Bitcoin News Today: Metaplanet Buys 518 BTC for $61.4M Drives Bitcoin Bullish Outlook to $150K

Metaplanet Inc. has significantly increased its Bitcoin holdings by purchasing 518 BTC at a cost of approximately $61.4 million, bringing its total Bitcoin reserves to 18,113 BTC valued at around $1.85 billion [1]. This strategic acquisition has been widely interpreted as a strong bullish signal for Bitcoin, with analysts citing it as potential catalyst for the cryptocurrency to reach a price target of $150,000 by August 2025 [3]. As of August 12, 2025, Bitcoin is trading between $118,000 and $119,000, having temporarily hit $122,000 earlier in the week before experiencing a slight 2% pullback [1].

The move by Metaplanet is part of a broader trend of institutional adoption in the cryptocurrency market. Harvard University’s endowment has also disclosed a $116 million Bitcoin ETF position, while corporate Bitcoin holdings have now reached $113 billion. BlackRock’s IBIT ETF, launched in January 2024, has grown to $86 billion in assets, further highlighting the increasing confidence among institutional players [1].

The recent large-scale purchase by Metaplanet is seen as one of the largest single transactions by a publicly traded firm in the digital asset space, reinforcing the growing institutional interest in Bitcoin [2]. Analysts have noted that such accumulation by major firms could drive demand and support higher prices [3]. The broader crypto market is also showing signs of strength, with the total market cap nearing $4 trillion, creating a more bullish environment for Bitcoin and other major cryptocurrencies [4].

While Bitcoin has shown some short-term volatility, the overall market remains optimistic about its long-term trajectory. The continued institutional interest, combined with supportive U.S. policies, has led to forecasts suggesting Bitcoin could potentially reach $199,000 by year-end under strong market conditions [1]. The strategic accumulation of Bitcoin by major players like Metaplanet indicates a belief in its role as a store of value and a hedge against macroeconomic uncertainty, further supporting its potential for continued appreciation.

Source:

[1] Bitcoin Price Forecast August 2025: Metaplanet Buys 518 BTC—Bullish Signal for $150K Target (https://coinmarketcap.com/community/articles/689c2afc6529dc757c160eef/)

[2] Metaplanet, Smarter Web add nearly $100M in Bitcoin to ... (https://www.coinglass.com/ru/news/531950)

[3] FX Leaders (https://www.facebook.com/FxMarketLeaders/)

[4] Leap Digital Investments (https://leapdigitalinvestments.com.au/)