- Strategy ended its two-month pause, buying 4,603 BTC for US$370 million and pushing its total holdings to 845,050 BTC.
- Strive added 1,800 BTC worth US$143 million, lifting its stash to 23,156 BTC and securing a spot among the world’s top five corporate holders.
- Metaplanet moved 4,800 BTC (nearly US$377 million) to Coinbase, part of over 10,270 BTC shifted this week, fuelling speculation of a sale.
- Metaplanet is also expanding into the US, renaming Super League Enterprise as Superplanet and transferring 2,100 BTC to the new entity.
Just yesterday we reported that Michael Saylor said Strategy is “back”, after a two-month break from buying Bitcoin. Now, an 8-K filing with the US Securities and Exchange Commission (SEC) shows that they’re back indeed.
According to the filing, Strategy bought 4,603 Bitcoin for US$370 million (AU$516 million) at an average price of US$80,318 (AU$112,020). Strategy now holds 845,050 Bitcoin for a total purchase price of US$63.3 billion (AU$88.28 billion) at an average price of US$75,413 (AU$105,184).
The Bitcoin purchase was funded by US$602 million (AU$839.7 million) in net proceeds from MSTR common stock sales, with US$30 million (AU$41.8 million) added to cash reserves and US$151.8 million (AU$211.7 million) used to repurchase STRC preferred shares.
Top Five Club
Strive, the listed asset manager turned Bitcoin treasury firm, has also bulked up its stash again – snapping up 1,800 BTC for around US$143 million (AU$199.4 million), at an avg. US$79,431 each (AU$110,778), between 24 and 28 August.
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That takes its total to 23,156 BTC, up from 21,356 the week before, cementing Strive’s spot among the world’s five biggest corporate Bitcoin holders. CEO Matt Cole confirmed the buy on X (formerly Twitter).
Meanwhile, Metaplanet, the world’s fourth-largest corporate Bitcoin holder, shifted 4,800 BTC (nearly US$377 million or AU$525 million) to Coinbase recently, sparking chatter that a sell-off could be on the cards.
Arkham Intelligence data shows this is part of a bigger pattern – Metaplanet has sent over 10,270 BTC (roughly US$806 million or AU$1.1 billion) to Coinbase this week alone, including earlier transfers of 2,000, 3,331 and 139 BTC.
Onchain Lens believes the moves point towards a potential sale, though others reckon Coinbase may simply be serving as custodian.
The Japanese firm made headlines on 19 August when it announced that it was expanding into the US. The plan includes renaming Super League Enterprise as Superplanet and making it a US Bitcoin treasury. Metaplanet said it will initially transfer 2,100 Bitcoin to the new entity.
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