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Marcus Collins
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Metaplanet’s Acquisition Sparks Bitcoin Price Rally and Institutional Interest
Metaplanet purchased 330 BTC for $28.2 million, raising their total holdings to 4,855 BTC valued at $414.5 million. This acquisition led to an 85% surge in Bitcoin trading volume and pushed the price to $87,000. Institutional interest in Bitcoin is increasing, confirmed by rising active wallet addresses. Technical indicators like MACD and RSI reflect bullish momentum in the market. Key support and resistance levels are being closely monitored following Bitcoin’s recovery above $87,000.
On April 21, 2025, Metaplanet acquired 330 BTC for $28.2 million, achieving an average purchase price of $85,605 per Bitcoin. Consequently, the firm’s total Bitcoin holdings have risen to 4,855 BTC, with a current estimated value of approximately $414.5 million. This strategic acquisition has significantly influenced the market, driving Bitcoin’s trading volume up by 85% to around $25 billion shortly after the announcement.
The recent surge in Bitcoin price peaked at $87,000, emphasizing increased market interest. Metaplanet’s acquisition aligns with its long-term Bitcoin strategy, having reported a 119.3% return on its investments year-to-date. As the market absorbs this latest move, analysts are now closely monitoring key resistance levels in the BTC price movement.
Metaplanet’s purchase underscores a growing trend of institutional interest in Bitcoin, placing the company among the largest public BTC holders globally. Following the announcement, Bitcoin trading surpassed $85,500, with a reported 3% increase within 24 hours. Other cryptocurrencies, including Ethereum and Litecoin, also experienced gains, showcasing a broader positive shift in market sentiment.
Data from Glassnode highlighted a 10% rise in active wallet addresses, reflecting increasing participation from both retail and institutional investors, which indicates growing market confidence. Technical indicators support this bullish trend, with the MACD showing upward momentum and the MACD histogram displaying positive expansion.
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