$BTC Bitcoin (BTC) is showing strong upward momentum as bullish patterns and large institutional purchases point toward a potential breakout.

According to a market analyst, Bitcoin is positioned to climb above the $108,000 mark.

This forecast follows a major price surge and accumulation trend led by firms like Strategy (formerly MicroStrategy) and Tokyo-based Metaplanet, both of which are increasing their Bitcoin holdings at a rapid pace.

Strategy Increases Bitcoin Holdings With $84 Billion Capital Plan

Strategy has announced a major move to acquire more Bitcoin. The company plans to raise $84 billion through $42 billion in equity and $42 billion in fixed income.

This capital is intended entirely for purchasing Bitcoin. If completed, the acquisition could add around 860,000 BTC to the firm’s holdings at current market prices.

Michael Saylor, the Chairman of Strategy, shared on social media that the company has already reported a 13.7% Bitcoin yield and a $5.8 billion gain year-to-date.

He added that the company is targeting a 25% Bitcoin yield and a $15 billion gain by 2025. “$MSTR announces BTC Yield of 13.7%… and increases BTC Yield target from 15% to 25%,” Saylor stated on X.