Strategy, Metaplanet Continue Bitcoin Treasury Push But The Pace Is Slowing
Two of the most prominent corporate backers of Bitcoin (CRYPTO: BTC), Strategy (NASDAQ:MSTR) and Japan-based Metaplanet (OTCQX:MTPLF), are continuing their aggressive BTC acquisition strategies.
Strategy revealed earlier this week that it had acquired 4,020 more Bitcoin for approximately $427.1 million between May 19 and May 25.
This purchase brings the firm’s total BTC holdings further into the billions but also highlights a decline in the pace of its recent buying activity.
Most of the funds came from a $21 billion at-the-market (ATM) stock offering, with $348.7 million raised last week, down from over $700 million the week before, and substantially less than the $1.31 billion secured during the early-May surge.
According to K33 Research‘s Vetle Lunde, …
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