Strategy, formerly known as MicroStrategy, acquired around 3,450 Bitcoin worth $286 million last week, the company said in a Securities and Exchange Commission filing.

Unveiling a Bitcoin purchase for the third straight Monday, the Tysons, Virginia-based firm now owns 531,644 Bitcoin worth $45.2 billion, based on the asset’s current price.Strategy paid an average price of $82,600 per Bitcoin last week, it added.

Strategy, which has shifted its focus from software development to become a Bitcoin treasury, said it meanwhile sold one million Class A common shares through an at-the-money offering program unveiled in October. Under the initiative, Strategy said it can still issue an additional $2 billion worth of common shares, alongside swaths of preferred perpetual stock.

Strategy’s shares rose 4% on Monday to around $312, as the tech-heavy Nasdaq surged 1.5%, adding on to last week’s recovery after the White House said smartphones and computers would be exempt from sweeping levies, including 125% taxes on Chinese goods, per Nasdaq.

Monday’s price action represents a dramatic turnaround after investors navigated outsized uncertainty last week, including a disclosure from Strategy that it may ultimately need to sell Bitcoin to meet its financial obligations. Amid tariff-linked concerns, Strategy’s shares fell as low as $236, or around 32% below their opening on Monday.

“No Tariffs on Orange Dots,” Strategy co-founder and Executive Chairman Michael Saylor said on X, formerly Twitter, on Sunday, referring to the way Bitcoin buys look on Saylor Tracker.

The price of Bitcoin was recently changing hands around $85 on Monday, showing a roughly 8.3% increase of the past week, according to CoinGecko. Over the past month, it’s virtually flat.

Strategy has become the world’s largest corporate holder of Bitcoin since it began accumulating the asset in 2020. Over time, as it has embraced its role as a Bitcoin treasury firm, Strategy has issued billions of dollars in debt to buy more Bitcoin than it could otherwise.

The Nasdaq-listed firm’s 531,600 Bitcoin tower over the next largest corporate holder, Bitcoin miner Marathon Digital, which is around 47,500 Bitcoin, according to Bitcoin Treasures. As of this writing, Strategy’s stash accounted for more than 2.5% of Bitcoin total supply.  

The Tokyo-based investment firm Metaplanet, which began buying Bitcoin last May, said on X on Monday that it had recently bought 319 Bitcoin worth $27 million. The company said in an update that it now holds 4,525 Bitcoin worth around $385 million.

Among publicly traded companies, MetaPlanet is currently the 10th largest Bitcoin holder, according to Bitcoin Treasuries. 

Edited by James Rubin

Metaplanet, the Tokyo-listed firm dubbed “Asia’s MicroStrategy,” has boosted its Bitcoin holdings with a fresh 3.78 billion yen ($26.3 million) purchase amid growing tension over U.S. trade tariffs. 

The company said it acquired 319 BTC at an average price of 12,849,780 yen ($82,549) per coin, bringing its total holdings to 4,525 BTC. Metaplanet plans to boost its Bitcoin holdings by 470%, targeting a total of 10,000 BTC by year-end.

The timing of the purchase comes as digital assets falter under geopolitical pressure. Bitcoin dropped more than 2% on Sunday during Asia trading hours, sliding to $83,482 as investors digested conflicting signals from Washington over the direction of U.S. trade policy toward China.

Traditional markets remained resilient despite a flurry of comments from the Trump administration regarding new tariffs on Chinese electronics. Nasdaq 100 futures rose over 1% in early trading, while S&P 500 futures climbed 0.7%.

While smartphones and semiconductors were temporarily excluded from a proposed 10% “reciprocal” tariff, President Trump clarified late Sunday on Truth Social that the same products will remain subject to a separate 20% national security levy.

Commerce Secretary Howard Lutnick said further sector-specific tariffs are expected within the next two months.

By Monday, 1 a.m. ET, Bitcoin was up just 0.4% over the last 24 hours, trading at $84,990, according to CoinGecko. Ether was up 1.8% to $1,638 over the same period. The top ten cryptocurrencies by market cap have all posted slight gains or no change.

Metaplanet has leaned heavily into Bitcoin as its core treasury asset. Last month, the company appointed Eric Trump, son of the U.S. president, to its newly formed Strategic Advisory Board, citing his “business expertise and passion for Bitcoin.”

Metaplanet is positioning itself in the mold of Michael Saylor’s Strategy, whose aggressive Bitcoin accumulation strategy has influenced a growing number of publicly listed firms to follow suit.

At the same time, the Trump administration has launched two separate initiatives: a Strategic Bitcoin Reserve, funded by seized BTC and held as a permanent national asset, and a U.S. Digital Asset Stockpile, which includes other confiscated crypto with potential for liquidation or strategic use.

Edited by Sebastian Sinclair

Ripple Labs and the U.S. Securities and Exchange Commission have jointly filed a request to suspend their respective appeals as they “pursue a negotiated resolution” of their long-running case.

As detailed in a filing submitted yesterday to the U.S. Court of Appeals for the Second Circuit, the two parties have already reached an agreement-in-principle, with Ripple CEO Brad Garlinghouse revealing last month that the SEC would be dropping its appeal.

Yesterday’s application represents the first official confirmation that the SEC has indeed dropped the appeal it lodged in October, while it also confirms that Ripple seeks to drop its cross-appeal.

Yet the document also makes clear that the agreement-in-principle between the two parties has not gained final approval from the SEC.

“The parties require additional time to obtain Commission approval for this agreement-in-principle, and if approved by the Commission, to seek an indicative ruling from the district court,” reads the filing, which was signed by legal representatives for both sides.

It’s possible that final SEC approval may not come until Trump nominee Paul Atkins assumes his role as chairman, although having gained Senate confirmation on Wednesday, his swearing in could only be a matter of days away.

Ripple vs the SEC

SEC approval of the agreement would mark the final end of a legal dispute which began in December 2020, when the regulator filed a suit alleging that Ripple had raised $1.3 billion via the sale of unregistered securities since 2013.

July 2023 saw Judge Analisa Torres rule largely in Ripple’s favor, determining that third-party sales of XRP on exchanges didn’t constitute the offering of (unregistered) securities.

However, the SEC filed its aforementioned appeal more than a year later, contesting that securities law was violated by Ripple’s direct offering of XRP on exchanges, and by personal sales of XRP by execs Brad Garlinghouse and Christian Larsen.

With this appeal now being dropped, the price of XRP could continue the upwards trend it began following the election of Donald Trump on November 5.

Since that date, XRP has risen by 300%, based largely on the expectation that a more pro-crypto administration would result in the end of the Ripple-SEC case.

Yet given the size of this gain, the end of the case may now already be priced in, with XRP up by only 0.2% in the past 24 hours despite today’s news, per data from CoinGecko.