Overview

• Metaplanet acquired 775 BTC for roughly $93 million at about $120,006 per coin, lifting its holdings to 18,888 BTC with a total cost basis near $1.94 billion and an average of about $102,653 per BTC.
• Strategy bought 430 BTC for approximately $51.4 million at about $119,666 per coin, bringing its total to 629,376 BTC, according to an SEC filing and a company announcement.
• Strategy funded the latest purchase through sales of STRK, STRF, and STRD preferred shares and updated its MSTR equity ATM guidance to tie issuance to mNAV bands, adding flexibility below 2.5x for debt service, preferred dividends, or when deemed advantageous.
• Bitcoin traded near $115,000–$116,000 after touching a recent high around $124,000, placing the corporate buys during a market pullback.
• Metaplanet advanced its BTC‑backed financing push with “Metaplanet Prefs” and a plan to build a Bitcoin‑backed yield curve in Japan, following a Q2 swing to profit.