{"id":850408,"date":"2025-05-22T23:11:58","date_gmt":"2025-05-23T04:11:58","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/22\/bitcoin-rallies-past-87k-as-metaplanet-and-strategy-purchase-6856-btc-worth-almost-600m\/"},"modified":"2025-05-22T23:11:58","modified_gmt":"2025-05-23T04:11:58","slug":"bitcoin-rallies-past-87k-as-metaplanet-and-strategy-purchase-6856-btc-worth-almost-600m","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/22\/bitcoin-rallies-past-87k-as-metaplanet-and-strategy-purchase-6856-btc-worth-almost-600m\/","title":{"rendered":"Bitcoin rallies past $87k as Metaplanet and Strategy purchase 6,856 BTC worth almost $600M"},"content":{"rendered":"

Bitcoins <\/p>\n

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\"bitcoins Bitcoin rallies past $87k as Metaplanet and Strategy purchase 6,856 BTC worth almost $600M<\/span> Oluwapelumi Adejumo \u00b7<\/span> 1 month ago<\/span> \u00b7 2 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n

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Economic uncertainties propel giants like Metaplanet and Strategy to amass Bitcoin.<\/p>\n

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2 min read<\/span><\/p>\n

Updated:<\/span> Apr. 21, 2025 at 4:02 pm UTC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Bitcoin\u2019s<\/a> rally past $87,000 comes amid reignited aggressive buying from institutional players.<\/p>\n

On April 21, Japan-based Metaplanet<\/a> and US firm Strategy<\/a> (formerly MicroStrategy) both disclosed major Bitcoin acquisitions, adding a combined total of nearly 7,000 BTC to their corporate reserves.<\/p>\n

This move signals their continued confidence in Bitcoin as a hedge against inflation and monetary instability.<\/p>\n

Bitcoins Metaplanet nears 5,000 BTC in holdings<\/h2>\n

Metaplanet, a Tokyo-listed investment firm, revealed<\/a> that it added 330 BTC to its balance sheet on April 21. The purchase, worth approximately $28.2 million, marks its third Bitcoin acquisition this month. <\/a><\/p>\n

The company now holds 4,855 BTC, valued at roughly \u00a562.17 billion (around $414 million), and its average cost per coin stands at \u00a512.8 million, or about $85,386.<\/p>\n

Metaplanet CEO CEO Simon Gerovich highlighted the firm\u2019s performance following the purchase. He reported a Q2 BTC yield of 12.1% and a year-to-date yield of 119.3%, aiming for a consistent 35% quarterly return.<\/p>\n

He emphasized the firm\u2019s commitment to maximizing Bitcoin per share (BPS), calling BTC yield the most crucial metric for treasury-focused crypto companies.<\/p>\n

Gerovich also addressed the macroeconomic backdrop fueling the firm\u2019s aggressive BTC acquisitions. According to him, the top crypto offers protection against fiat currency dilution, especially amid the continued expansion of the global money supply<\/a>.<\/p>\n

He said<\/a>:<\/p>\n

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\u201cM2<\/span> refers<\/span> to<\/span> the<\/span> money<\/span> supply<\/span> that<\/span> central<\/span> banks<\/span> continue<\/span> to<\/span> expand.<\/span> The<\/span> more<\/span> money<\/span> is<\/span> printed,<\/span> the<\/span> more<\/span> our<\/span> purchasing<\/span> power<\/span> diminishes.<\/span> Bitcoin<\/span> was<\/span> created<\/span> to<\/span> resist<\/span> this.<\/span> That<\/span> is<\/span> why<\/span> Metaplanet<\/span> continues<\/span> to<\/span> buy<\/span> Bitcoin.\u201d<\/span><\/p>\n<\/blockquote>\n

Bitcoins Strategy\u2019s Bitcoin acquisition<\/h2>\n

Meanwhile, Strategy (formerly known as MicroStrategy) revealed it had purchased approximately 6,556 BTC for $555.8 million.<\/p>\n

Following this purchase, Strategy\u2019s total holdings reached 538,200 BTC. The company has spent about $36.47 billion, averaging $67,766 per coin. Its year-to-date BTC yield for 2025 currently stands at 12.1%.<\/p>\n

According to an April 21 filing<\/a> with the US Securities and Exchange Commission (SEC), the latest purchase was funded through selling 1.76 million shares of its Class A common stock and over 91,000 shares from a preferred stock series labeled STRK<\/a>. These sales generated $547.7 million and $7.8 million, respectively.<\/p>\n

Chairman Michael Saylor<\/a> noted that more than 13,000 institutions and over 800,000 retail investors hold shares of Strategy. He added that roughly 55 million people are indirectly exposed to the company\u2019s Bitcoin position through mutual funds, pension plans, ETFs, and insurance products.<\/p>\n

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Bitcoin Market Data<\/h6>\n

At the time of press 4:02 pm UTC on Apr. 21, 2025<\/span>, Bitcoin<\/a> is ranked #1 by market cap and the price is up 4.26%<\/span><\/strong> over the past 24 hours. Bitcoin has a market capitalization of $1.75 trillion<\/strong> with a 24-hour trading volume of $33.43 billion<\/strong>. Learn more about Bitcoin \u203a<\/a><\/p>\n

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Crypto Market Summary<\/h6>\n

At the time of press 4:02 pm UTC on Apr. 21, 2025<\/span>, the total crypto market is valued at at $2.77 trillion<\/strong> with a 24-hour volume of $77.66 billion<\/strong>. Bitcoin dominance is currently at 63.32%<\/strong>. Learn more about the crypto market \u203a<\/a><\/p>\n<\/div>\n<\/div>\n

Mentioned in this article<\/h6>\n
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Latest Japan<\/span> Stories<\/h5>\n<\/div>\n
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Latest Bitcoin<\/span> Stories<\/h5>\n<\/div>\n
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Latest Alpha<\/span> Market Report<\/h6>\n<\/div>\n
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Press Releases<\/h5>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n

Oluwapelumi Adejumo Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin rallies past $87k as Metaplanet and Strategy purchase 6,856 BTC worth almost $600M Oluwapelumi Adejumo \u00b7 1 month ago \u00b7 2 min read Economic uncertainties propel giants like Metaplanet and Strategy to amass Bitcoin. 2 min read Updated: Apr. 21, 2025 at 4:02 pm UTC Cover art\/illustration via CryptoSlate. Image includes combined content which<\/p>\n","protected":false},"author":1,"featured_media":850409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,26244],"tags":[11476],"class_list":["post-850408","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-rallies","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/850408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=850408"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/850408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/850409"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=850408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=850408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=850408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}