Bitcoin continues to show strong growth supported by significant purchases from large institutional players. In particular, companies Strategy and Metaplanet are rapidly increasing their investments in this cryptocurrency.
Strategy Increases Bitcoin Holdings
Strategy has announced plans to acquire additional Bitcoin, intending to raise $84 billion through equity and bond sales. This amount could allow the company to add approximately 860,000 BTC to its assets at current market prices. Reports indicate that Strategy currently holds 553,555 BTC acquired for $37.9 billion.
Metaplanet's Purchases and Their Impact
Tokyo-based company Metaplanet is also actively increasing its Bitcoin reserves by issuing ordinary bonds worth 3.6 billion JPY (about $23 million). Currently, Metaplanet holds over 5,000 BTC and is attracting institutional capital through new U.S. offices.
Technical Analysis and Market Outlook
Bitcoin's current price exceeds $96,500, indicating a potential breakout above key levels. Analysts note that a strong close above $97,500 could push the price towards the $98,800 and $100,000 levels. However, they caution about the high risk for long positions due to a large number of liquidations stacked below the $91,000 level.
Despite the risks associated with market liquidity, the ongoing growth in holdings by companies such as Strategy and Metaplanet supports optimism for further price increases in Bitcoin.
