Bitcoin continues to surge past $87,000 as institutional players show renewed interest in the cryptocurrency. On April 21, both Japan-based Metaplanet and US firm Strategy (formerly MicroStrategy) announced significant Bitcoin acquisitions, totaling nearly 7,000 BTC combined. This move underscores their confidence in Bitcoin as a safeguard against inflation and financial instability.
Metaplanet, a publicly listed investment company based in Tokyo, disclosed that it had added 330 BTC to its balance sheet on April 21. This purchase, valued at approximately $28.2 million, marks the third Bitcoin acquisition for the company this month. With this addition, Metaplanet now holds 4,855 BTC, worth around $414 million. CEO Simon Gerovich highlighted the firm’s performance post-purchase, citing a Q2 BTC yield of 12.1% and a year-to-date yield of 119.3%. He emphasized the importance of maximizing Bitcoin per share (BPS) and underscored the significance of BTC yield as a vital metric for treasury-focused crypto companies. Gerovich also pointed out the macroeconomic factors driving the firm’s aggressive BTC acquisitions, noting that Bitcoin provides protection against fiat currency dilution in the face of continued global money supply expansion.
Meanwhile, Strategy (formerly MicroStrategy) announced the purchase of approximately 6,556 BTC for $555.8 million. This acquisition brought Strategy’s total Bitcoin holdings to 538,200 BTC, with an average cost of $67,766 per coin. The company’s year-to-date BTC yield for 2025 currently stands at 12.1%. The funding for this purchase came from selling 1.76 million shares of its Class A common stock and over 91,000 shares from a preferred stock series designated STRK, generating $547.7 million and $7.8 million, respectively. Chairman Michael Saylor noted that Strategy has over 13,000 institutional investors, more than 800,000 retail investors, and approximately 55 million individuals indirectly exposed to the company’s Bitcoin position through various investment vehicles.
At the time of writing, Bitcoin is ranked #1 by market cap, with the price up 4.26% over the past 24 hours. The cryptocurrency has a market capitalization of $1.75 trillion and a 24-hour trading volume of $33.43 billion. In the broader crypto market, the total valuation stands at $2.77 trillion with a 24-hour volume of $77.66 billion, and Bitcoin dominance is at 63.32%.
The continued bullish sentiment from institutional players like Metaplanet and Strategy underscores the growing mainstream acceptance of Bitcoin as a reliable store of value and hedge against economic uncertainties. As the cryptocurrency market continues to evolve, these strategic acquisitions signal a broader trend of institutional adoption and investment in the digital asset space.