$BTC $ETH $XRP #CryptoNewss Bitcoin price holds above $118,000 as Metaplanet and Smarter Web Company buy more BTC

Bitcoin’s price remained stable above the $118,000 mark after two major companies — Metaplanet and Smarter Web Company — significantly increased their Bitcoin holdings. This move reflects the growing institutional acceptance of Bitcoin.

Tokyo-based investment firm Metaplanet purchased 518 BTC at an average price of around $118,519 per coin, totaling approximately $61.4 million. With this latest acquisition, Metaplanet now holds 18,113 BTC at an average purchase price of about $101,911 per coin.

The company’s financial performance has also been impressive, with a Bitcoin yield rate of 26.5% in the current quarter — a notable figure consistent with recent quarters.

Meanwhile, Smarter Web Company announced the purchase of 295 BTC at an average price of $119,412 per coin, with the total investment amounting to roughly $35.2 million.

This trend highlights that publicly traded companies are increasingly investing in Bitcoin. The announcements come amid a global surge in corporations adding Bitcoin to their financial reserves.

In recent months, the number of publicly listed entities holding Bitcoin has surpassed 200, marking an important step toward establishing Bitcoin as a recognized financial asset.

Metaplanet has followed a systematic approach to Bitcoin acquisition since July 2024, expanding its holdings from around 200 coins to 18,113 coins. Its funding sources include stock rights issues and bond sales. Such investments not only diversify corporate financial structures but also contribute to market stability for Bitcoin.

Institutional buying has played a major role in maintaining Bitcoin’s price above $118,000, even amid global financial uncertainty. Experts believe that as more companies integrate Bitcoin into their treasuries, its monetary significance will continue to grow — moving closer to becoming a mainstream financial asset.