Bitcoin Can Break $108k Mark As Strategy, Metaplanet Expand Holdings

10h ago•

bullish:

bearish:

Bitcoin (BTC) is showing strong upward momentum as bullish patterns and large institutional purchases point toward a potential breakout.

According to a market analyst, Bitcoin is positioned to climb above the $108,000 mark.

This forecast follows a major price surge and accumulation trend led by firms like Strategy (formerly MicroStrategy) and Tokyo-based Metaplanet, both of which are increasing their Bitcoin holdings at a rapid pace.

Strategy Increases Bitcoin Holdings With $84 Billion Capital Plan

Strategy has announced a major move to acquire more Bitcoin. The company plans to raise $84 billion through $42 billion in equity and $42 billion in fixed income.

This capital is intended entirely for purchasing Bitcoin. If completed, the acquisition could add around 860,000 BTC to the firm’s holdings at current market prices.

Michael Saylor, the Chairman of Strategy, shared on social media that the company has already reported a 13.7% Bitcoin yield and a $5.8 billion gain year-to-date.

He added that the company is targeting a 25% Bitcoin yield and a $15 billion gain by 2025. “$MSTR announces BTC Yield of 13.7%… and increases BTC Yield target from 15% to 25%,” Saylor stated on X.

As of now, Strategy holds 553,555 BTC acquired for $37.9 billion. The company recently bought 15,355 BTC for $1.42 billion at an average price of $92,737. With these purchases, Strategy holds more than 2% of the total circulating Bitcoin supply.

Metaplanet Continues BTC Accumulation With Bond Issuance

Metaplanet, a Tokyo-based firm, is also accelerating its Bitcoin purchases. The company is buying more Bitcoin by issuing 3.6 billion JPY (about $23 million) in ordinary bonds. The company is dedicated to hitting 10,000 BTC by the end of 2025, on which this is its 12th bond issuance.

In late April, Metaplanet acquired 145 BTC, bringing its total to over 5,000 BTC. At current prices, the recent bond raise can fund the purchase of around 250 BTC. Metaplanet has also launched a new U.S. entity with $250 million in capital and the potential to acquire 2,777 BTC.

*Metaplanet Issues 3.6 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/e3UIEP7csr
— Metaplanet Inc. (@Metaplanet_JP) May 2, 2025

According to the report, during the first quarter of 2025, the company has made $200 million in paper profits from the purchases of Bitcoin.

Metaplanet said the new U.S. office and other recent additions to its strategic advisory board, which now includes David Bailey and Eric Trump, is intended to draw in more institutional capital.

Technical Patterns Show Uptrend Continues Above Key Levels

Bitcoin price trades above $96,500 as it has broken through $95,700 resistance. Analyst believe the bullish structure is intact, with Bitcoin remaining above the key support level of $96,100. As a result, this level produces a clean break out and a bullish retest at $97, 100–$97,600.

The price is currently testing resistance at $97,500. A strong close above this level could push BTC to the $98,800 zone. Market analysts say that this setup resembles a breakout-retest-bounce formation, which signals continued upward momentum.

A trend line with support at $96,350 is forming on the hourly chart. If BTC maintains this level, buying interest is expected to remain strong, potentially propelling the price toward the $100,000 range.

Bitcoin Liquidity Imbalance and Market Outlook

However, Analysts, warn that these long liquidations are stacked below the $91,000 level, despite bullish momentum. From Kingfisher we can deduce a huge discrepancy between long and short positions.

Data from Kingfisher suggests a large imbalance between long and short positions. Short positions above $96,600 are minimal, while long positions create a potential downside risk if prices reverse.

Still, market sentiment remains focused on the upside. Bitcoin’s current trading level is being closely monitored for a close above $97,500.

If that happens, the next target zones are $98,800 and $100,000. Traders and institutions are watching these levels as Bitcoin price aims for new highs.

The strong corporate interest from Strategy and Metaplanet continues to support the case for a price breakout beyond $108,000 in the coming weeks.

The post Bitcoin Can Break $108k Mark As Strategy, Metaplanet Expand Holdings appeared first on The Coin Republic.

10h ago•

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