- Strategy adds 705 BTC, pushing its total holdings to a record 580,955 BTC.
- Metaplanet buys 1,088 BTC, boosting reserves to 8,888 BTC amid accumulation trend.
- Bitcoin trades above $104K with volume up 20.79%, showing strong market participation.
Bitcoin-focused firm Strategy, formerly known as MicroStrategy, has expanded its Bitcoin reserves with the purchase of 705 BTC. Executive Chairman Michael Saylor’s announcement on X confirmed that the company spent approximately $75.1 million on the acquisition. With this transaction, Strategy now holds a total of 580,955 BTC, solidifying its position as the largest corporate holder of Bitcoin to date.
The latest purchase was financed through the liquidation of equity holdings between May 26 and June 1. Strategy sold 353,511 shares of STRK for roughly $36 million and 374,968 shares of STRF for about $38 million.
According to Saylor’s disclosure, the company has invested $40.68 billion in Bitcoin over time, with the average cost per coin standing at $70,023. The recent acquisition was executed at a higher average price of $106,495 per BTC, underlining the firm’s ongoing commitment to accumulating the digital asset despite market volatility. At current prices, the value of Strategy’s Bitcoin holdings exceeds $60.4 billion, translating to more than $20 billion in unrealized gains.
Metaplanet Expands Holdings in Parallel
In a related development, Japanese public firm Metaplanet also reported a large Bitcoin purchase on the same day. The company acquired 1,088 BTC, spending approximately $117.3 million. This brings Metaplanet’s total Bitcoin holdings to 8,888 BTC. The Tokyo-based firm has been steadily accumulating Bitcoin over recent months, following a similar strategy to Strategy.
Following these acquisitions, Bitcoin was trading at $104,513.57 during the time of writing, marking a 0.22% gain over the past 24 hours, according to the latest CoinMarketCap data. Its market capitalization rose to $2.07 trillion, while the fully diluted valuation (FDV) reached $2.19 trillion. Trading volume also spiked by 20.79% during the same period, hitting $41.58 billion and signaling increased market activity.
Additionally, Bitcoin’s circulating supply currently stands at 19.87 million out of a capped 21 million, leaving just over 1.1 million coins yet to be mined. The volume-to-market cap ratio is 2.02%, reflecting adequate liquidity levels in the market.
The 24-hour price chart showed a sharp climb in the early morning hours, peaking above $105,500 around 3:00 AM. This was followed by a period of sideways trading, a midday spike, and a correction back to near $104,000.
