Bitcoin News Today: Metaplanet Boosts Bitcoin Holdings to $2.18B Amid BTC Testing $115K Support

Metaplanet, a Japanese Bitcoin treasury firm, has significantly increased its Bitcoin holdings by acquiring an additional 775 BTC at an average price of $120,006 per coin, totaling approximately $93 million [1][3]. This brings its total Bitcoin reserves to 18,888 BTC, valued at around $2.18 billion, placing the firm among the top seven corporate Bitcoin holders globally [1][3]. The purchase was announced by company president Simon Gerovich, who expressed continued confidence in the asset’s long-term potential [1].

The acquisition was made as Bitcoin tested key support levels near $115,000, with the asset slipping 2.1% in the past 24 hours to trade near $115,305 [1]. Analysts from Cryptopolitan suggest BTC may consolidate near $105,000 before attempting to reclaim higher levels, or face a correction toward $101,000 if selling pressure persists [1]. Looking ahead, forecasts for 2025 project potential highs near $160,000 and lows around $68,000, driven by factors such as ETF inflows, U.S. interest rate cuts, and growing institutional adoption [1].

Metaplanet’s accumulation strategy is supported by its strong financial performance. The firm recently reported Q2 earnings showing a 41% quarter-over-quarter revenue increase to 1.2 billion yen ($8.4 million), along with a net income of 11.1 billion yen ($75.1 million) after posting a loss in the previous quarter [1]. In addition to its Bitcoin purchases, the company has introduced a yield strategy called “Metaplanet Prefs,” which involves issuing preferred equity with a 6% yield, backed by Bitcoin. This mirrors similar tactics employed by U.S.-based firms such as MicroStrategy [1].

Despite these strategic moves, Metaplanet’s stock has faced volatility, dropping 8.6% last Friday to 866 yen before recovering slightly on Monday with a 0.6% gain [1]. Gerovich acknowledged investor concerns over the pullback but emphasized that recurring Bitcoin income has expanded for three consecutive quarters, reinforcing the company’s financial resilience and capacity for further accumulation [1].

The broader market environment remains bullish. Bitcoin has maintained a 1,000-day bull run, rising over 650% from its November 2022 low of $15,749 [5]. Analyst Van has highlighted key support levels at $116,800 and $114,700, identifying $115,000 as a critical psychological threshold for the next phase of price action. Technical indicators suggest Bitcoin may retest the $119,500 zone, depending on liquidity and volume [1].

Bitcoin’s growing influence is also reflected in its expanding share of the global money supply. With a market cap of $2.4 trillion, it now accounts for 1.7% of global liquidity, signaling a shift in perception from speculative trading to a recognized store of value alongside assets like gold [5]. Analysts draw comparisons to gold’s breakout in 2009, suggesting a confirmation of current technical patterns could push Bitcoin beyond $135,000 [5].

As the market navigates key price levels and evolving investor sentiment, Metaplanet’s strategy reflects broader institutional confidence in Bitcoin’s long-term role in asset management. The company’s continued accumulation positions it as a key player in the digital asset space, reinforcing the growing trend of institutional participation in the cryptocurrency market [1][2][3].

Sources:

[1] Metaplanet Expands Bitcoin Treasury While BTC Tests $115K Support – [https://coindoo.com/metaplanet-expands-bitcoin-treasury-while-btc-tests-115k-support/](https://coindoo.com/metaplanet-expands-bitcoin-treasury-while-btc-tests-115k-support/)

[2] Metaplanet Lifts Total Bitcoin Holdings to $2.18B After – [https://cryptonews.com/news/metaplanet-lifts-total-bitcoin-holdings-18888-btc/](https://cryptonews.com/news/metaplanet-lifts-total-bitcoin-holdings-18888-btc/)

[3] Bitcoin Falls Below $115K as Profit-Taking Surges – [https://m.economictimes.com/crypto-news-today-live-18-aug-2025/liveblog/123350562.cms](https://m.economictimes.com/crypto-news-today-live-18-aug-2025/liveblog/123350562.cms)

[5] Bitcoin Marks 1000-Day Bull Run as ETH Outpaces in – [https://coincu.com/bitcoin/bitcoin-marks-1000-day-bull-run-as-eth/](https://coincu.com/bitcoin/bitcoin-marks-1000-day-bull-run-as-eth/)