#BTCBackto100K

BTC Breaks $100K Barrier as Institutions Dive In

Bitcoin ( BTC) broke through the $100K barrier on Thursday morning, as net cumulative inflows for spot BTC exchange-traded funds (ETFs) peaked at $40.72 billion . The last time BTC broke through the six-figure threshold in early February, net inflows had also peaked just above $40 billion.

Bitcoin ETF providers aren’t the only institutions rushing to hoard the digital asset. On Wednesday, Japanese bitcoin treasury firm Metaplanet announced a 555 bitcoin purchase bringing its overall holdings to 5,555 BTC. The company plans to reach a total of 21,000 BTC by the end of next year. Michael Saylor’s bitcoin firm Strategy, announced its most recent public purchase at the end of April