2477: $286 Million Bitcoin BUYING FRENZY - Public Companies Are Loading Up

Strategy, MetaPlanet and Strive bought a combined 3,334 BTC: 334, 1,000 and 2,000 BTC, respectively. Strive paid $169 million for its 2,000 BTC at an average price of $84,400 per coin, lifting its total holdings to 29,462 BTC. The purchases underscore the scale of corporate accumulation as Bitcoin approached $90,000.

As of October 4, Strategy held 848,000 BTC, acquired for roughly $64 billion at an average price just above $75,000, and had $5.7 billion in USD assets. The company estimated a $20.9 billion gain on its Bitcoin holdings in Q3 and retained $18.8 billion of capacity under its MSTR at-the-market program. Michael Saylor said Strategy also repurchased $176 million of STRC last week; the host expected its USD assets eventually to support further Bitcoin buying.

MetaPlanet reported a net increase of 1,000 BTC, worth $86 million, in Q3 and held 44,000 BTC as of September 30, 2026. The host called it the world’s second-largest corporate Bitcoin holder. Taken together, Strategy, MetaPlanet and Strive’s purchases reflect a broader corporate bid that the speakers said was underway before Bitcoin reclaimed its previous all-time high.

Bitcoin’s weekly close was its highest in more than eight months, and its price had risen nearly 50% over three months. Jay V said corporate buying could persist near $100,000 and into price discovery. He cited historical average gains of more than 40% in November and 18% in October, while noting that a further 40% rise would put Bitcoin above $100,000. Those historical averages were presented as context, not a guarantee of future returns.

Jay V said the SEC approved six 3X-leverage ETFs, including Bitcoin and Ether products tied to CME futures rather than spot holdings, and described the approvals as the first of their kind in the United States. The CFTC also proposed rules for U.S. crypto markets, with chairman Michael Selig calling the action “just the beginning.” The proposed Clarity Act received 49 Senate votes, short of the 60 needed. Jay V argued Bitcoin does not need the legislation and that its restrictions could conflict with holders’ interests. Coinbase urged Congress to remove taxes on Bitcoin payments; Jay V said payments of $10 or less would be untaxed under a recently discussed de minimis rule.

Willy Woo wrote that 5% of the world’s population owns Bitcoin, while 8% of nations have a policy to acquire or hold it. The host cited Brazil, the Czech Republic, Luxembourg, Saudi Arabia and Taiwan as five countries that newly added Bitcoin ownership in 2025, and estimated that governments worldwide held roughly 600,000 BTC. He also said Trump signed a 2025 executive order establishing a U.S. Strategic Bitcoin Reserve, and described a proposal to acquire 1 million BTC over five years through net-neutral strategies and hold the stockpile for 20 years. The host argued that U.S. government buying could spur competition among nations, adding another potential source of demand as companies, institutions, sovereign wealth funds and governments seek a finite supply.