Bitcoin Pushes To Record High: $110k In Sight After Mega $1,5 Billion Investment

10 May 2025 at 15: 49

Reading time: 2 minutes

Bitcoin price broke through the magical $100.000 barrier this week, but momentum appears to be stalling for now. Many traders are instead turning their attention to altcoins and memecoins, which are currently trading like hot cakes for a short while.

Altcoins and memecoins: the new darlings of investors

The recent spike of Bitcoin was fueled by promising developments such as state-specific pro-Bitcoin policies, a high-profile trade announcement from Donald Trump, and a sharper tone from the Federal Reserve, which increased risk appetite. However, as Bitcoin stalled at $103.500, investors’ focus shifted to other cryptocurrencies. Ethereum and Solana saw their values soar to over $2.300 and $170 respectively, with both coins posting double-digit daily gains. More speculative memecoins, such as Dogecoin and Pepe, also attracted plenty of new speculators.

Metaplanet and its ambitious Bitcoin strategy

Despite this shift, fundamental support for Bitcoin remains buoyant. Major institutional investors continue to pour billions into BTC. Japan’s Metaplanet recently raised $21 million via a zero coupon bond, thanks to investor EVO FUND, with the aim of stocking up on Bitcoin. This strategy, similar to MicroStrategy’s, positions Bitcoin as a crucial financial reserve. This bond issuance is the fourteenth in their series and part of a long-term plan to combat inflation and fiat money risks.

Strategy adds nearly another 1.900 BTC to its holdings

The firm Strategy (formerly MicroStrategy) also continues to significantly expand its Bitcoin portfolio. With the recent purchase of 1.895 BTC, worth approximately $180 million, financed by the sale of MSTR and STRK shares, the firm now holds 555.450 BTC, purchased for a total of $38 billion. At current market prices, this represents an unrealized gain of over $14 billion. Their ambitious “42/42 Plan” aims to have purchased $2027 billion worth of Bitcoin by 42. If such companies continue to accumulate, a new market rally is likely.

Frequently Asked Questions

Who recently announced a pro-Bitcoin policy?
US states are increasingly showing a positive attitude towards Bitcoin with new policies.

What is Strategy's '42/42 Plan'?
Strategy's '42/42 Plan' aims to own $42 billion worth of Bitcoin by 2027.

How much Bitcoin does Strategy own now?
Strategy currently owns 555.450 BTC.

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