Crypto Whale Gobbles 705 BTC in $75M Splurge—Now Hoards 581,000 Bitcoin

Another day, another nine-figure Bitcoin buy—because apparently traditional finance wasn’t volatile enough for some folks.

The latest scoop? A deep-pocketed strategy just dropped $75.1 million on 705 BTC, inching its total stash toward the 581,000 mark. That’s enough to make even Satoshi raise an eyebrow.

While Wall Street debates P/E ratios, crypto’s big players keep stacking sats like there’s no tomorrow. Maybe they know something we don’t—or maybe they just enjoy watching bankers sweat.

• Strategy adds 705 BTC, pushing its total holdings to a record 580,955 BTC.
• Metaplanet buys 1,088 BTC, boosting reserves to 8,888 BTC amid accumulation trend.
• Bitcoin trades above $104K with volume up 20.79%, showing strong market participation.

Bitcoin-focused firm Strategy, formerly known as MicroStrategy, has expanded its Bitcoin reserves with the purchase of 705 BTC. Executive Chairman Michael Saylor’s announcement on X confirmed that the company spent approximately $75.1 million on the acquisition. With this transaction, Strategy now holds a total of 580,955 BTC, solidifying its position as the largest corporate holder of Bitcoin to date.

Strategy has acquired 705 BTC for ~$75.1 million at ~$106,495 per bitcoin and has achieved BTC Yield of 16.9% YTD 2025. As of 6/1/2025, we hodl 580,955 $BTC acquired for ~$40.68 billion at ~$70,023 per bitcoin. $MSTR $STRK $STRFhttps://t.co/f1Po1GtrIo

The latest purchase was financed through the liquidation of equity holdings between May 26 and June 1. Strategy sold 353,511 shares of STRK for roughly $36 million and 374,968 shares of STRF for about $38 million.

According to Saylor’s disclosure, the company has invested $40.68 billion in Bitcoin over time, with the average cost per coin standing at $70,023. The recent acquisition was executed at a higher average price of $106,495 per BTC, underlining the firm’s ongoing commitment to accumulating the digital asset despite market volatility. At current prices, the value of Strategy’s Bitcoin holdings exceeds $60.4 billion, translating to more than $20 billion in unrealized gains.

Metaplanet Expands Holdings in Parallel

In a related development, Japanese public firm Metaplanet also reported a large Bitcoin purchase on the same day. The company acquired 1,088 BTC, spending approximately $117.3 million. This brings Metaplanet’s total Bitcoin holdings to 8,888 BTC. The Tokyo-based firm has been steadily accumulating Bitcoin over recent months, following a similar strategy to Strategy.

Metaplanet has acquired 1088 BTC for ~$117.3 million at ~$107,771 per bitcoin and has achieved BTC Yield of 225.4% YTD 2025. As of 6/2/2025, we hold 8888 $BTC acquired for ~$829.7 million at ~$93,354 per bitcoin. $MTPLF pic.twitter.com/FYjiHiOIzL

Following these acquisitions, Bitcoin was trading at $104,513.57 during the time of writing, marking a 0.22% gain over the past 24 hours, according to the latest CoinMarketCap data. Its market capitalization ROSE to $2.07 trillion, while the fully diluted valuation (FDV) reached $2.19 trillion. Trading volume also spiked by 20.79% during the same period, hitting $41.58 billion and signaling increased market activity.

Additionally, Bitcoin’s circulating supply currently stands at 19.87 million out of a capped 21 million, leaving just over 1.1 million coins yet to be mined. The volume-to-market cap ratio is 2.02%, reflecting adequate liquidity levels in the market.

The 24-hour price chart showed a sharp climb in the early morning hours, peaking above $105,500 around 3:00 AM. This was followed by a period of sideways trading, a midday spike, and a correction back to NEAR $104,000.