Strategy has made another bold move in the crypto space by acquiring 430 BTC for approximately $51.4 million at an average price of $119,666 per coin. The purchase comes as the company celebrates a strong performance, achieving a Bitcoin yield of 25.1% year-to-date in 2025. This signals continued confidence in Bitcoin’s long-term value as a digital asset.

As of August 17, 2025, Strategy now holds a staggering 629,376 BTC, acquired for nearly $46.15 billion at an average cost of $73,320 per coin. The company remains one of the largest institutional holders of Bitcoin, solidifying its place as a pioneer in corporate crypto adoption.

The latest acquisition not only demonstrates faith in Bitcoin’s future growth but also reinforces the view that digital assets are becoming essential in global finance. Strategy’s consistent accumulation highlights the growing belief that Bitcoin is more than a speculative asset—it’s a store of value and hedge against traditional market volatility.

Thailand is gearing up to test a new initiative allowing foreign tourists to convert cryptocurrency into Thai baht for use across the country. The “TouristDigiPay” project, announced by the Securities and Exchange Commission (SEC), will operate as an 18-month regulatory sandbox starting in the fourth quarter of 2025. Developed with the Ministry of Finance, Anti-Money Laundering Office (AMLO), and Ministry of Tourism and Sports, the scheme aims to simplify spending for international visitors while boosting tourism.

Crypto will not be used directly for purchases; instead, merchants will receive payment in baht. Strict safeguards will be in place, including Know Your Customer checks, monthly spending limits, and a block on direct cash withdrawals. The SEC noted that the project builds on Thailand’s regulated digital asset and e-money systems, ensuring risk management for both travelers and businesses.

Officials view TouristDigiPay as a much-needed boost to Thailand’s tourism sector, which has struggled with a decline in visitors, particularly from China. Full details are expected Monday from Deputy Prime Minister and Finance Minister Pichai Chunhavajira.

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Japanese bitcoin treasury firm Metaplanet has purchased an additional 775 BTC worth roughly $93 million, reaffirming its strong bet on the world’s largest cryptocurrency. The company’s president, Simon Gerovich, confirmed the acquisition on X, noting that the purchase was made at an average price of $120,006 per bitcoin. This brings Metaplanet’s total holdings to 18,888 BTC, valued at nearly $1.94 billion.

The Tokyo-based firm, which began its bitcoin accumulation strategy in April 2024, now ranks seventh globally among major corporate holders, according to Bitcointreasuries data. Despite recent market volatility, Metaplanet reported strong second-quarter results, with revenue rising 41% quarter-on-quarter to 1.2 billion yen ($8.4 million) and net income swinging to a profit of 11.1 billion yen ($75.1 million).

Metaplanet shares, however, faced pressure, falling 8.6% on Friday before edging up slightly Monday. Gerovich reassured investors, highlighting recurring bitcoin income growth over three straight quarters. “This recurring income adds resilience and supports further accumulation,” he said, stressing the company’s long-term commitment to bitcoin.

Grayscale is moving ahead with plans to launch an exchange-traded fund (ETF) tied to Dogecoin, filing to rename its existing Grayscale Dogecoin Trust into the Grayscale Dogecoin Trust ETF. If approved by the U.S. Securities and Exchange Commission (SEC), the fund will trade under the ticker symbol “GDOG” on NYSE Arca. This marks another step in Grayscale’s ongoing push to expand crypto investment options for mainstream traders.

The filing comes as competition heats up among firms seeking SEC approval for crypto ETFs. Rivals Rex-Osprey and Bitwise have also submitted applications, while regulators are reviewing proposals tied to other tokens such as Solana (SOL) and XRP. The momentum reflects a more favorable regulatory climate under the Biden administration, following landmark approvals of spot Bitcoin and Ethereum ETFs earlier this year.

Grayscale has been central in shaping this landscape after a pivotal court ruling forced the SEC to greenlight its spot Bitcoin ETF. Today, BlackRock’s iShares Bitcoin Trust (IBIT) dominates with over $88 billion in assets, but Dogecoin’s potential ETF debut could open a new frontier for crypto investors.

Form

Strategy, Michael Saylor and MSTR have taken over Wall Street. To many people’s chagrin, the suitcoiners and corporates are here: Bitcoin held by corporations in the form of bitcoin treasury companies is hypnotic to look at. It has captured more or less everyone’s mind — mine, included.

It’s the latest fad on the world’s capital markets, celebrated by a narrow sway of financially savvy Bitcoiners and insiders, yet hated by tradfi people who can’t for the love of humanity understand why anybody, let alone a company, would want bitcoin at all. Every odd Bitcoin podcaster has joined one or more bitcoin treasury companies as investors or advisors… or, to put their role more…

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