Recently, the price of Bitcoin dropped below the $100,000 mark, which developed a sense of fear within the market. Experts believe that this drop in the price of Bitcoin (BTC) is mainly because of the FOMC meeting that will be held today and tomorrow. FOMC meetings are scary for the market because there is always the risk of a potential rate hike that can be imposed after the meeting. While there has been a significant amount of liquidations in the market, institutional buying from companies like BlackRock, Metaplanet, and MicroStrategy has surged.
BlackRock Adds BTC Worth $63.9M To Its Holdings
It was recently observed that Bitcoin ETFs are experiencing heavy outflows, but BlackRock took a significant step and added Bitcoin worth $63.9 million to its holdings. This move indicates and highlights the importance of strategic consistency and also confidence in the token, even though the market is currently in a very volatile state. A recent market update reinforces this view, showing how cautious trading and institutional are helping steady the crypto space.
Metaplanet Announces Largest Capital Raise in Asia
BlackRock is not the only one who is taking advantage of the of the dip in Bitcoin prices. Metaplanet recently announced the issuance of 21 million shares of 0% Discount Moving Strike Warrants, where the asset can be bought at a discounted price with an adjustable strike price. This move is believed to raise approximately 116 billion yen (which is approximately about 745 million U.S. dollars) for buying more BTC in the coming future. This is supposedly the largest raise of capital in the Asian equity market for BTC acquisition. This news again indicates the institution’s faith in the token.
MicroStrategy Files For Expansion
MicroStrategy is one of those institutions that buys BTC left and right, and the company’s acquisitions affect the price of the BTC token. MicroStrategy filed for Form S-3 on January 27, 2025, with the United States Securities and Exchange Commission (SEC), which will allow the company to buy more Bitcoins through various securities offerings. Additionally, MicroStrategy also acquired 10,107 BTC for approximately $1.1 billion yesterday. This indicates the company’s commitment to honoring its strategic plan and their commitment to increasing its BTC holdings as much as possible.
This influx of institutional investments has had a stabilizing effect on Bitcoin’s price. When big names like BlackRock, MicroStrategy and Metaplanet make a move or announce their next move, specially when the price of the token is dipping, it leads to an increased confidence amongst the investors. The news of such developments from such big companies causes a significant uptick in the price of the token.
At press time, the price of the token stands at $102,593 with an uptick of 3.8% in the last 24 hours.
Analysts believe that this increased institutional interest and activity could serve as the most important factor for a potential breakout in the near term.
Also Read: Donald Trump: The Rise of Deepseek Is a Wake-up Call for US Firms
