Institutions like BlackRock and Metaplanet are actively accumulating Bitcoin, with BlackRock surpassing 700,000 BTC milestone and currently holding $76.35 billion in assets under management.
Metaplanet, another institution, has acquired 2,205 BTC for $238.7 million, achieving a BTC yield of 416.6% YTD. Companies like MARA Holdings and ProCap BTC are also expanding their Bitcoin treasuries.
The Bitcoin price is still below its all-time high (ATH) due to factors such as Trump tariffs affecting the market sentiment and selling pressure from old whales, despite institutional buying pressure.
Macro factors like Trump's tariffs and selling pressure from old whales are contributing to the Bitcoin price remaining below its ATH. At the time of writing, Bitcoin is trading at around $108,600.