Institutional Investors Ramp Up Bitcoin Accumulation

Institutional demand for Bitcoin is accelerating at a record pace, fueled by growing interest from corporate treasuries and a sustained buying streak from Bitcoin exchange-traded funds (ETFs). This surge comes as both established and emerging players continue to strengthen their BTC holdings, signaling long-term confidence in the cryptocurrency’s value.

Corporations Announce Fresh Bitcoin Purchases

Data from Bitcoin for Corporations shows that multiple treasury companies increased their BTC reserves between last week and this week. Strategy, the largest corporate holder of Bitcoin, added 155 BTC to its treasury at an average purchase price of $116,401 per coin, bringing its total holdings to 628,946 BTC.

Metaplanet, often compared to Strategy for its aggressive Bitcoin acquisition strategy, also expanded its reserves. The Japanese firm acquired 518 BTC for $61.4 million at an average price of $118,519 per coin. This purchase lifts its total to 18,113 BTC, valued at $1.85 billion, with an average acquisition price of $101,911.

Smaller firms joined the buying spree as well. Canadian company Matador purchased 5 BTC at an average price of $116,619, raising its holdings to 77.4 BTC with a target of 1,000 BTC by next year. The Smarter Web Company added 295 BTC at an average price of $119,412, bringing its total reserves to 2,395 BTC. Bitcoin payments company FOLD disclosed holdings of 1,492 BTC in its Q2 report and announced a $250 million equity purchase facility to support future acquisitions.

Both Strategy and Metaplanet are raising significant capital for further purchases. Earlier this month, Strategy filed a $4.2 billion STRC offering, while Metaplanet announced a $5.4 billion raise aimed at acquiring 1% of the total Bitcoin supply.

ETFs Extend Net Inflow Streak

The momentum is also evident in the ETF market. Data from SoSo Value shows that Bitcoin ETFs are on a five-day streak of net inflows, totaling over $1 billion in purchases during the period. The largest single-day inflow occurred on August 8, when ETFs absorbed $403.88 million worth of BTC.

Currently, Bitcoin ETFs collectively hold $155.02 billion in net assets, representing 6.48% of the cryptocurrency’s total market capitalization. Since launching last year, these funds have attracted $54.67 billion in net inflows. Analysts note that this consistent accumulation has been a key driver of Bitcoin’s recent price strength and could continue to push the market toward new highs.

Bitcoin Price Outlook

At the time of writing, Bitcoin is trading near $119,300, up over the last 24 hours according to CoinMarketCap data. With institutional capital flowing steadily into both corporate treasuries and ETFs, market observers expect sustained buying pressure to remain a powerful force in Bitcoin’s price trajectory.