Strategy, Metaplanet, and El Salvador boost BTC reserves

Michael Saylor’s Strategy acquired 1,955 BTC worth $217M. Japan’s Metaplanet and El Salvador also expanded their Bitcoin holdings, signaling strong institutional demand.

Strategy keeps stacking Bitcoin

Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, purchased 1,955 BTC between Sept. 2 and 7, spending $217.4 million, according to a U.S. SEC filing.

The purchase was made at an average price of $111,196 per BTC, just before the cryptocurrency briefly topped $113,000 and then dipped to $110,000. With this acquisition, Strategy’s total Bitcoin holdings reached 638,460 BTC, bought for around $47.2 billion at an average of $73,880 per coin.

Metaplanet strengthens reserves, El Salvador celebrates Bitcoin Day

Japanese investment firm Metaplanet disclosed a new purchase of 136 BTC, raising its total to 20,136 BTC valued at over $2.2 billion. CEO Simon Gerovich previously announced a long-term goal to accumulate 210,000 BTC by 2027, which would make Metaplanet the second-largest corporate holder after Strategy.

Meanwhile, El Salvador’s President Nayib Bukele revealed that the country added 21 BTC in celebration of “Bitcoin Day,” marking the anniversary of Bitcoin becoming legal tender in September 2021. The nation now holds 6,313 BTC in its treasury.

Institutional adoption fuels Bitcoin market

Despite BTC price fluctuations, institutional adoption continues to grow. Strategy’s latest buys followed August acquisitions of 7,714 BTC and a massive 31,466 BTC purchase in July. Metaplanet’s stock dropped nearly 3% after its latest disclosure, though shares remain up 92% year to date.