Two of the largest corporate Bitcoin holders, Strategy (formerly MicroStrategy) and Japan-based Metaplanet, have significantly expanded their crypto treasuries this week. According to separate May 19 announcements, both firms collectively acquired 8,394 BTC, spending nearly $870 million. This follows their buying spree the previous week, when the companies added almost 15,000 BTC. As a result, […]
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Michael Saylor’s firm, Strategy (previously known as MicroStrategy), announced a new Bitcoin (BTC) buy on Monday, March 31st of a significant $1.9 billion in BTC. This comes despite the market’s leading cryptocurrency’s recent challenges, having plummeted 25% from its all-time high in January of this year. Interestingly, this latest acquisition marks the largest in terms of tokens for Strategy in 2025. Strategy Boosts Bitcoin Holdings To $43.4 Billion Since late October, Strategy has engaged in a series of nearly weekly purchases, bringing its total Bitcoin holdings to approximately $43.4 billion. Remarkably, this amount represents about 2.5% of the total 21 million Bitcoin that will ever be issued. According to a recent filing with the US Securities and Exchange Commission (SEC), Strategy acquired 22,048 Bitcoin at an average price of roughly $86,969 each between March 24 and March 30. Related Reading: Ethereum Price Confirms Breakout From Ascending Triangle, Target Set At $7,800 This purchase is part of a larger trend for the company, which has actively sought to bolster its Bitcoin reserves. In the first quarter alone, Strategy spent approximately $7.79 billion on Bitcoin, with the next largest acquisition earlier this year totaling 20,356 Bitcoin, announced on February 24. To finance this latest purchase, Strategy utilized proceeds raised through its at-the-market sales program for common shares, as well as offerings of preferred shares. This financing approach has proven successful, as the common shares of Strategy have surged nearly 2,200% since Saylor began investing the company’s cash into Bitcoin in 2020. During the same timeframe, Bitcoin itself has seen an increase of over 600%. Market Indicators Signal Potential BTC Recovery Bitcoin, on the other hand, is currently attempting to consolidate above the critical support level of $80,000 after experiencing a decline toward $76,000 for the first time since November 2024. Despite this recent drop, indicators suggest potential for further price recovery in the near term. Recent research from analysis firm CryptoQuant highlights the significance of Binance’s spot trading volume in the cryptocurrency market. Notably, in early 2025, when Binance’s volume surpassed that of all other exchanges combined, Bitcoin was experiencing a surge toward new all-time highs of $109,000. The Binance vs. Other Exchanges BTC Spot Volume Delta indicator has turned positive again, indicating that Binance’s trading volume is consistently outpacing that of its competitors. Related Reading: Ethereum To $20K? Investor Says Real-World Adoption Holds The Key The last time this trend was observed, BTC was trading around $42,000 before climbing to $73,000. Historically, periods of heightened Binance volume have been associated with bullish market sentiment, suggesting that traders may view Binance’s dominance as a positive signal for Bitcoin’s price trajectory. It is also worth noting that at the beginning of 2024, Binance’s volume was reported to be 19 times greater than Coinbase’s. Although this disparity has decreased to eight times, it still highlights Binance’s significant leadership in the market. According to CryptoQuant’s analysis, the ongoing strength of Binance as a trading platform will likely play a crucial role in shaping market dynamics as Bitcoin seeks to regain its footing above the $80,000 mark. Featured image from DALL-E, chart from TradingView.com
Analysts at Bernstein have made a bold prediction regarding MicroStrategy, now known as Strategy, the Bitcoin proxy firm co-founded by Michael Saylor. They forecast that it could amass over 1 million Bitcoin (BTC) by 2033, potentially positioning Strategy to hold 5% of BTC’s total supply. Strategy Stock (MSTR) Receives ‘Outperform’ Rating Led by analyst Gautam Chhugani, Bernstein’s research note reflects an updated bullish case based on Strategy’s strong Q4 financial results and its recent aggressive Bitcoin purchases. The firm has assigned an “outperform” rating to Strategy’s stock (MSTR) with a price target of $600, suggesting a potential upside of 75% from its current trading level.As of now, Strategy’s stock is priced at $335.26, having experienced a slight decline of 2.09% recently. Related Reading: Whale Alert: 200 Million Dogecoin Bought—Is A Price Rally On The Horizon? Bernstein’s analysis indicates that Bitcoin could reach $200,000 by the end of 2025, $500,000 by 2029, and soar to $1 million by 2033, reflecting a potential 1,044% increase for the market’s leading cryptocurrency in the next 8 years from current valuations. This projected growth in Bitcoin’s value is expected to significantly enhance Strategy’s earnings per share, which are anticipated to rise to $207, up from the current $67.50. Holdings Set To Surge To 5.8% Of Supply In a “bull case” scenario, the analysts predict that Strategy’s Bitcoin holdings could increase to represent 5.8% of the current circulating supply of approximately 19.8 million BTC, compared to only 2.5% at present, assuming favorable capital market conditions with low interest rates and a sustained bull cycle in cryptocurrency. However, with this growth comes a substantial increase in debt, which Bernstein estimates could reach $100 billion, coupled with equity proceeds of around $84 billion. In a more conservative base case, the analysts expect Strategy’s holdings to climb to about 4% of Bitcoin’s circulating supply, while a bear case could see stagnation at approximately 2.6%, potentially leading to forced liquidations of assets. Related Reading: Analyst Unveils Extended XRP Price Target To $44, Reveals When To Take Profits As of March 25, Strategy owned 506,137 Bitcoin, acquired at an average price of $66,608, which equates to a total value of around $33.7 billion. Recently, the company made headlines by purchasing an additional 6,911 BTC for $584.1 million through a combination of selling MSTR stock and issuing perpetual preferred shares (noted as STRK and STRF). Bernstein views Strategy’s Bitcoin treasury as a core component of its business model, despite facing challenges related to its premium-to-net asset value (NAV) valuation and the aggressive pace of its Bitcoin acquisitions. On Tuesday, Strategy’s shares closed at $341.81, reflecting a gain of 1.8%, reinforcing its position as a key player in institutional Bitcoin accumulation. Similarly, Bitcoin has also seen a 5% increase in the fourteen day time frame, trading at $87,470 at the time of writing. Featured image from DALL-E, chart from TradingView.com
While firms like Tesla are already in the S&P 500, VanEck’s Matthew Sigel says Block Inc. could be the first company in the index with an “explicit strategy” for accumulating Bitcoin.
Real Bedford FC expands its Bitcoin holdings with a strategic purchase of 66.9 BTC at an average price of approximately $67,220 per Bitcoin, reinforcing its commitment to cryptocurrency.
Since announcing its Bitcoin strategy in April, Metaplanet has accumulated around 117.7 BTC valued at $7.2 million.