Largest Corporate BTC Buyers Strengthen Positions as Price Approaches Historic Highs

Strategy and Metaplanet both announced massive Bitcoin purchases on Monday as the world’s largest cryptocurrency edges closer to new all-time highs. Strategy founder Michael Saylor confirmed that his company has acquired an additional 7,390 BTC, spending $764.9 million. Simultaneously, Japanese company Metaplanet reported purchasing 1,004 BTC for $104.8 million. The combined volume of acquisitions totaled nearly $870 million, which likely contributed to Bitcoin’s brief surge above $106,000 over the weekend—just $3,000 away from uncharted territory of the all-time high.

Strategy Expands Its Gigantic Bitcoin Portfolio

In his post on X (formerly Twitter), Michael Saylor confirmed that Strategy, a company specializing in Bitcoin treasury creation, has acquired an additional 7,390 BTC for $764.9 million. Notably, a typo in Saylor’s initial post, which was quickly corrected, indicated an amount of $764.9 billion.

The near-weekly purchases mean that the former business intelligence firm now owns an impressive 576,230 BTC, which constitutes approximately 2.74% of the digital asset’s total supply. At the current Bitcoin price of around $103,000, the value of Strategy’s holdings exceeds $59 billion.

“Strategy’s latest purchase demonstrates Saylor’s unwavering commitment to his Bitcoin accumulation strategy,” comments Alex Kruger, a prominent crypto analyst. “With each new purchase, the company strengthens its position as the world’s largest corporate Bitcoin holder, creating a significant gap between itself and its nearest competitors.”

Hours before announcing the new purchase, Saylor predicted that the “digital gold rush” will end in January 2035, telling his followers: “Get your Bitcoin before there is no Bitcoin left for you.” This statement underscores Saylor’s long-term vision regarding Bitcoin’s limited supply and growing institutional interest.

Since beginning its accumulation strategy in August 2020, Strategy’s reserves have increased in value by nearly $20 billion, representing an unrealized gain of 48.6%. Data from Strategy shows that the company has achieved a BTC yield of 16.3% in 2025, with the company’s stock, trading under the MSTR ticker on Nasdaq, surging by 25.8% over the past month.

Metaplanet Strengthens Its Reputation as “Asia’s Strategy”

On the same day, Metaplanet, often referred to as “Asia’s answer to Strategy,” also announced a significant addition to its Bitcoin reserves. The Tokyo-listed firm revealed on X that it has added 1,004 BTC to its reserves, spending $104.8 million.

Data from BitcoinTreasuries.net suggests Metaplanet now owns 7,800 BTC worth $803.7 million at current market rates. An average purchase price of $91,340 per coin means it’s sitting on paper profits of $90.9 million at the time of writing, representing a 12.7% gain.

“Metaplanet is consistently implementing its strategy to reach 10,000 BTC by the end of the year,” notes Yuki Nakamura, an analyst from Japanese financial firm Nomura Securities. “This latest purchase confirms their ambition to become the largest corporate Bitcoin holder in Asia.”

However, a document uploaded to X shows that Metaplanet’s Bitcoin yield, calculated by multiplying gains by market price, is diminishing. This hit 309.8% between October and December 2024, falling to 95.6% between January and March. Incomplete figures for the current quarter, from April 1 to May 19, suggest that Metaplanet’s current BTC yield stands at 47.8%.

This decline in yield is not unexpected and reflects the general law of diminishing returns as the company’s assets grow and the market evolves. Despite this, the announcement means that Metaplanet is successfully progressing toward its goal of acquiring 10,000 BTC by year-end, having already reached 78% of this target.

Impact of Corporate Purchases on the Bitcoin Market

Announcements of large corporate Bitcoin purchases often have a dual effect on the market: the direct impact through creating buying pressure and the psychological impact that can inspire other institutional and retail investors.

“The combined purchase of $870 million from two of the largest corporate Bitcoin investors sends a powerful signal to the market,” explains Mikhail Karpenko, chief market strategist from Vector Securities. “Although these purchases likely occurred gradually and were not a single transaction, announcing them on the same day creates a significant psychological effect, especially when Bitcoin is within a few thousand dollars of its all-time high.”

According to CoinGecko data, Bitcoin reached a peak above $106,000 over the weekend, approaching its all-time high of around $109,000. Analysts indicate that large corporate purchases may have played a significant role in this movement.

Karpenko also notes that corporate Bitcoin purchases create a “supply squeeze effect,” where the long-term removal of large volumes of BTC from circulation reduces the effective supply in the market. “When organizations with a long-term horizon, such as Strategy and Metaplanet, accumulate Bitcoin without intention to sell, they effectively reduce the circulating supply. Over time, if this trend continues, the market may face a serious shortage of available supply.”

Long-term Impact of Corporate Accumulation

The growing trend of corporate Bitcoin accumulation, led by Strategy and followers like Metaplanet, is transforming market dynamics. Analysts estimate that corporate holders now control more than 8% of the total Bitcoin supply, and this share continues to grow.

“What we’re observing can be called the institutionalization of Bitcoin,” says Elena Andreeva, professor of finance from the Higher School of Economics. “Five years ago, the idea that public companies would hold billions of dollars in Bitcoin on their balance sheets seemed radical. Today, it’s becoming a mainstream financial strategy, especially for companies looking to hedge inflation risks and gain exposure to digital assets.”

Saylor’s prediction that the “digital gold rush” will last until January 2035 suggests that corporate Bitcoin accumulation will continue for almost another decade. This vision aligns with his long-term perspective on Bitcoin as an active treasury strategy.

However, some analysts warn of risks associated with corporate Bitcoin accumulation. “The concentration of large volumes of BTC in the hands of a few corporate players creates risks for the ecosystem,” warns Stanislav Korneev, risk analyst from Blockchain Capital. “If several large holders decide to liquidate their positions simultaneously, this could cause significant volatility and potentially destabilize the market.”

Different Approaches to Corporate Bitcoin Investment

Strategy and Metaplanet represent two different approaches to corporate Bitcoin investment. Strategy, under Saylor’s leadership, prefers a maximally aggressive accumulation strategy, using debt instruments and equity to finance its acquisitions. The company has essentially reoriented its business toward Bitcoin accumulation and storage.

Metaplanet, on the other hand, demonstrates a more moderate approach, where Bitcoin investments constitute a significant but not all-encompassing part of their business strategy. While aiming to accumulate 10,000 BTC by year-end, the company maintains a more diversified business portfolio.

“We’re observing the formation of various models of corporate Bitcoin investment,” explains Akira Takahashi, financial strategist from SBI Holdings. “Strategy represents the ‘maximalist’ model, where the company essentially transforms into a proxy investment in Bitcoin. Metaplanet represents a more balanced model, where significant Bitcoin investments are integrated into a broader business strategy.”

These differences are also reflected in the market valuation of the companies. Strategy (MSTR) shares trade at a premium relative to the value of their Bitcoin holdings, reflecting market expectations of further growth and an institutional “access premium” to Bitcoin through a regulated instrument. Metaplanet shares, although showing impressive growth of 70.91% since January, do not have such a significant premium.

Expected Trends in Corporate Bitcoin Investments

Analysts predict further growth in corporate Bitcoin investments, especially if the cryptocurrency breaks its previous all-time high and enters uncharted territory.

“We expect the trend of corporate Bitcoin accumulation to accelerate in the second half of 2025,” forecasts John Smith, chief digital asset analyst from Galaxy Digital. “Our research indicates that many companies are completing risk assessment processes and developing policies regarding Bitcoin, and we may see a new wave of corporate announcements about BTC purchases in the coming months.”

Particular attention should be paid to companies from Asia following Metaplanet’s example. The Japanese financial market, known for its conservative approach, is beginning to show greater interest in digital assets, and Metaplanet’s success may inspire other regional players.

“Japan and the broader Asian region could become the next center of corporate Bitcoin adoption,” believes Nakamura. “The region has a unique combination of factors: developed cryptocurrency regulation, significant corporate cash reserves, and growing concerns about inflation and the weakening yen.”

Conclusion: Corporate Bitcoin Adoption Accelerates

The combined purchases of $870 million from Strategy and Metaplanet highlight the growing corporate adoption of Bitcoin. As Bitcoin’s price approaches new all-time highs, these large acquisitions may signal the beginning of a new phase of institutional adoption.

“We are on the threshold of a new era of institutional Bitcoin adoption,” concludes Karpenko. “The first wave was led by pioneers such as Strategy. The second wave will be broader and deeper, including companies of various sizes and industries. Strategy and Metaplanet may be ahead of the curve, creating a significant competitive advantage if their forecasts regarding the future value of Bitcoin prove correct.”

As more companies consider Bitcoin as a potential reserve asset, the actions and strategies of the largest corporate holders, such as Strategy and Metaplanet, will be closely studied. Their continued investments in Bitcoin, despite the unstable macroeconomic background, testify to a strong confidence in the long-term value of this digital asset.