BitcoinThe price of gold continued to rise today. It rose $3,735 (4.42%) at the time this article was written, reaching $88,300. This increase is attributed to strong institutional demand and renewed interest in alternative investments. Gold’s price surges as it becomes more popular breaks Gold is trading above $3,400 an ounce at the moment, with a current price of $3,431.10. This trend highlights a larger one, where investors are seeking out safe-haven investments.
Bitcoin has outperformed the Nasdaq since April 2. This shows a growing divergence in performance between digital assets and traditional stocks.
Michael Saylor was Chairman at MicroStrategy ($MSTR), which used to be called Strategy. announced The company purchased 6,556 BTC at an average cost of $84,785 for each bitcoin. The company will hold 538,200 bitcoins as of April 20th, 2025. BTC was acquired for approximately $36.47 Billion at an average cost $67,766 each bitcoin.
Strategy bought 285 980 BTC after announcing their ambitious 21/21 Plan to purchase $42 billion in bitcoin. That breaks down to an average of $154 million in daily purchases over nearly six months—an aggressive pace unmatched by any other public company.
Metaplanet, a Japanese company listed on the stock exchange, also announced a new Bitcoin purchase as part of their ongoing Treasury strategy. In a press release, the company confirmed that:
“The acquisition of additional Bitcoin as part of its ongoing Bitcoin Treasury Operations. Details of the latest purchase are as follows:
Number of Bitcoin Purchased： 330 Bitcoin
Average Purchase Price： 12,181,570 yen per Bitcoin
Aggregated Amount Purchased： 4.020 billion yen
Total Bitcoin Holdings： 4,855 Bitcoin
Average Purchase Price： 12,804,361 yen per Bitcoin
Aggregated Amount Purchased： 62.165 billion yen”
The moves are part of a larger trend in corporate adoption, and the allocation by treasuries to Bitcoin as a result of macroeconomic uncertainties and concerns about currency debasement.
Bitcoins price Market sentiment has turned bullish following a long period of negative market sentiment, which reached $76,000. Today’s price action—along with fresh buying from public companies—signals that demand for Bitcoin as a strategic asset is not only persisting but accelerating.
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Source: bitcoinmagazine.com
