MicroStrategy and Metaplanet are executing aggressive Bitcoin acquisition strategies amid growing institutional confidence in the cryptocurrency as a treasury reserve asset. MicroStrategy currently holds 628,791 BTC and plans to raise $4.2 billion through new financing, targeting control of 7% of Bitcoin’s total supply. The firm projects its holdings could reach $141 billion valuation if Bitcoin achieves $225,000 per coin by 2026.
Japanese investment firm Metaplanet announced a $3.7 billion preferred stock offering to expand its Bitcoin position twelvefold. The initiative aims to accumulate at least 210,000 BTC by 2027, despite triggering a 7.65% decline in its stock price following the disclosure.
Coinbase’s quarterly results revealed shifting cryptocurrency trading preferences, with XRP surpassing Ethereum in transaction revenue contribution during Q2. While the exchange reported a 25% year-over-year revenue decline to $1.5 billion, XRP accounted for 13% of transaction revenue versus Ethereum’s 12%, signaling evolving altcoin market dynamics.
Concurrent industry developments include Robinhood CEO Vlad Tenev emphasizing ‘tokenization’ during earnings discussions, while Bitcoin mining firm MARA Holdings faced investor criticism for insufficient business diversification beyond its core mining operations.
These corporate maneuvers highlight deepening institutional commitment to Bitcoin alongside rapidly changing investor behavior in alternative cryptocurrency markets.