Bitcoin News Today: Institutional giants stake claim in Bitcoin's future with 66% of new supply.

Last week, corporate Bitcoin treasury firms Strategy and Metaplanet collectively secured 66% of the newly mined Bitcoin supply, underscoring the growing influence of institutional buyers in the digital asset space. Strategy, led by Michael Saylor, acquired an additional 1,955 BTC for $217 million, raising its total Bitcoin holdings to 638,460 BTC, according to an SEC filing. This purchase, made at an average price of $111,196 per coin, increased Strategy’s total investment in Bitcoin to over $4.6 billion and marked its latest step in a long-term strategy to position the firm as a major Bitcoin reserve asset. Strategy now holds 76% of the total 840,000 BTC currently held by publicly traded Bitcoin treasury companies, according to a recent CryptoQuant report.

Simultaneously, Japanese-based Metaplanet added 136 BTC, valued at $15.2 million, to its corporate Bitcoin treasury. This acquisition brought the company’s total holdings to 20,136 BTC, valued at approximately $2.2 billion at current prices. Metaplanet now ranks as the sixth-largest publicly traded corporate Bitcoin holder globally, trailing only Strategy and four other major firms. CEO Simon Gerovich has outlined a long-term goal of acquiring 210,000 BTC by 2027, a target that would place Metaplanet second only to Strategy in corporate Bitcoin holdings.

These recent purchases occurred against a backdrop of broader trends in the corporate Bitcoin space. Public companies have accumulated over 1 million BTC collectively, representing nearly 5.1% of the total circulating supply. However, the pace of new acquisitions has slowed in recent months. Strategy’s average purchase size in August dropped to 1,200 BTC, a sharp decline from the 14,000 BTC per transaction it recorded earlier in the year. Similarly, other corporate treasury firms have seen a reduction in their average Bitcoin purchases. The slowdown in accumulation rates has been attributed to a combination of market volatility, investor caution, and strategic shifts in purchasing behavior.

The narrowing gap between stock prices and net asset values (NAV) for Bitcoin treasury firms has also drawn attention from market analysts. NYDIG, a digital asset research firm, highlighted that premiums for companies like Strategy and Metaplanet continue to compress despite Bitcoin hitting record highs. Factors such as investor anxiety over future supply unlocks, changes in corporate strategy, and increased share issuance have contributed to the compression. Greg Cipolaro, NYDIG’s global head of research, noted that companies should consider stock buyback programs to support equity prices and mitigate potential selling pressure following public market listings.

The market dynamics for corporate Bitcoin treasuries remain complex. While large institutional investors continue to accumulate Bitcoin, their strategies are evolving in response to market conditions and investor sentiment. Strategy’s recent purchase comes amid criticism from shareholders over its modified mNAV (multiple of net asset value) guidance, which initially promised not to issue new shares if its mNAV fell below 2.5X. The company reversed this policy in August, allowing for potential dilution. This move, along with a 26% drop in Strategy’s share price since July, has highlighted the challenges faced by corporate treasuries in maintaining stockholder confidence.

The combined 66% capture of newly mined Bitcoin by Strategy and Metaplanet signals a strategic alignment with market conditions. As Bitcoin’s price fluctuated around the $111,000 level, the two firms positioned themselves to benefit from lower acquisition costs and long-term value appreciation. Their actions reflect broader investor confidence in Bitcoin as a reserve asset, despite the challenges posed by market volatility and regulatory uncertainties. The continued growth of corporate Bitcoin holdings suggests that institutional adoption remains a key driver in the cryptocurrency’s long-term trajectory.

Source:

[1] Michael Saylor's Strategy Buys Another 1955 BTC for $217M (https://www.coindesk.com/business/2025/09/08/michael-saylor-s-strategy-buys-another-1-955-btc-for-usd217m)

[2] Bitcoin Illiquid Supply Hits Record 14.3M as Long-Term Holders Continue to Accumulate (https://www.coindesk.com/markets/2025/09/07/bitcoin-illiquid-supply-hits-record-14-3m-as-long-term-holders-continue-to-accumulate)

[3] Crypto treasuries set for 'bumpy ride' as premiums narrow (https://cointelegraph.com/news/crypto-treasuries-bumpy-ride-premium-nav-narrow-nydig)

[4] Metaplanet buys $15 million in bitcoin, total holdings now 20,136 BTC (https://www.theblock.co/post/369745/metaplanet-buys-15-million-worth-bitcoin)

[5] Metaplanet, El Salvador add Bitcoin as sentiment shifts back to neutral (https://cointelegraph.com/news/metaplanet-el-salvador-bitcoin-purchase-2025)