Bitcoin News Today: "Corporate Treasuries Fuel Bitcoin's $115K Rebound as Global Adoption Accelerates"

Bitcoin's price rebounded above $115,000 in early October, fueled by renewed institutional demand and a broader market recovery following weeks of volatility. The surge coincided with MicroStrategy's latest aggressive Bitcoin acquisition, as the company added 390 BTC to its corporate treasury, bringing its total holdings to 640,808 coins. The purchase, which cost $43.4 million at an average price of $111,053 per Bitcoin, was funded through proceeds from the firm's At-The-Market (ATM) equity programs, including the sale of preferred shares under its STRF, STRK, and STRD offerings, according to a CryptoNews report.

MicroStrategy's continued accumulation strategy, now valued at $47.44 billion in total Bitcoin purchases, has cemented its position as the largest corporate holder of the digital asset. CEO Michael Saylor reiterated his conviction in Bitcoin as a "superior store of value," leveraging equity capital to avoid balance-sheet risk while deepening exposure to the asset. The company's average purchase price per Bitcoin now stands at $74,032, significantly below the current market rate, leaving it with a substantial unrealized profit, according to a CoinPedia report.

The Bitcoin rally gained further momentum as institutional investors returned to exchange-traded funds (ETFs), injecting over $600 million into Bitcoin and Ethereum products in the past week. Market analysts attributed the recovery to softer U.S. inflation data, which bolstered expectations of a Federal Reserve rate cut in December, and easing trade tensions between the U.S. and China. Treasury Secretary Scott Bessent announced a "substantial" trade framework with Beijing, potentially averting Trump's threatened 100% tariffs on Chinese imports, according to a TradingView report.

Meanwhile, South Korea's corporate sector joined the Bitcoin treasury trend. Publicly listed firm Bitplanet, rebranded from SGA Co., Ltd., began its Bitcoin accumulation program on October 26, purchasing 93 BTC as part of a long-term plan to build a 10,000 BTC treasury. The move, the first regulated Bitcoin purchase by a Korean listed company, aligns with the country's Digital Asset Basic Act, set to establish standardized crypto custody rules by 2027. Bitplanet's management emphasized compliance with the Financial Services Commission's guidelines, positioning the firm as a regional leader in institutional crypto adoption, according to a crypto.news report.

The broader market context saw Bitcoin climb 3.7% in a week to $115,200, recovering from a $19 billion liquidation event in early October. Institutional demand, driven by corporate treasuries and family offices, has offset recent volatility, with Asian firms like Japan's Metaplanet and Hong Kong's Moon Inc. also expanding their Bitcoin holdings. Sora Ventures, a key investor in Bitplanet, launched a $200 million Bitcoin treasury fund in September, signaling growing confidence in the asset's long-term value, as reported by Yahoo Finance.