Strategy, the largest public corporate holder of bitcoin, added roughly $1.6 billion worth of bitcoin last week, while Japan’s Metaplanet unveiled a fresh $255 million capital raise and a new warrant structure to finance further purchases, extending a wave of corporate accumulation as bitcoin pushed back toward multi-week highs.
Strategy’s latest filing showed the buying was funded through recent at-the-market sales, while Metaplanet’s new capital plan underscores how listed bitcoin treasury firms are using equity-linked fundraising to expand reserves as sentiment improves.
Strategy Turns New Capital Into Fresh Bitcoin
Strategy said it bought 22,337 bitcoin between March 9 and March 15 for about $1.57 billion, lifting its total holdings to 761,068 bitcoin. The company noted that the average price paid for the latest purchase was $70,194 per token, while the average purchase price across its total stash stood at $75,696.
During the same period, it raised about $1.576 billion in net proceeds through sales under its at-the-market program, including STRC preferred stock and MSTR common stock.
Japanese Counterpart Opens a New Funding Lane
Metaplanet, among Asia’s most aggressive corporate bitcoin buyers, said on Monday it had raised about $255 million from overseas institutional investors through a third-party allotment and separately approved a new series of stock acquisition rights for EVO FUND to support future bitcoin purchases.
The company noted that the new warrant deal could generate about 37.1 billion yen ($255 million) in net proceeds, with roughly 33.4 billion yen allocated to bitcoin purchases and about 3.7 billion yen for to its bitcoin income business, giving investors a clearer view of how the proceeds will be deployed.
The company also said its bitcoin holdings had climbed from 1,762 BTC at the end of 2024 to 35,102 BTC by the end of 2025, with a target of 100,000 BTC by the end of 2026, underscoring that the latest fundraising forms part of an aggressive accumulation strategy already underway.
Bitcoin Recovery Finds Support in ETF Inflows
Both moves coincided with a more sustained shift in Bitcoin’s price, with the cryptocurrency beginning to recover last week after a rough start to the year, climbing back above $70,000, and reaching $75,900 during the week, as spot Bitcoin ETFs witnessed roughly $596.2 million in net inflows between March 10 and March 13, before adding another $199.4 million on March 16, pointing to a steady return of demand as the rally regained momentum.
