Bitcoin Surpasses $110,000 as Institutional Interest Rises 🚀

Bitcoin recently surged past $110,000, marking a new high driven by institutional investments. Data from Coinbase and Binance recorded Bitcoin trading at $110,774 and $110,724 respectively. The price, up by 3%, was $110,387 as of 9:05 p.m. ET Wednesday. Min Jung from Presto Research attributes the rise to firms like Strategy, Metaplanet, and Twenty One Capital accumulating Bitcoin. Unlike past rallies, institutional and long-term investments lead this ascent, minimizing retail speculation. Michael Saylor’s Strategy bolstered its Bitcoin holdings, acquiring 7,390 BTC, totaling 576,230 BTC. Strive Enterprises aims to create a Bitcoin treasury from the Mt. Gox estate's claims. Roshan Robert of OKX US highlights corporate strategies, ETF inflows, macroeconomic instability, and regulatory favors as contributing factors. Together with Bitcoin's scarcity, these elements foster a "perfect storm" for its value increase. Presto Research views this as an early phase of a significant institutional valuation shift, maintaining a 2025 price prediction of $210,000. Disclaimer: The Block is independent, with Foresight Ventures as a majority investor. Bitget is a significant LP. The Block remains autonomous to provide unbiased crypto industry insights. Financial disclosures are available. © 2025 The Block.