- Initiative led by Strategy’s Michael Saylor and Metaplanet’s Simon Gerovich.
- BTC trading volume surged by 18% on exchanges.
- Metaplanet’s stock value rose significantly following the announcement.
The acquisition reflects increasing institutional confidence in Bitcoin as a reserve asset, provoking a ripple effect that enhanced Bitcoin’s market valuation and trading volumes.
Strategy, under Michael Saylor, and Metaplanet, led by Simon Gerovich, have acquired 15,000 BTC. This purchase, nearly $1.5 billion, underscores corporate confidence in Bitcoin as a strategic reserve asset amidst ongoing market fluctuations.
The purchase involved 13,390 BTC by Strategy for $1.34 billion and 1,241 BTC by Metaplanet for $126.7 million. Metaplanet funded part of its buy via $15 million in bonds, showing continued interest in bolstering their Bitcoin holdings.
Bitcoin’s trading price increased from $62,500 to $63,940 shortly after Metaplanet’s bond issuance. This surge also affected related stocks, evidenced by Metaplanet’s 5.7% stock increase on May 13.
“The firm has achieved a year-to-date BTC Yield of 170%…yield reached 38% between April 1 and May 12, showing continued value creation for shareholders through its BTC-focused treasury strategy.” — Simon Gerovich, CEO, Metaplanet
Such acquisitions bolster Bitcoin as a financial asset, encouraging similar institutional behaviors. These moves reiterate Bitcoin’s role as a digital store of value and catalyst for further institutional adoption within financial markets.
The financial market’s reaction in Bitcoin’s trading volume exceeded 18%, indicating renewed institutional interest. Historically, such acquisitions trigger bullish trends and increased speculative interest from both retail and institutional traders. The regulatory response remains muted but may evolve with Bitcoin’s increasing institutionalization.