Strategy Aims for 7% of Total $BTC Supply as Metaplanet Seeks $3.73B to Buy 210K Bitcoin

Metaplanet to Raise $3.73B Through Bitcoin-Backed Stock Offering to Acquire 210,000 $BTC by 2027

Japanese investment firm Metaplanet is planning to raise ¥555 billion ($3.73 billion) via a perpetual preferred stock offering to fund its ambitious Bitcoin strategy of acquiring 210,000 BTC by the end of 2027. The shares may yield up to a 6% dividend and represent a novel Bitcoin-backed equity product. This move follows a broader trend of corporate crypto accumulation, with treasuries now holding over $100 billion in crypto, $93 billion of which is in Bitcoin. Analysts suggest continued accumulation and M2 money supply growth could push BTC to $132,000 by the end of 2025. Meanwhile, markets are eyeing fiscal policy developments and the September FOMC meeting as the next potential macro catalyst for Bitcoin.

Coinbase Slides 15% on Q2 Miss but Bernstein Reaffirms $510 Target, Cites Strong July Rebound and 2,509 $BTC Acquisition

Coinbase shares dropped over 15% after reporting a 26% decline in Q2 revenue, driven by a 39% fall in transaction income and several one-time hits including a $307M data breach cost and a $1.5B unrealized loss on its Circle stake. Despite this, Bernstein remains bullish, calling Q2 irrelevant due to the digital asset market only recovering in July. Analysts noted a 44% rebound in July trading activity and reaffirmed their $510 price target, citing long-term growth potential through stablecoin expansion, tokenized assets, derivatives, and institutional partnerships. Coinbase also acquired 2,509 BTC, pushing it into the top 10 public Bitcoin treasuries.

Saylor Says Strategy Could Hold Up to 7% of Total $BTC Supply, Firm Posts $10B Q2 Profit and Plans $4.2B Raise for More Accumulation

Michael Saylor, co-founder of Bitcoin treasury firm Strategy (formerly MicroStrategy), said the company could eventually hold 3–7% of Bitcoin’s fixed 21 million supply but clarified they don’t aim to monopolize it. Strategy already owns over 628,000 BTC (about 3% of circulating supply), valued at $72 billion, and plans to acquire more through a $4.2 billion capital raise. After posting a record $10 billion Q2 profit driven by unrealized Bitcoin gains, the company’s stock dipped below $380 but is still up 2,488% since its initial BTC purchase in 2020. Benchmark raised its MSTR price target to $705, citing Bitcoin’s long-term upside and Strategy’s dominant position.

DevvStream Deploys $10M Into $BTC and $SOL, Eyes $300M Credit Expansion to Scale Tokenized Carbon Asset Plan

DevvStream Corp. (NASDAQ: DEVS), a carbon management firm, has launched its crypto treasury strategy with a $10 million investment in Bitcoin and Solana. The company raised $300 million through convertible notes and plans to expand its equity line with Helena Global to $300 million to support further crypto purchases and digital infrastructure investments. DevvStream views Bitcoin as a liquid, non-correlated store of value and sees Solana’s network as aligned with its sustainability and tokenization goals. The firm aims to tokenize high-value environmental assets and strengthen its balance sheet as part of a growing trend among public companies adopting crypto treasury strategies.