Bitcoin Weekly Recap: Billion-Dollar Bets Signal Growing Corporate Conviction

Michael Saylor's Strategy Invests $1.92B in Bitcoin, Boosting Holdings Over 528,000 BTC

Michael Saylor's Strategy made a bold move by purchasing $1.92 billion worth of Bitcoin, acquiring 22,048 BTC at an average price of $86,969 per coin. This acquisition pushes the firm's total Bitcoin holdings to over 528,000 BTC, the largest among public companies, with cumulative investments reaching $35.63 billion at an average cost of $67,458 per BTC. The purchase occurred amidst market uncertainty related to U.S. President Trump's tariff announcement, yet Saylor remains confident in Bitcoin's long-term value, reporting over $7.7 billion in unrealized profits. Analysts suggest the market's recent volatility may indicate a healthy reset rather than a downturn. However, Strategy could face new tax liabilities due to unrealized gains under the corporate minimum tax from the Inflation Reduction Act of 2022. Despite macroeconomic pressures, Strategy's aggressive acquisition highlights a growing institutional trend that views market dips as strategic buying opportunities.

Metaplanet Acquires 160 BTC, Boosting Holdings to 4,206 BTC Amid Aggressive Accumulation Strategy

Metaplanet has significantly bolstered its Bitcoin holdings, acquiring an additional 160 BTC on April 2, 2025, raising its total to 4,206 BTC. This latest purchase cost approximately 1.998 billion yen ($13.2 million), with an average price of 12.4 million yen ($82,680) per Bitcoin. Following a busy week that included a 2 billion yen ($13.3 million) bond issuance for Bitcoin purchases and the acquisition of 696 BTC through cash-secured put options, the Tokyo-listed firm is aggressively expanding its corporate treasury strategy. Since starting its Bitcoin acquisitions in 2024, Metaplanet has invested around 54.3 billion yen (approximately $359 million) into Bitcoin, with a recorded average price of 12.9 million yen ($85,300) per BTC. In Q1, the company reported a remarkable BTC Yield of 95.6%, positioning itself as one of Asia's largest corporate Bitcoin holders, comparable to MicroStrategy’s strategy in the US.

GameStop Raises $1.5B in Convertible Notes, Plans Bitcoin Acquisition for Treasury

GameStop has successfully completed a $1.5 billion convertible senior note sale, planning to allocate part of the proceeds toward purchasing Bitcoin for its corporate treasury, as disclosed in an SEC filing on April 1, 2025. Initially targeting $1.3 billion, the offering was expanded by $200 million. The company expects to net approximately $1.48 billion after deductions, with the notes maturing on April 1, 2030. Despite a mixed investor reaction—resulting in a nearly 22% drop in GME shares over the past week—the stock showed signs of recovery, closing up 1.3% at $22.61. This move reflects GameStop's strategic shift towards digital assets, similar to MicroStrategy's corporate Bitcoin holdings. The company currently has $4.6 billion in available funds and is stepping into a growing trend, as 41 Bitcoin reserve bills are emerging across 23 states, including recent developments in Kentucky and Oklahoma.

Tether Buys 8,888 BTC for $735M, Total Holdings Reach $7.8B

In Q1 2025, Tether, the largest stablecoin issuer, purchased 8,888 bitcoins for approximately $735 million, increasing its total bitcoin holdings to 92,646 BTC, valued at over $7.8 billion. This acquisition positions Tether as the sixth-largest holder of bitcoin in a single wallet. Consistent with its strategy, the transaction was recorded on March 31, following a pattern of quarterly acquisitions since September 2022, with the firm committing 15% of its net profits to these purchases. Tether reported unrealized gains of around $3.9 billion from its bitcoin investments and generated a net profit of $13 billion in 2024. With a total supply of about $145 billion, USDT remains the world's largest stablecoin. Additionally, Metaplanet, a Japanese investment firm, acquired 696 BTC for $67.9 million, raising its total to 4,046 BTC, worth over $340 million.

MARA Holdings Seeks $2 Billion Stock Offering to Boost Bitcoin Holdings

MARA Holdings, the largest publicly traded bitcoin miner, announced its intention to sell up to $2 billion in an at-the-market stock offering to expand its bitcoin holdings. The company filed a prospectus and form 8-K with the U.S. Securities and Exchange Commission, engaging with several investors, including Barclays Capital and BMO Capital Markets. The proceeds are aimed at general corporate purposes, with a focus on acquiring more bitcoin and enhancing working capital. Currently, MARA holds 46,374 BTC, valued at approximately $3.8 billion, making it the second-largest publicly traded corporate holder of bitcoin, following Michael Saylor's Strategy, which has 506,137 BTC. MARA's strategic initiatives emphasize mining and holding bitcoin as a long-term investment, reflecting its commitment to increasing its BTC stash amid a growing market interest in cryptocurrency investments.

Jetking Infotrain Plans 6.6 Rupee Crore Fundraise to Expand Bitcoin Reserves and Crypto Initiatives

Jetking Infotrain Limited, a Mumbai-based IT education firm, plans to raise $793,000 through a preferential share issue to enhance its bitcoin reserves and support cryptocurrency-related initiatives. The "Strategic Fund Raise," approved by the board, involves issuing 428,622 equity shares, with proceeds primarily allocated for bitcoin purchases, alongside corporate needs and BTC-focused education programs. Jetking adopted a "bitcoin only" treasury policy in late 2024 and currently holds approximately 14.77 BTC, valued at $1.2 million as of December 31, 2024. Traditionally an electronics company since 1947, Jetking transitioned to IT training in 1990 and operates 100 centers across India, serving 35,000 students annually in blockchain and cybersecurity. The company is India's first publicly listed firm to incorporate bitcoin into its balance sheet, with its stock rising 20% after the initial BTC acquisition. The share issuance awaits shareholder and regulatory approvals.

Enish to Purchase $667K in Bitcoin to Enhance Web3 Operations

Enish, a Tokyo Exchange-listed Japanese gaming firm, has announced plans to purchase $667,260 worth of Bitcoin (BTC) by April 4, 2025. The acquisition will utilize the company’s balance sheet and is aimed at strengthening its web3 business operations. Known for mobile games like De:Lithe – The King of Oblivion, Enish highlighted that this BTC investment aligns with its financial strategy to diversify assets while leveraging Bitcoin's liquidity and stability. The firm, which has existing interests in crypto and blockchain gaming, stated that the buy would enhance its understanding of blockchain technology and boost technical capabilities in game development. Enish will conduct quarterly reviews of its Bitcoin holdings and report any unrealized gains or losses in its financial statements. The trend of Japanese companies purchasing Bitcoin is growing, with notable examples including firms like Gumi and Value Creation.

Vanguard Gains Indirect Bitcoin Exposure Through Gamestop's Reserve Plan

Vanguard Group may soon gain indirect exposure to bitcoin through its significant stake in Gamestop (NYSE: GME), which recently announced a bitcoin reserve strategy. Vanguard, a major institutional investor in Gamestop, is traditionally cautious about cryptocurrencies, having previously deemed digital assets speculative and lacking intrinsic value. However, this developing relationship marks a surprising shift as Gamestop plans to raise funds for its bitcoin initiative via a convertible bond offering. The specific amount of bitcoin targeted and the implementation timeline remain undisclosed. This move aligns Gamestop with other companies, like Microstrategy and Tesla, that have integrated bitcoin into their treasury reserves. While competitors such as Blackrock and Fidelity have embraced cryptocurrency via ETFs, Vanguard has consistently distanced itself from digital assets, with leadership openly expressing skepticism about their role in long-term investment portfolios. This potential pivot reflects changing dynamics in the relationship between traditional finance and cryptocurrency.

Genius Group Forced to Sell Bitcoin Holdings After Court Order

Genius Group, an AI-powered education company, is compelled to sell its Bitcoin holdings due to a US court order that restricts it from selling shares, raising funds, or purchasing Bitcoin. Following the court's preliminary injunction on March 13, the company has reduced its Bitcoin assets from 440 to 430 coins and has already sold 10 to support operations. This legal entanglement arises from ongoing disputes with Fatbrain AI, where shareholders have filed fraud lawsuits. The court's orders have significantly impacted Genius Group's stock, leading to a 53% price drop, reducing its market capitalization to just 40% of the remaining Bitcoin treasury's value. Despite these challenges, Genius Group retains its commitment to Bitcoin, emphasizing its role in promoting transparency and preventing fraud. The company is pursuing an appeal against the court's orders while implementing cost-cutting measures across its operations.

This article has been refined and enhanced by ChatGPT.