Public companies adding Bitcoin to their balance sheet — who's buying, who's selling.
Despite the Strategy selling saga, Saylor pitched Goldman Sachs on 'digital credit' — using Bitcoin as collateral for a lending market he values in the trillions. Strategy's Bitcoin-backed loan book now tops $11 billion, showing the infrastructure thesis isn't dead.
Japan's Metaplanet added 2,823 Bitcoin for $225 million during Q2, lifting its total treasury to 43,000 BTC and entering the global top three corporate holders. This is a meaningful counter-signal to the wave of institutional selling, showing Asian corporate demand remains strong.
Japan's Metaplanet expanded its Bitcoin stack to 43,000 BTC, entering the global top 3 corporate holders. While the company's stock is down 49% this year, continued accumulation at these prices represents meaningful counter-pressure against the selling tide.
Metaplanet acquired 2,823 BTC for $170.7M, closing in on the #2 spot in corporate holdings and signaling institutional conviction.
Japan's Metaplanet made its largest-ever single Bitcoin purchase and now holds 43,000 BTC, entering the global top three corporate holders. This is one of the few genuinely positive demand signals in a market otherwise dominated by selling news.
Coinbase's head of institutional strategy told CNBC that more than 40 sovereign nations have made some form of commitment to holding Bitcoin. This is a slow-moving but significant structural support story that could become a much bigger price driver once selling pressure eases.
Coinbase's head of institutional strategy told CNBC that more than 40 countries have formally committed to holding Bitcoin in some form. Sovereign-level demand at this scale represents a long-term floor for Bitcoin that exists entirely outside the ETF ecosystem.
Michael Saylor abandoned his never-sell-Bitcoin doctrine, shaking confidence in MicroStrategy's BTC strategy.
Strategy increased its USD reserves to $2.55 billion and launched a Bitcoin Monetization Program, signaling deeper corporate BTC adoption.
Saylor shared his signature orange-dot chart showing Strategy's 847,363 BTC holdings, widely read by the community as a signal that another purchase announcement is coming. Given the company's financial pressure, the market reaction to any new buy will be complicated.
Strategy's STRC stock fell 25% below par, potentially limiting its ability to raise cash for Bitcoin purchases.
Strategy bought 520 BTC for $35 million, raising its total holdings to 847,363 bitcoin.
Strategy added 520 Bitcoin to its holdings, funded by share sales, boosting its USD reserve to $1.4 billion.
Strategy's 520 BTC purchase today comes while the firm's overall Bitcoin position is roughly $10 billion in the red at current prices. The continued buying despite deep losses is a signal of conviction, but also adds pressure on the balance sheet.
Michael Saylor said Strategy added over 716,000 Bitcoin since 2022, citing a $48B reserve buffer.
