- MicroStrategy and Metaplanet lead Bitcoin accumulation in 2025, adding 14,631 BTC with combined holdings surpassing 575,000 BTC.
- Whale shorts total $138.82M, facing pressure as BTC trades near $102,352 with strong support at $100K and resistance at $ 105 K.
- Institutional Bitcoin purchases surge, with businesses acquiring 157K BTC in 2025, 77% led by MicroStrategy’s strategic moves.
MicroStrategy Inc. bought 13,390 BTC at an average price of $99,856 per BTC for $1.34 billion. In one of Michael Saylor’s posts, the firm announced a cumulative holding of 568,840 BTC as of May 11, 2025. Their total purchases for $39.41 billion, with an average cost of $69,287 per Bitcoin, show their forceful Bitcoin policy.
The company raised $1.34 billion through at-the-market (ATM) offerings of 3,222,875 MSTR shares and 273,987 STRK shares. These programs leave $19.69 billion worth of MSTR and $20.85 billion of STRK shares still available. Transparency remains a priority, with MicroStrategy updating its dashboard regularly to reflect these developments.
Metaplanet Acquires More Bitcoin for Treasury Operations
Metaplanet Inc. purchased 1,241 BTC for $126.7 million at an average price of $102,119 per BTC. According to a report by Crypto Rus and a confirmation by Metaplanet Inc. and Simon Gerovich, this acquisition brings the company’s total holdings to 6,796 BTC. The aggregate cost basis for these holdings stands at $608.2 million, or $89,492 per Bitcoin.
Metaplanet achieved a YTD BTC Yield of 170.0% in 2025, emphasizing the efficiency of its Bitcoin Treasury Operations. The purchases were supported by proceeds from stock acquisition rights and zero-coupon bonds, including $25 million raised through the 13th Series Ordinary Bonds. These actions align with Metaplanet’s objective to maximize shareholder value.
Whale Shorts Suggest Contrasting Market Sentiment
Two large-scale Bitcoin short positions have emerged, totaling $138.82 million in value, with significant unrealized losses. According to Reed Carson, the first whale holds a $92.8 million short position at $104,094.2, with a liquidation price of $105,720. The second whale maintains a $46.02 million position at $103,528, with a liquidation threshold of $112,240.
These traders are betting against the market’s bullish sentiment despite Bitcoin’s strong support near $100,000. TradingView data indicates resistance at $105,000, suggesting a precarious position for these high-leverage trades. Both whales face increasing pressure as unrealized losses continue to rise.
Institutional Accumulation Outpaces Individual Sell-Offs
157,000 BTC have been purchased by companies in 2025, with 77% coming through MicroStrategy, according to TFTC. Funds and ETFs have then purchased 49,000 BTC, followed by individuals offloading 247,000 BTC. These trades reflect institutional interest in Bitcoin as a long-term strategic investment.
Metaplanet and MicroStrategy’s purchases reflect this trend, indicating a combined interest in Bitcoin as a reserve asset. Institutional players fuel the accumulation narrative, utilizing capital markets to expand their crypto holdings.
Market Indicators Confirm Bullish Trends
As of May 13, 2025, Bitcoin is valued at $102,352.82, a minimal decrease of 0.43%. TradingView figures have RSI at 67.83, indicating strong upward momentum just below overbought levels. The MACD confirms a bullish trend, and a histogram value of 370.15 illustrates decreasing momentum.
Support is firm at $100,000, and resistance at $105,000 is the immediate challenge for buyers. Both of these levels capture the overall institutional accumulation narrative, with firms and funds still setting their sights on Bitcoin purchases.
