USDBitcoin Treasury Weekly Recap: Buys Surge as Firms Double Down
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Saylor's Strategy Surpasses 500K BTC After $584M Purchase Amid Tariff Uncertainties
Michael Saylor's firm, Strategy, has marked a significant milestone by surpassing 500,000 BTC in their corporate treasury. According to a March 24 SEC filing, the company acquired 6,911 Bitcoin between March 17 and March 23 for approximately $584 million, averaging $84,529 per coin. This brings Strategy’s total holdings to 506,137 BTC, with a cumulative investment of around $33.7 billion and an average purchase price of $66,632 per Bitcoin, including fees. This latest acquisition follows a $711 million preferred stock offering finalized on March 21, which has provided additional liquidity for Bitcoin investment. Despite macroeconomic uncertainties spurred by impending U.S. tariffs set for April 2, institutional interest in Bitcoin is resurging, indicating Saylor's firm commitment to the digital asset. Analysts suggest market momentum may be limited until trade policy clarity emerges.
GameStop Raises $1.3B to Invest in Bitcoin, Signaling Shift Toward Crypto Adoption
GameStop has announced a major fundraising effort, raising $1.3 billion through a private offering of zero-interest convertible notes, maturing in April 2030. A significant portion of these funds will be allocated to purchasing Bitcoin as a corporate reserve asset, marking a strategic pivot for the iconic video game retailer. This development mirrors MicroStrategy's approach to using Bitcoin in corporate finance, suggesting a burgeoning trend of traditional companies embracing cryptocurrencies. GameStop also updated its investment policy to permit holding Bitcoin and U.S. dollar-denominated stablecoins. The convertible notes allow flexibility in managing financial obligations, with an additional $200 million available for purchase shortly after the initial offering. By taking these steps, GameStop positions itself as a key player in bridging traditional finance and the crypto space, potentially sparking increased institutional interest and further corporate adoption of cryptocurrencies in 2025.
Bpifrance to Invest $27 Million in French Crypto Startups to Boost Blockchain Ecosystem
On March 28, 2025, France's state-backed investment bank, Bpifrance, announced plans to invest up to $27 million (€25 million) in lesser-known digital assets to bolster the French blockchain ecosystem. This initiative aims to support crypto startups with a strong presence in France, focusing on areas such as decentralized finance (DeFi), tokenization, and artificial intelligence. Bpifrance’s investment represents a pioneering move among sovereign funds, specifically targeting smaller, newly-issued tokens from French projects that are not yet listed on exchanges. While the global blockchain market is booming, funding remains limited in France. Bpifrance has previously invested over €150 million ($162 million) in the blockchain sector, including early support for hardware wallet maker Ledger. As the U.S. pushes aggressively for a stronger crypto strategy, Bpifrance’s efforts signify a crucial step for enhancing French competitiveness in the digital asset arena.
Metaplanet Boosts Bitcoin Holdings to $293 Million, Appoints Eric Trump to Advisory Board
Metaplanet Inc., a Japanese Bitcoin treasury company, has increased its Bitcoin holdings to 3,350 BTC after purchasing an additional 150 BTC, bringing its total to approximately $293 million (42.216 billion yen) at a Bitcoin price of over $88,000. Previously ranked as the tenth largest corporate Bitcoin holder globally, Metaplanet aims to accumulate 10,000 BTC by 2025 and 21,000 BTC by 2026. The firm recently appointed Eric Trump to its newly formed Strategic Advisory Board, citing his business expertise and passion for Bitcoin as valuable for driving adoption. Additionally, Metaplanet is engaged in “Asia’s largest-ever equity capital raise for Bitcoin,” targeting $745 million through the issuance of share warrants. This initiative reflects its commitment to expand its market position and contribute to Bitcoin’s ecosystem. The company's stock price has surged recently, indicating investor interest and confidence in Metaplanet's strategy.
KULR Technology Buys $5 Million More in Bitcoin, Totaling 668.3 BTC
KULR Technology Group has increased its bitcoin holdings by acquiring an additional $5 million worth, totaling 668.3 BTC. This purchase, which involved acquiring 58.3 BTC at an average price of $88,824, is part of KULR's strategy to allocate up to 90% of its surplus cash reserves to bitcoin. Overall, KULR's average purchase price for its total bitcoin holdings is approximately $97,305, amounting to a total investment of around $65 million. The company's current bitcoin holdings are valued at $59 million. The firm has achieved a substantial Year-to-Date BTC Yield of 181.1%, reflecting the effectiveness of its bitcoin treasury strategy in enhancing shareholder value. KULR is joining other firms like Semler Scientific and MicroStrategy in adopting this acquisition playbook. Additionally, KULR's stock has risen by 2.1% in early trading, while it has experienced a 618% gain over the past year, despite a 55% loss year-to-date.
Dominari Holdings Invests $2 Million in BlackRock’s Bitcoin ETF
Dominari Holdings (ticker DOMH), a publicly traded company with a market cap of $70 million, has adopted a corporate Bitcoin treasury strategy, investing $2 million in BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest spot Bitcoin ETF. This decision aligns with Dominari’s broader aim to transition into a dynamic holding company focused on emerging technologies and innovation. Following the announcement during its fourth-quarter earnings release, Dominari anticipates total revenue of approximately $19 million for 2024, with over $8 million recognized in Q4 alone. The company's management plans to grow its Bitcoin treasury as cash reserves increase. Currently, other firms, including GameStop and Japan’s Metaplanet, are also engaging in similar Bitcoin strategies amid a supportive regulatory environment. Despite the announcement, DOMH shares declined 8.2% to $4.80 at publication, reflecting mixed investor sentiment in light of stock dilution and the company’s financial history.
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