Bitcoin’s price has surged past $87,000 due to aggressive buying from institutional players such as Japan-based Metaplanet and US firm Strategy. These companies recently disclosed major Bitcoin acquisitions totaling nearly 7,000 BTC, signaling their confidence in Bitcoin as a hedge against inflation.
Metaplanet, a Tokyo-listed investment firm, added 330 BTC to its balance sheet on April 21, bringing its total holdings to 4,855 BTC valued at approximately $414 million. CEO Simon Gerovich reported a Q2 BTC yield of 12.1% and emphasized the importance of maximizing Bitcoin per share (BPS). He highlighted Bitcoin’s resistance to fiat currency dilution as a key factor driving their aggressive acquisitions.
Meanwhile, Strategy (formerly MicroStrategy) acquired 6,556 BTC for $555.8 million, increasing their total holdings to 538,200 BTC. This purchase was funded through the sale of shares, generating over $550 million. Chairman Michael Saylor revealed that more than 13,000 institutions and over 800,000 retail investors hold shares of Strategy, indirectly exposing approximately 55 million people to the company’s Bitcoin position.
As of April 21, 2025, Bitcoin is ranked #1 by market cap with a price increase of 4.26% over the past 24 hours. The cryptocurrency has a market capitalization of $1.75 trillion and a 24-hour trading volume of $33.43 billion. The total crypto market is valued at $2.77 trillion with a dominance of 63.32% held by Bitcoin.
Overall, the recent surge in Bitcoin’s price past $87,000 can be attributed to the aggressive buying from institutional players like Metaplanet and Strategy. These companies continue to demonstrate their confidence in Bitcoin as a hedge against inflation and monetary instability. As Bitcoin maintains its position as the top cryptocurrency by market cap, its value and adoption are expected to continue to grow in the future.
