Strategy and Bitmine both announced fresh crypto buys today, while Metaplanet revealed its latest capital raise.
Strategy and Bitmine — the two largest digital asset treasury companies by crypto holdings — disclosed fresh crypto acquisitions on Monday, continuing the aggressive accumulation that defined their activity last week.
Strategy acquired 22,337 BTC for approximately $1.57 billion at an average price of ~$70,194 per Bitcoin. The Michael Saylor-led firm now holds 761,068 BTC, acquired for a total of ~$57.61 billion at an average cost of about $75,696 per coin — meaning the entire treasury sits just 1.8% underwater at current prices, with BTC currently trading around $74,300.
The buy is 4,343 BTC larger than the previous purchase, disclosed last week, which had an average per coin price of $70,946, as The Defiant reported.
MSTR shares were trading around $146, up about 5% on the day so far, according to Yahoo Finance.
Also today, March 16, the CEO of Metaplanet, Simon Gerovich, added to that momentum, announcing a new capital raise for the Japanese Bitcoin treasury firm. Metaplanet raised $255 million from investors, and said an additional monetization of its equity could bring in another $276 million. The move gives the firm up to $531 million to invest in Bitcoin, toward Metaplanet’s goal of holding 210,000 BTC.
Per data from Bitcointreasuries, Metaplanet is currently the fourth-largest Bitcoin DAT, holding 35,102 BTC.
ETH Moves
Bitmine Immersion Technologies, the dominant Ethereum treasury company, also reported a fresh purchase this week. Bitmine announced today that its ETH holdings have reached 4,595,562 tokens, at an average price of $2,185 per token. The firm bought 60,999 ETH in the past week, per a press release. The latest purchase is only slightly larger than the previous week’s of 60,976 ETH, but both are notably above Bitmine’s average weekly buy of 45,000-50,000 ETH.
Bitmine now owns 3.81% of the total ETH supply, advancing toward its stated “alchemy of 5%” target. Chairman Tom Lee also noted that Bitmine acquired 5,000 ETH directly from the Ethereum Foundation to enable the EF to fund its operations without selling into the open market.
BMNR shares rallied 11% today, trading at $22.80, per Yahoo Finance. The spot price of ETH is up over 9% today to trade near $2,300.
The moves are part of a broader wave of institutional DAT activity. As The Defiant reported in August, DAT companies collectively held over $100 billion in digital assets at the time, led by publicly listed companies such as Strategy, Metaplanet, and SharpLink Gaming. The crypto treasury strategy for public firms moved from an experiment, led by Strategy, to a trend last year, as The Defiant reported.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
