In a similar vein, Tokyo-based Metaplanet, which is often likened to Strategy for its proactive treasury management, disclosed that it purchased 103 BTC for approximately ¥1.736 billion ($11.8 million). The coins were acquired at an average price of ¥16.86 million per BTC.
This addition brought Metaplanet’s total reserves to 18,991 BTC, with an overall cost exceeding $1.9 billion.
At current market rates, those holdings are valued at around $2.12 billion, resulting in a profit margin close to 9%.
The announcement coincided with the company’s inclusion in the FTSE Japan Index.
In a post on X, Metaplanet’s CEO Simon Gerovich stated:
“Metaplanet has been added to the FTSE Japan Index in the September review. Another important milestone on our journey as Japan’s leading Bitcoin treasury company.”
The FTSE Japan Index tracks the performance of medium to large-cap companies listed on Japanese exchanges. The inclusion of Metaplanet signifies its upgrade from small-cap to mid-cap status.