USDInstitutional Crypto Frenzy: Global Firms Ramp Up This Week's Crypto Holdings
Strategy Plans $2 Billion Raise to Acquire More Bitcoin, Eyes Additional Purchases
Strategy, the company founded by Michael Saylor and formerly known as MicroStrategy, plans to raise $2 billion through zero-interest convertible notes to acquire more Bitcoin, marking a strategic pause in its purchasing activities. Announced on February 18, the offering allows the first note purchaser to buy an extra $300 million within five days. The proceeds will primarily fund additional Bitcoin purchases.
The convertible notes will mature on March 1, 2030, and investors can convert them into cash or class A common stock. The initiative is part of Strategy's ambitious “21/21 Plan” to raise $42 billion to acquire Bitcoin, with over 250,000 BTC purchased since October. As of now, Strategy holds 478,740 BTC, valued at approximately $45.8 billion, making it the largest corporate Bitcoin holder globally. The firm rebranded from MicroStrategy on February 5, 2025, to better reflect its evolving operations and vision.
Metaplanet Increases Bitcoin Holdings to 2,100 BTC with $6.6 Million Purchase
Japanese investment firm Metaplanet Inc. has significantly enhanced its bitcoin holdings, acquiring an additional 68.59 BTC for $6.6 million, raising its total to 2,100 BTC (approximately $203 million). This strategic move, initiated in April 2024, aims for a target of 10,000 BTC by late 2025 and 21,000 BTC by the end of 2026. The average purchase price increased from 10.2 million yen ($68,000) to 14.5 million yen ($96,800) per bitcoin.
Metaplanet's unique metric, BTC Yield, reached 309.8% in Q4 2024 before stabilizing at 18% in 2025. To finance its acquisitions, Metaplanet raised 4 billion yen ($26.6 million) through zero-coupon bonds and generated 3.02 billion yen ($20.1 million) from exercising stock acquisition rights. The firm's strategy reflects a broader corporate trend of integrating cryptocurrencies into treasury management, with continued disclosures planned via the Tokyo Stock Exchange.
Port Asia Holdings Buys Bitcoin, Stock Soars 340%
Hong Kong-listed Port Asia Holdings (01723.HK) recently purchased one Bitcoin for approximately $96,150, fueling optimism in cryptocurrencies among its board. Following this announcement, the company's stock price skyrocketed by 340% over three trading days, peaking at HKD 4.4 before settling at HKD 4.25. Additionally, UTXO Management and Sora Ventures acquired a 70.26% majority stake in Port Asia, indicating a strategic shift as the company plans to rebrand itself as Moon Inc. This transformation aligns with the growing interest in cryptocurrencies and the company's aspirations for future appreciation in this asset class.
Altvest Capital Becomes Africa's First Publicly Traded Company to Adopt Bitcoin as Treasury Asset
Altvest Capital, a South African financial firm, has made history by becoming Africa's first publicly traded company to adopt Bitcoin as a strategic treasury asset. The company purchased one Bitcoin for 1.8 million rand ($98,200), emphasizing its exclusive focus on Bitcoin and rejecting alternative cryptocurrencies. Altvest aims to preserve shareholder value, mitigate currency depreciation risks, and gain exposure to Bitcoin as a globally recognized store of value. Founded in 2021, Altvest plans to raise $10 million by selling shares, following due diligence in risk assessment for Bitcoin.
This move reflects growing cryptocurrency adoption in Africa, with South Africa emerging as a hub for crypto firms. The country's Financial Sector Conduct Authority has approved over 70 crypto service providers, enhancing consumer protections. This milestone underlines South Africa's commitment to integrating cryptocurrency within its financial framework, positioning it as a leader in the region's digital asset landscape.
Sol Strategies Acquires $2.66M in SOL, Partners with Tetra Trust for Enhanced Institutional Staking
Sol Strategies, a Canadian public company focused on the Solana blockchain, has recently purchased 12,456 SOL tokens for approximately $2.66 million, raising its total holdings to 226,798 SOL, valued at $47.51 million as of February 14, 2025. This acquisition, executed at an average price of $212.90 per SOL, underscores the company's confidence in Solana's fast and cost-effective blockchain capabilities.
Furthermore, Sol Strategies has been selected as an approved staking provider for Tetra Trust, Canada’s first licensed digital asset trust company, which enhances institutional access to Solana staking. Tetra's clients, including those linked to 3iQ’s incoming Solana Staking ETF, can utilize Sol Strategies’ validator infrastructure through Tetra’s secure custody platform. This collaboration aims to boost institutional adoption of Solana, highlighting the growing interest in staking as a yield-generating strategy for institutional investors. Leah Wald, CEO of Sol Strategies, and Didier Lavallée, CEO of Tetra Trust, emphasize the partnership’s significance.
This article has been refined and enhanced by ChatGPT.
