Leading corporate entities, Strategy and Metaplanet, have significantly expanded their Bitcoin (BTC) holdings, now collectively commanding a notable 3.1% of the total circulating supply. These substantial acquisitions highlight a growing trend among corporate treasuries to integrate Bitcoin into their balance sheets, exerting a notable influence on the cryptocurrency's market liquidity and distribution.
Bolstering Corporate Bitcoin Reserves
Strategy, a prominent corporate Bitcoin holder, recently announced its latest acquisition of 430 BTC, valued at approximately $51.4 million. This addition brings Strategy's total holdings to 629,376 BTC, representing nearly 3% of Bitcoin's entire supply. The company's cumulative investment in Bitcoin exceeds $46 billion, with an average acquisition price of $73,320 per BTC, resulting in substantial unrealized profits given current market valuations. Concurrently, Metaplanet has also ramped up its Bitcoin treasury operations, acquiring 775 BTC for roughly $92.8 million. This purchase brings Metaplanet's total Bitcoin stash to 18,888 BTC. The firm has notably accelerated its accumulation throughout 2025, more than quadrupling its holdings since March, demonstrating a rapid expansion of its digital asset strategy.
Strategic Implications and Funding Mechanisms
The combined holdings of Strategy and Metaplanet underscore the increasing role of publicly listed corporations in consolidating Bitcoin, potentially tightening available market liquidity. These firms primarily finance their acquisitions through capital markets, creating a dynamic interplay between their equity valuations and their ability to accumulate Bitcoin. Strategy, in particular, has updated its Bitcoin accumulation policy, aligning equity issuance plans with multiples of its net asset value (mNAV). The company now plans to actively issue stock to purchase Bitcoin when trading above 4.0x mNAV, and opportunistically between 2.5x and 4.0x, showcasing a sophisticated approach to funding its treasury expansion. This strategic framework demonstrates how corporate strategies are evolving to integrate digital assets, making their accumulation a core business objective.
