Home Crypto Bitcoin Buying Monday: Strategy Joins Metaplanet by Acquiring Additional 7,390 BTC

Bitcoin Buying Monday: Strategy Joins Metaplanet by Acquiring Additional 7,390 BTC

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Saylor’s Strategy Buys Another 3,459 BTC for $286 Million

Strategy, the business intelligence software company founded by Michael Saylor, has grown its Bitcoin stash to 576,230 BTC after its most recent acquisition.

Its Monday announcement followed Metaplanet’s purchase, which was the second-largest in its Bitcoin-focused history.

Strategy’s latest acquisition was somewhat expected, given the company’s history of making such announcements on Monday and especially since Saylor posted another hint yesterday.

The firm’s holdings have grown by the addition of 7,390 BTC to 576,230 BTC, acquired for roughly $40 billion at an average price of just under $70,000 per bitcoin. This means that Strategy now sits on an unrealized profit of over $19 billion as BTC’s price trades at $103,000 as of press time.

The first business day of the week began with another BTC purchase announcement. Metaplanet, the largest Asia-based corporate holder of Bitcoin, said it has acquired an additional 1,004 BTC for just over $104 million. Its stash has grown to 7,800 BTC, valued at over $800 million.

Metaplanet revealed in its Q1 report that it was the best quarter in revenue in its 20-year corporate history, and the Bitcoin strategy contributed to almost 90% of that number.

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