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On Monday, two major entities, Strategy and Metaplanet, announced significant Bitcoin purchases, pushing the cryptocurrency closer to new all-time highs. Michael Saylor, the CEO of Strategy, confirmed that the company had acquired 7,390 Bitcoin for approximately $764.9 million. This purchase brings Strategy's total Bitcoin holdings to 576,230 BTC, which represents roughly 2.74% of the total Bitcoin supply.

Metaplanet, a Tokyo-listed firm, also made a substantial purchase, acquiring 1,004 Bitcoin for $104.8 million. This acquisition is part of Metaplanet's goal to reach 10,000 BTC by the end of the year. The company's current holdings stand at 7,800 BTC, valued at approximately $803.7 million at current market rates.

These large-scale purchases likely contributed to Bitcoin's brief surge above $106,000 over the weekend, bringing it within $3,000 of reaching a new all-time high. The market impact of these acquisitions underscores the influence of institutional investors on the cryptocurrency market.

Strategy's near-weekly purchases have been a consistent strategy, and the company has seen significant gains. As of May 18, 2025, Strategy's total Bitcoin holdings were acquired for approximately $40.18 billion at an average price of $69,726 per Bitcoin. The company has achieved a Bitcoin yield of 16.3% year-to-date in 2025.

Metaplanet, on the other hand, has seen its Bitcoin yield fluctuate. The company's yield hit 309.8% between October and December 2024, falling to 95.6% between January and March. Incomplete figures for the current quarter suggest Metaplanet's BTC yield stands at 47.8%. Despite this, Metaplanet appears well on track to meet its target of acquiring 10,000 BTC by the end of the year.

These purchases by Strategy and Metaplanet highlight the growing trend of institutional investment in Bitcoin. As more companies adopt Bitcoin as a reserve asset, the cryptocurrency's market dynamics are likely to continue evolving, with potential implications for its price and overall market stability.