Strategy purchases 3,015 Bitcoin as Ethereum-based protocol nears 1B tokens sold
Strategy purchased 3,015 Bitcoin last week for approximately $204.1 million, increasing its total holdings to 720,737 BTC acquired for about $54.77 billion. The average purchase price across all holdings now stands at roughly $75,985 per coin, reinforcing the company’s position as the largest publicly traded corporate holder of Bitcoin. At the same time, Ethereum-based lending protocol Mutuum Finance is approaching a major milestone.
Strategy acquires $204M in Bitcoin
Strategy purchased 3,015 Bitcoin last week for approximately $204.1 million, according to a recent filing. The acquisition was made at an average price of about $67,700 per coin. Following the transaction, the company’s total holdings increased to 720,737 BTC, acquired for roughly $54.77 billion at an average purchase price of approximately $75,985 per Bitcoin.
The purchases were funded through capital raising activities, including about $229.9 million generated from common stock sales and an additional $7.1 million in net proceeds from its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Strategy remains the largest publicly traded corporate holder of Bitcoin.
At current market prices near $66,000, the company’s total Bitcoin holdings are valued at more than $47 billion. Shares of Strategy (MSTR) were reported flat in early trading following the announcement.
Mutuum Finance sells over 850 million tokens
The native token of the Mutuum Finance project is the MUTM token, priced at $0.04. The total supply of MUTM tokens is capped at 4 billion, with 45.5%, or 1.82 billion tokens, allocated for the sale phase. Already over 850,000,000 tokens have been allocated during the sale phase, representing nearly half of the designated supply and generating more than $20,720,000 in total funding.
The beta app is live on the Sepolia testnet, allowing users to test the core features of the lending and borrowing protocol. Shortly after the announcement of the V1 launch, approximately $800,000 was added to the total funding, according to on-chain data.
How Mutuum Finance works
Mutuum Finance allows users to earn passive income through lending and access liquidity through borrowing. Users can select supported assets such as ETH, USDT, or WBTC and supply them to the protocol. For example, by depositing USDT, a user receives mtUSDT (mtTokens) as proof of deposit.
mtTokens represent the user’s position in the liquidity pool and accumulate interest over time. When redeemed, the holder exchanges mtTokens for the underlying asset, including accrued interest, and the redeemed mtTokens are burned to maintain correct supply. As ERC-20 tokens, mtTokens can be transferred to compatible addresses and, if secondary markets develop, may also be traded. Regardless of where they are held, they continue to accrue interest as the protocol updates their redeemable value in real time.
mtTokens can also be staked within the platform. Users who stake their mtTokens become eligible to receive dividends in MUTM tokens. A portion of the fees generated by protocol activity is used to purchase MUTM tokens from the open market and distribute them to stakers, linking platform usage with token demand through a buy-and-distribute mechanism.
Why should an investor borrow if they need to deposit collateral?
Borrowing operates under an overcollateralized model. Users must deposit collateral in order to borrow. Borrowing with collateral allows users to unlock liquidity without selling the assets they already hold, potentially avoiding capital gains taxes or missing out on future price appreciation. For example, a user who believes ETH may increase in value can deposit ETH as collateral and borrow stablecoins to cover expenses or pursue other opportunities, while maintaining exposure to ETH’s price movements. Borrowing can also be used for hedging strategies, leveraged positions, or accessing capital without relinquishing ownership of core assets.
Mutuum Finance allows borrowers to repay their loan at any time, with no fixed maturity date. The position remains open as long as the collateral sufficiently covers the borrowed amount. To close a position, the user repays the outstanding debt and accrued interest, after which the collateral can be withdrawn in full.
Mutuum plans to reduce transaction costs on Layer 2 (L2) networks by optimizing calldata, which is a major component of fees. Instead of sending multiple full-size parameters, the protocol aims to compress required data into a single byte-encoded string, lowering on-chain storage and transaction expenses.
Strategy continues increasing its Bitcoin holdings through capital raises, maintaining its position as the largest publicly traded corporate holder of BTC. At the same time, Mutuum Finance advances its token sale and testnet development with growing participation.
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