Company purchases additional 15,355 Bitcoins for $1.4 billion, now possesses over 550,000 Bitcoins.
Sizzlin' Bitcoin News 🌶️
Strategic Bitcoin Betting! Mega-treasury firm Strategy (ex-MicroStrategy) added a whopping 15,355 BTC to its crypto cache over the past week. Dropping around $1.42 billion at an average price of $92,737 per Bitcoin, according to Monday's SEC filing.
Now, Strategy is sitting pretty with a hefty stash of 553,555 BTC, valued at a cool $52 billion at the current Bitcoin price of over $95,000. The company's average purchase price for each Bitcoin now stands at a solid $68,459, with a total investment amounting to a whopping $37.9 billion, including fees.
This brings Strategy's Bitcoin hoard to represent more than 2.6% of Bitcoin's fixed 21 million supply.
But wait, there's more! The corporate Bitcoin accumulation race is on, and companies like Cantor Fitzgerald, SoftBank, Bitfinex, Tether, and Twenty One Capital are hopping onto the bandwagon. Even newcomers like Twenty One Capital, led by Strike CEO Jack Mallers, are debuting with a Bitcoin-focused strategy.
Shares of Strategy's MSTR soared 5.2% on Friday, closing at $368.71, and jumped another 1.42% in pre-market trading on Monday. A testimonial to Bitcoin's price rebound and the growing institutional interest in companies with a Bitcoin focus.
Bitcoin: Ready to Break $100k with a Snap! Analysts Cheer 🎯
The latest acquisitions by Strategy were funded by the sale of its Class A common stock and perpetual preferred stock. Between April 21 and April 27, Strategy disposed of approximately 4 million MSTR shares for roughly $1.4 billion, and over 435,000 STRK shares for $37.5 million.
With only $128.7 million worth of MSTR shares remaining available for issuance under the company's existing program, Strategy's Bitcoin-buying binge continues unabated, signalizing its determined approach to beefing up its Bitcoin treasury.
In other news, Founders Factory, Coinbase, and more have teamed up to launch a U.K. web3 accelerator – more on that later! 🤝
Firms Climbing the Bitcoin Ladder 😺
Apart from Strategy, other companies accumulating Bitcoin include:
- Metaplanet: Targeting acquisition of 10,000 BTC by the end of 2025[1]
- Semler Scientific: Boosted its Bitcoin balance by over 1,100 BTC[1]
- Several Public Companies: As of Q1 2025, 79 public companies listed Bitcoin on their balance sheets, with 12 new companies joining the club in the quarter. The list includes notable movers like Tesla[1][5]
The other companies mentioned in the article - Cantor Fitzgerald, SoftBank, Bitfinex, Tether, and Twenty One Capital - aren't explicitly mentioned in recent Bitcoin accumulation efforts. However, more and more companies are embracing Bitcoin as a reserve asset, driven by favorable accounting changes and escalating institutional confidence.
The recent frenzy of corporate Bitcoin adoptions adds up to over 100,000 BTC added to corporate treasuries in just a month as of April 28, 2025 – a testament to the burgeoning institutional interest in Bitcoin[4]. So, buckle up and enjoy the ride, as the Bitcoin rollercoaster keeps spinning! 🎠🎢
- Strategy's Bitcoin hoard now represents more than 2.6% of Bitcoin's fixed 21 million supply.
- The company's average purchase price for each Bitcoin now stands at a solid $68,459.
- The latest acquisitions by Strategy were funded by the sale of its Class A common stock and perpetual preferred stock.
- Companies like Cantor Fitzgerald, SoftBank, Bitfinex, Tether, and Twenty One Capital are hopping onto the corporate Bitcoin accumulation race.
- Shares of Strategy's MSTR soared 5.2% on Friday, closing at $368.71.
- Metaplanet targets acquiring 10,000 BTC by the end of 2025.
- Apart from Strategy, several public companies listed Bitcoin on their balance sheets as of Q1 2025, with more and more companies embracing Bitcoin as a reserve asset, driven by favorable accounting changes and escalating institutional confidence.
