Institutions Buy Bitcoin In Record Numbers, But Why Is Price Still Below $111,900 ATH?

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Well, isn’t this the irony of our time? Institutions like BlackRock and Metaplanet are gobbling up Bitcoin faster than you can say “blockchain,” yet somehow, the price refuses to break its all-time high of $111,900. I mean, what’s a crypto king gotta do to get some respect around here? Maybe some old whales with too many coins are still messing things up? 🤷‍♂️

BlackRock And Metaplanet Hit New Milestones With Bitcoin Accumulation

According to the ever-watchful SosoValue, BlackRock has officially crossed the 700,000 BTC threshold—no big deal, right? That’s a whopping $76.35 billion in assets under management. A solid 3.5% of Bitcoin’s total supply. I mean, if we’re talking percentages, BlackRock’s Bitcoin ETF is now lapping Michael Saylor’s Strategy, and only Satoshi’s mythical stash is ahead. BlackRock’s out here flexing. 💪

And get this—BlackRock has done all of this in less than two years since launching its Bitcoin ETF. They’ve been scooping up around 40,000 BTC a month, or roughly 1,300 BTC a day. At this pace, they’ll hit 1.2 million BTC by May 2026. Satoshi better watch out, there’s a new contender in town. 🏁

Bitcoin Chart

And while BlackRock’s playing the long game, Metaplanet isn’t sitting on the sidelines either. CEO Simon Gerovich has proudly announced that they’ve added 2,205 BTC for a cool $238.7 million—pushing their total BTC holdings to 15,555 BTC. That’s a lot of zeroes, folks. At this rate, Metaplanet’s clocking in with a 416.6% return year-to-date. Not too shabby, right? 🤑

Metaplanet’s now the fifth-largest Bitcoin holder, behind only Strategy, MARA, Twenty One Capital, and Riot platforms. It’s like a Bitcoin treasure hunt out there. Other players like MARA Holdings and Semler Scientific are getting in on the action too. Seems like the demand for Bitcoin is only growing, despite the market’s temper tantrums. 🚀

Why The BTC Price Is Still Below ATH

Ah, but there’s always a catch, right? The Bitcoin price is still stuck in the mud, and that’s mainly because of a few pesky macro factors. Take, for instance, President Trump and his tariff circus. The man recently sent out trade letters to 14 countries—including Japan and South Korea—imposing tariffs that are set to kick in on August 1. Way to stir the pot, Mr. President. 🥄

Naturally, Bitcoin’s price took a dip from its weekly high above $109,000. In fact, it’s back to flirting with new weekly lows, thanks to these tariffs. Add in some selling pressure from old whales who seem to be dumping their Bitcoin like it’s yesterday’s news, and it’s no wonder Bitcoin is acting like a rollercoaster with a broken track. 🎢

Bloomberg even reported that early Bitcoin whales have unloaded more than 500,000 BTC in the past year. It’s like the market is in a tug-of-war, with institutions buying and whales selling. One particularly hefty whale moved 80,000 BTC recently, so who knows what’s going on behind the scenes. One thing’s for sure—it’s not a dull ride. 😬

As of now, the Bitcoin price is hanging around $108,600, with a little upward movement over the past 24 hours. Make of that what you will. 🚨

Bitcoin Price Snapshot

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2025-07-10 02:18