- Bitcoin reached a new all-time high of US$111,970 on Bitcoin Pizza Day, marking 15 years since 10,000 BTC bought two pizzas worth US$1.1 billion today.
- MicroStrategy purchased another 7,390 BTC for US$765 million and established a US$2.1 billion stock program to fund further Bitcoin acquisitions.
- Metaplanet’s share price surged 100% in a day due to a short squeeze on Japan’s most-shorted stock before losing some gains.
- Both Bitcoin corporate giants continue aggressive accumulation strategies despite Bitcoin trading at record highs.
As Bitcoin rallies and makes a new all-time high at US$111,970 (AU$174,480), attention turns to what the next moves of Bitcoin-heavyweights Metaplanet and Strategy are – funny enough, the milestone actually happened on Bitcoin Pizza Day.
First up, Michael Saylor is still buying, despite sky-high prices. In fact, he said you’d be foolish not to buy (not financial advice):
Saylor’s Plans for Strategy
His Tysons Corner, Virginia-based company Strategy has bought another 7,390 BTC for US$765 million (AU$1.1 billion), and although it’s already the largest corporate holder with 576,230 coins, it’s not done yet.
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In a press release on Thursday, Strategy announced it established an “at-the-market” (ATM) programme to issue up to US$2.1 billion (AU$3.26 billion) of its 10 per cent Series A Perpetual Strife Preferred Stock.
Under this arrangement, shares can be sold opportunistically over time – via block trades, negotiated deals, or other Rule 415(a)(4) methods – depending on prevailing prices and volumes.
Net proceeds will fund “general corporate purposes, including the acquisition of bitcoin, and for working capital”, with the offering made under a prospectus supplement to its January 27, 2025 shelf registration.
Metaplanet, widely considered the Asian counterpart to Strategy, meanwhile experienced a surge: the share price gained as much as 100 per cent on Thursday, though it has since given up some of those gains. On the five-day chart it remains up 26 per cent, trading at ¥835 (AU$9.03), up from ¥659 (AU$7.13) on Monday.
The likely cause? A short squeeze. As Japan’s most-shorted stock, Metaplanet saw thin OTC liquidity trigger violent price swings. Metaplanet CEO Simon Gerovich said it’s not a great idea to bet against Bitcoin:
Happy Bitcoin Pizza Day
It has been 15 years since Laszlo Hanyecz paid 10,000 BTC for two pizzas. You can read more about that story over here.
Those pizzas would have set you back US$1.1 billion (AU$1.71 billion) in 2025 if you had paid 10,000 BTC for them – doesn’t that really show how far Bitcoin has come?
Happy Bitcoin Pizza Day!
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