Bitcoin News Today: Institutional Buyers Push Bitcoin Above $118,000 Amid Strategic Accumulation

Bitcoin maintained its position above $118,000 as Metaplanet and The Smarter Web Company announced additional Bitcoin purchases, underscoring the growing institutional confidence in the cryptocurrency. Metaplanet, now the sixth-largest corporate Bitcoin holder, acquired 518 BTC at an average price of $118,519 per coin, amounting to a total investment of approximately $61.4 million. This brings the Tokyo-based firm’s total Bitcoin holdings to 18,113 BTC, with an average purchase price of $101,911 per Bitcoin [1].

The company also reported a third-quarter BTC Yield of 26.5%, a key performance indicator measuring Bitcoin holdings relative to fully diluted shares outstanding. This figure follows impressive yields in previous quarters, including 41.7% in Q3 2024 and 309.8% in Q4 2024 [1]. The continued performance highlights the strategic approach Metaplanet has taken in its Bitcoin accumulation strategy, which has expanded systematically since July 2024. The firm funds these purchases through capital market activities, including the exercise of stock acquisition rights and bond issuances [1].

Simultaneously, The Smarter Web Company announced the purchase of 295 BTC at an average price of $119,412, totaling $35.2 million [1]. This move aligns with a broader trend of publicly traded firms adding Bitcoin to their balance sheets. The Smarter Web Company had previously added $35 million worth of Bitcoin in early June, signaling a consistent strategy of long-term accumulation [2].

The surge in corporate Bitcoin adoption has seen the number of public companies holding Bitcoin rise to over 200 in recent months, demonstrating the cryptocurrency's growing acceptance as a treasury asset [1]. Institutional investors are increasingly deploying sophisticated treasury management strategies and innovative financing structures to acquire Bitcoin, reflecting a maturing market.

The continued buying from institutional actors supports Bitcoin’s price stability above $118,000, despite broader market volatility. On-chain data suggests a potential “4th wave bottom” in Bitcoin’s price trajectory, with technical indicators pointing to a possible move toward $124,800 [3]. As Bitcoin trades near $118,900, the market appears to be consolidating, with short-term holders accumulating at this level [3]. Positive realized profit and loss (P&L) ratios further suggest a potentially sustainable rally ahead [1].

These developments are indicative of a broader narrative where digital assets are increasingly viewed as strategic reserve assets. The accumulation by Metaplanet and The Smarter Web Company reflects the maturing landscape of Bitcoin as an institutional investment. As these firms continue to build their Bitcoin positions, it remains to be seen whether this trend will catalyze broader market adoption or solidify Bitcoin’s role as a high-conviction asset within institutional portfolios.

Source: [1] Bitcoin Price Stays Above $118,000 As Metaplanet, Smarter Web Company Buys Additional Bitcoin (https://bitcoinmagazine.com/markets/bitcoin-price-stays-above-118000-as-metaplanet-smarter-web-company-buys-additional-bitcoin)

[2] The Smarter Web Company Acquires 295 Bitcoin, Boosting ... (https://cryptoadventure.com/the-smarter-web-company-acquires-295-bitcoin-boosting-total-holdings-to-2395-btc)

[3] Bitcoin Tests $118K Support as Short-Term Holders ... (https://www.cryptotimes.io/2025/08/12/bitcoin-tests-118k-support-as-short-term-holders-accumulate/)