The delicate balance between the availability and demand for
Bitcoin tightened in the past week, largely due to significant
acquisitions by corporate entities.
Two publicly listed companies,
Strategy and the Tokyo-based
Metaplanet, together invested over $230 million in buying BTC last week.
According to independent statements from each company, their combined purchases amounted to 2,091 BTC. This figure represents approximately 66%, or two-thirds, of all Bitcoin newly created by miners during that period.
Strategy Increases Bitcoin Holdings Amidst S&P 500 Omission
On September 8th, Strategy
announced the purchase of 1,955 BTC for a total of $217.4 million. This acquisition alone accounts for about 62% of all Bitcoin mined within the week.
Following this latest investment, Strategy’s total Bitcoin holdings have reached 638,460 BTC, currently valued at $71.6 billion based on prevailing market prices. This translates to an estimated unrealized profit of approximately 51.8% on the company’s cumulative investment of $47.17 billion.
In its Form 8-K filing, the company revealed that funding for the most recent purchase came from the proceeds of its at-the-market equity program. This program involved raising capital through the issuance of Strife, Strike, and MSTR stock. So far in 2025, Strategy has secured over $19 billion specifically for Bitcoin acquisitions.
Jim Chanos, a well-known short seller, has highlighted that Strategy’s methods for raising capital to buy Bitcoin increasingly rely on issuing MSTR stock rather than utilizing preferred stock options, which were previously favored.
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To provide context, Chanos noted that 92% of Strategy’s latest fundraising was accomplished through selling common equity, with only $16.8 million coming from preferred stock sales. A similar pattern emerged recently, with approximately 90% of the capital raised for Bitcoin purchases originating from MSTR stock.
It’s worth mentioning that this most recent Bitcoin acquisition took place shortly after Strategy was not selected for inclusion in the S&P 500 index. Instead, the index committee chose to add stocks from
Robinhood, AppLovin, and Emcor Group.
Metaplanet Strengthens Asian Presence with Bitcoin Buy
While the scale is smaller, Metaplanet’s recent purchase reinforces its position as the Asian equivalent to Strategy in terms of Bitcoin accumulation.
The publicly traded Tokyo firm
acquired 136 BTC for $15.2 million, at an average price of $111,666. This acquisition boosted the company’s year-to-date yield to 487% in 2025, reflecting its aggressive strategy of accumulating Bitcoin.
Metaplanet now holds a total of 20,136 BTC, acquired for $2.08 billion at an average price of $103,196 per Bitcoin. As of September 8th, these holdings were valued at approximately $2.26 billion, resulting in an unrealized profit of 9.3% for Metaplanet.