MicroStrategy has made headlines once again with another massive Bitcoin acquisition. The firm announced it had purchased 7,390 BTC for approximately $764.9 million, further entrenching its position as one of the largest institutional Bitcoin holders globally.
The acquisition took place over a six-day period from May 12 to May 18, with an average purchase price of $103,498 per coin. This strategic buy has pushed the company’s total Bitcoin holdings to 576,230 BTC, now worth about $59 billion based on current market rates.
To finance the acquisition, MicroStrategy raised capital through a combination of equity instruments, including a $705.7 million ATM stock offering and an issuance of 621,555 Series A STRK preferred shares, worth $59.7 million.
Average Entry Price Remains Favorable
Across its entire portfolio, MicroStrategy’s average cost per Bitcoin stands at $69,726, with a cumulative investment of $40.18 billion. This positions the company with significant unrealized gains and affirms its long-term belief in Bitcoin as a superior treasury reserve asset.
Japanese Firm Metaplanet Deepens Bitcoin Strategy
Japanese tech investment firm Metaplanet has also reinforced its commitment to Bitcoin. It recently acquired 1,004 BTC at a per-coin cost of about 15.13 million yen (~$105,000), adding to its growing digital asset treasury.
With this latest acquisition, Metaplanet now holds 7,800 BTC, valued at approximately $732 million. Since the beginning of April, the company has aggressively ramped up purchases, increasing its holdings by 3,754 BTC in under two months—2,000 of which were bought in just the first three weeks of May.
Institutional Confidence in Bitcoin Grows Stronger
The actions of MicroStrategy and Metaplanet highlight the growing confidence among institutional investors in Bitcoin’s long-term value. Amid a backdrop of economic uncertainty and global tensions, corporations are increasingly viewing Bitcoin as a safe-haven asset and a hedge against inflation and geopolitical instability.
These strategic investments are expected to continue fueling Bitcoin demand, putting upward pressure on its price and further validating its place in institutional portfolios.
Legal Battle Could Complicate MicroStrategy’s Crypto Push
Despite its financial success, MicroStrategy is now facing a legal headwind. On May 16, a class action lawsuit was filed in the Eastern District of Virginia, naming the company and executives Michael Saylor, Phong Le, and Andrew Kang as defendants.
The plaintiff, Anas Hamza, alleges that the company misrepresented the risks associated with its crypto-heavy investment strategy, potentially misleading shareholders. If the court finds merit in the case, the outcome could have significant implications for MicroStrategy’s leadership and financial outlook.
The Bigger Picture: Market Dynamics and Investor Sentiment
As Bitcoin’s price hovers near $103,000, momentum appears to be building for another bullish push. The rising demand from institutional players like MicroStrategy and Metaplanet signals broader acceptance of Bitcoin in the traditional financial landscape.
Amid rising tensions in the Middle East and ongoing economic uncertainty, safe-haven assets like Bitcoin and gold are gaining traction. Investors are increasingly turning to Bitcoin not only for its potential returns but also as a hedge against global risk factors.
With corporate treasuries growing more crypto-friendly, the market will likely see further inflows, strengthening Bitcoin’s status as a core financial asset in the digital age.
