Strategy Expands Bitcoin Holdings by 245 BTC for $26 Million Metaplanet Buys 1,111 BTC for $118.2 Million, Eyes 210,000 BTC by 2027

Strategy, the company formerly known as MicroStrategy, has expanded its Bitcoin holdings by purchasing an additional 245 Bitcoins for approximately $26 million. This acquisition brings the company's total Bitcoin holdings to 592,345 BTC, valued at nearly $60 billion. The purchase was made at an average price of $105,856 per Bitcoin, despite a recent dip in Bitcoin's price below $100,000. Michael Saylor, the chairman of Strategy, remains steadfast in his belief that Bitcoin is a powerful long-term asset, and the company has earned a return of 19.2% on its Bitcoin investment so far this year.

Meanwhile, Metaplanet, a Japan-based investment firm, has also made significant strides in its Bitcoin holdings. The company announced the purchase of 1,111 Bitcoins for roughly $118.2 million, bringing its total holdings to 11,111 BTC. This acquisition was made at an average price of $106,408 per Bitcoin, and the company has seen a strong return, reporting a 306.7% yield this year.

Metaplanet's ambitious plan does not stop there. The company's CEO, Simon Gerovich, has shared a bold vision to raise $5.4 billion to purchase Bitcoin, aiming to hold over 210,000 Bitcoins by 2027. The plan involves increasing its holdings to 30,000 Bitcoins by the end of this year, reaching 100,000 Bitcoins by the end of 2026, and ultimately hitting its target of 201,112 BTC by the close of 2027. If successful, Metaplanet would become one of the largest Bitcoin holders in the world.

Both Strategy and Metaplanet's aggressive Bitcoin acquisition strategies underscore their confidence in the digital currency as a long-term investment. Despite fluctuations in Bitcoin's price, these companies remain committed to expanding their holdings, believing that the digital currency will continue to appreciate in value over time. Their bold plans reflect a growing trend among institutional investors to incorporate Bitcoin into their investment portfolios, viewing it as a hedge against inflation and a store of value.