Which firms increased BTC holdings?

TLDR

MicroStrategy and Metaplanet increased Bitcoin (BTC) holdings this week.

1. MicroStrategy added 1,229 BTC, lifting its total to 672,497 BTC per a filing and coverage in a news report.
2. Metaplanet resumed buying, adding 4,279 BTC in Q4 and reaching 35,102 BTC per a company update.
3. This came despite spot ETF net outflows of nearly $500 million last week, per a market recap.

Deep Dive

1. MicroStrategy Buy

MicroStrategy disclosed a purchase of 1,229 BTC for about $108.8 million at an average price of $88,568%%CKPROTECTED6%% per BTC, funded via at?the?market stock sales. Total holdings rose to 672,497 BTC with an average acquisition price of $74,997%%CKPROTECTED10%%, continuing its treasury strategy despite price volatility, per a regulatory filing and coverage in a news report.

2. Metaplanet Accumulation

Tokyo?listed Metaplanet restarted its BTC acquisition program, adding 4,279 BTC in Q4 and taking total holdings to 35,102 BTC, after a buying pause since late September. The firm outlined treasury and income strategies built around BTC in a late?December update covered by Cointelegraph.

3. Broader Institutional Context

Corporate treasuries stepped in even as spot ETFs saw net outflows of nearly $500 million last week, per an institutional flow summary. Mid?month analysis also noted Digital Asset Treasuries increased BTC purchases by 42,000 BTC month over month, the largest since July, per a VanEck?cited report.

Conclusion

MicroStrategy and Metaplanet were the standout corporate buyers of BTC this week. Their continued accumulation, alongside broader treasury additions, points to persistent institutional conviction even as ETF flows softened. For a research lens, watch corporate balance?sheet buys versus ETF flows to gauge net institutional demand.