It was another week of relatively smooth sailing for bitcoin, which held steady, trading at around $97,000 midday Friday compared to around $96,000 on Monday morning, according to CoinGecko.
This week, Japanese company Metaplanet added to its bitcoin reserve, buying 68.59 additional bitcoin. Its total stash now stands at 2,100 bitcoin, or, as uber-stockpiler and Strategy CEO Michael Saylor posted, “one basis point” of the total supply.
“As disclosed in the “Bitcoin Plan” on January 28, 2025, the Company remains focused on its previously stated targets of reaching 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026,”Metaplanet said in an announcement.
Something else that held steady this week was Strategy. The company’s total didn’t change from last week, but it did outline plans to buy a lot more bitcoin.
The largest corporate bitcoin owner announced a $2 billion senior convertible note offering to fund more purchases of the assets on Feb 18. Strategy resumed its bitcoin accumulation last week by adding 7,633 bitcoin to its stash, bringing its total to 478,740. The company wrote in an X post that this represents “~76% of all bitcoin held by public companies.”
