USDHow Major Firms Added Billions to Bitcoin Amid Volatility: Weekly Recap
Michael Saylor’s Strategy Plans to Raise $21B to Boost Bitcoin Holdings
Michael Saylor’s Strategy, the largest public corporate Bitcoin holder, aims to raise up to $21 billion to expand its Bitcoin holdings. As of March 10, 2025, the company holds 499,096 BTC, valued at approximately $41.2 billion, acquired at an average price of $66,423 per BTC. Strategy has entered a sales agreement for its 8% Series A perpetual strike preferred stock, launching the "ATM Program" to sell shares gradually based on market conditions. In 2025, the company has already secured 52,696 BTC through six acquisitions. Strategy targets a BTC yield of 15% for 2025, following a yield of 74% in 2024. Saylor, a prominent crypto advocate, actively promotes increased Bitcoin adoption and government holdings, aiming for the U.S. to eventually possess up to 25% of Bitcoin’s total supply. This strategy plays a crucial role in driving institutional interest in cryptocurrency.
El Salvador Defies IMF, Buys 6 BTC, Increasing Holdings to 6,111 BTC
El Salvador has significantly increased its Bitcoin holdings by purchasing 6 BTC on March 10, 2025, in defiance of the International Monetary Fund (IMF) that pressures the nation to cease its Bitcoin accumulation strategy. This purchase brings El Salvador's total Bitcoin reserves to 6,111.18 BTC, valued at approximately $493 million, amid a declining market where Bitcoin hovers above $80,000. The National Bitcoin Office confirmed this acquisition, adding to its typical daily purchase of 1 BTC. Historically, El Salvador has made bulk purchases, including 12 BTC in January, 11 BTC in February, and 5 BTC in early March. Despite a $1.4 billion financing agreement with the IMF that includes requirements against accumulating BTC and limiting public sector involvement, President Nayib Bukele has firmly asserted the country’s commitment to its Bitcoin strategy, dismissing IMF pressures as mere 'whining' and vowing to continue purchases in the future.
Metaplanet’s Bitcoin Holdings Exceed 3,000 BTC After 162 BTC Purchase
Metaplanet has significantly boosted its Bitcoin holdings, surpassing 3,000 BTC after a recent acquisition of 162 BTC, totaling 3,050 BTC valued at approximately $250 million. This purchase cost $13.5 million at an average price of $83,123 per Bitcoin, yielding a year-to-date growth of 53.2%. Metaplanet, dubbed the “Asian MicroStrategy,” has experienced a remarkable stock surge of over 3,000%, becoming Japan’s top-performing stock. On March 12, 2025, their stock rose by 8.6% to $3,630. To further fuel its Bitcoin expansion, Metaplanet raised ¥2 billion ($13.3 million) in zero-interest bonds, which will mature on September 11, 2025. CEO Simon Gerovich emphasized the long-term value of Bitcoin, cautioning against the pursuit of fleeting cryptocurrency trends. Despite a recent 2% climb, Bitcoin's price remains down nearly 16% over the last month, trading currently at $81,665.
Rumble Acquires $17.1 Million in Bitcoin, Plans Further Purchases as Hedge Against Inflation
Video platform Rumble has disclosed $17.1 million in Bitcoin holdings, viewing it as a hedge against inflation. The company has acquired approximately 188 bitcoins at an average price of $91,000 each. This move aligns with Rumble’s strategic expansion into cryptocurrency, as CEO Chris Pavlovski indicated that the company may purchase an additional $20 million worth of Bitcoin based on market conditions and cash needs. Rumble's initial Bitcoin acquisition was on January 20, 2025, coinciding with President Trump’s inauguration. The platform, backed by Tether, aims to integrate crypto into its operations, especially following Tether's $775 million investment in Rumble. Despite a significant drop in cryptocurrency values due to economic concerns, Rumble insists its Bitcoin holdings will not suffer from currency dilution. The company has around 70 million monthly active users but reported net losses in the first three quarters of 2024, with its stock price down 33% year-over-year.
Solv Protocol Raises $10M for Bitcoin Reserve Offering, Targets $100M in BTC Assets
Solv Protocol has successfully raised $10 million for its Bitcoin Reserve Offering (BRO), aiming to establish a $100 million BTC reserve to facilitate institutional investment in Bitcoin (BTC). Unlike traditional investment strategies that simply acquire and hold BTC, such as those used by MicroStrategy, BRO actively deploys funds into yield-generating financial products, including liquid staking tokens, DeFi solutions, and real-world assets, enhancing both appreciation and returns on the reserve. This model is specifically designed for large investors and institutional funds seeking to engage with the BTC market without the complexities of direct custody. By providing a more efficient and less burdensome entry point, Solv Protocol's approach could significantly boost institutional adoption of BTC, integrating traditional finance elements with blockchain innovations to create a flexible investment opportunity that meets the needs of the institutional financial market.
Ark Invest Buys 997 BTC for $80M Amid Market Volatility
Ark Invest, led by Cathie Wood, has strengthened its Bitcoin strategy by purchasing 997 BTC for $80 million via Coinbase, specifically acquiring 498 BTC in one transaction and 499 BTC in another. This investment comes amid market volatility and challenges faced by Bitcoin, including resistance at $83,700 and a potential decline to $75,000 due to trade war concerns. Bitcoin maintains a significant 61% market dominance, with Wood predicting a future price of $1 million per coin by 2030. Alongside its Bitcoin acquisition, Ark Invest has increased its holdings in Coinbase stock, acquiring 64,358 shares valued at approximately $11.53 million. Despite recent institutional selling pressures in response to declining stock performance and inflation worries, Ark remains committed to its diversified investment approach, ensuring no single asset exceeds 10% of its fund values while leveraging market fluctuations for long-term growth opportunities.
StarkWare Launches Bitcoin Reserve Amid Plans to Unify Bitcoin and Ethereum on Starknet
StarkWare has initiated a "Strategic Bitcoin Reserve," committing a substantial portion of its treasury to Bitcoin (BTC) as part of its vision to unify Bitcoin and Ethereum through its Starknet Layer 2 platform. Valued at $8 billion, StarkWare aims to exemplify Bitcoin's utility and store-of-value potential, with CEO Eli Ben-Sasson advocating that all blockchain firms should hold BTC. Alongside the reserve, StarkWare introduced three key developments: the integration of Xverse, a Bitcoin wallet, with Starknet; the launch of "BTCFi Season" to enhance DeFi opportunities for Bitcoin holders; and the Braavos wallet's support for Lightning Network payments. Starknet aspires to be Bitcoin's execution layer, boosting transaction capacity from 13 per second to thousands, while exploring advanced bridge solutions like OP_CAT and BitVM. This initiative aligns with a broader trend of companies adopting Bitcoin reserves, including U.S. government plans for a Strategic Bitcoin Reserve.
This article has been refined and enhanced by ChatGPT.
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