$BTC "Bitcoin ($BTC) Surges Amid Institutional Investments and Strategic Reserves"
Bitcoin ($BTC) is showing strong momentum, currently trading around $97,200 after a notable 30% rebound from its April lows. This rally is largely fueled by major institutional activity. Binance has secured a $2 billion investment deal with Abu Dhabi’s MGX using the Trump-linked USD1 stablecoin, marking its first major institutional partnership. Meanwhile, Japan’s Metaplanet issued bonds to buy more BTC and plans to raise an additional $250 million through a U.S. branch. Adding to the bullish outlook, the U.S. has announced a Strategic Bitcoin Reserve initiative. Analysts now forecast $BTC could reach up to $177K by August 2025.
