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As competition to build crypto treasury firms accelerates, shares of market leaders like Strategy, Metaplanet, and BitMine are taking a beating. Metaplanet has plummeted more than 31% over the past month, BitMine Immersion Technologies has shed 18% of its value, while Strategy (formerly MicroStrategy) shares have plunged 15%. Those falls came exactly as firms around the world found crypto treasury religion. In the last month alone, the number of corporate Bitcoin holders has soared above 300 after 21 new companies joined the trend. Combined, Bitcoin treasury firms now hold 3.7 million BTC. Digital Asset Treasury Companies (DATCOs) held over $100 billion in digital assets at the end of July, according to Galaxy Research, with $93 billion in BTC and more than $4 billion in ETH, led by BitMine and SharpLink Gaming. Treasury companies have launched holdings in at least ten other digital assets, including SOL, XRP, BNB, and HYPE. A `Bumpy Ride Ahead,’ Says NYDIG Greg Cipolar...

Japan-based Metaplanet has acquired 103 BTC worth $11.7 million, bringing it close to surpassing Riot Platforms as the world’s sixth-largest corporate Bitcoin holder. The company’s CEO, Simon Gerovich, said in an Aug. 25 X post that the latest BTC purchase was executed at an average buy price of $113,491 per BTC. Following the recent acquisition, Metaplanet’s holdings in the largest crypto by market cap now stand at 18,991 BTC.  Metaplanet Looks To Climb Bitcoin Treasury Rankings Gerovich added that Metaplanet’s holdings were acquired for a total cost of around $1.95 billion, with the overall average price for the acquisitions standing at approximately $102,712 per BTC. So far, the company has also achieved a year-to-date (YTD) BTC yield of 479.5%, Gerovich said.  That’s as the company looks to double down on its BTC strategy. Earlier this month, the firm unveiled its Bitcoin-backed yield curve and its “Metaplanet Prefs” program t...

Norway’s Norges Bank, the world’s largest sovereign wealth fund with $1.7 trillion in assets, has boosted its Bitcoin holdings by almost 84% in the second quarter, mainly by buying shares in Michael Saylor’s Strategy and Japan-based Metaplanet. That’s according to Standard Chartered, which says Norges Bank raised its total indirect holdings to 11,400 BTC from 6,200 BTC during the period. Standard Chartered’s head of digital asset research Geoffrey Kendrick described the surge as a “proactive position,” reflecting a broader trend of sovereign wealth funds and government entities boosting indirect Bitcoin exposure via treasury-focused firms. Kendrick reached his conclusions by analyzing 13F filings with the US Securities and Exchange Commission (SEC) by companies with holdings in BTC ETFs (exchange-traded funds), Strategy, and Metaplanet.  Kendrick recently raised his year-end BTC target to $200K, aligning with Canary Capital CEO Steven M...