Strategy to Acquire $2 Billion in Bitcoin; Metaplanet Holds 2,100 BTC

On February 20, Strategy, formerly MicroStrategy, announced plans to acquire an additional $2 billion worth of Bitcoin through a convertible notes offering. The zero-interest notes, maturing in 2030, can be converted into Strategy's stock at $433.43 per share, a 35% premium. Strategy currently holds 478,740 BTC, valued at over $46 billion. Also on February 20, Metaplanet, a Japanese firm mirroring Strategy's approach, announced it purchased 68.59 BTC for $6.6 million, averaging $96,335 per Bitcoin. This brings their total holdings to 2,100 BTC, valued at over $204 million. Metaplanet aims to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. The company also secured the largest weighting (6.27%) in the CoinShares Blockchain Global Equity Index (BLOCK Index).