Bitcoin Price Stays Above $118,000 As Metaplanet, Smarter Web Company Buys Additional Bitcoin

Bitcoin continues to trade firmly above the $118,000 level, supported by a fresh wave of institutional buying. Two companies—Metaplanet and The Smarter Web Company—have recently made significant Bitcoin purchases, further cementing their positions as notable corporate holders of the cryptocurrency.

Institutional Buyers Drive Momentum

• Metaplanet, a Japanese company originally involved in the hospitality sector, has purchased 518 BTC for about $61.4 million, at an average price of $118,519 per coin. This acquisition boosts their total Bitcoin holdings to 18,113 BTC, worth around $2.15 billion at current market prices, with an average acquisition cost of roughly $101,911 per BTC.
• The Smarter Web Company, a London-listed business, has added 295 BTC to its reserves for approximately $35.2 million, averaging $119,412 per coin. This brings its total holdings to 2,395 BTC, valued at $284.8 million, and generating an unrealized profit of nearly $20 million.

Both companies are now among the top corporate Bitcoin holders globally, reflecting a broader trend of institutional adoption.

Bitcoin Price Holding Strong

Despite recent market volatility, Bitcoin has maintained its position above the $118,000 threshold. On-chain data suggests that investors who bought near these levels are holding firmly, creating strong support between $118K and $120K.

From a technical perspective:

• Immediate resistance levels are at $120,500, followed by $123,000 and $125,000.
• Key support levels remain at $118,200 and $117,500.

If bulls manage to break through resistance, the market could see another leg up toward the $125,000 mark.

A Broader Institutional Trend

The recent acquisitions by Metaplanet and The Smarter Web Company highlight the increasing appeal of Bitcoin as a corporate treasury asset. Over 200 public companies now hold Bitcoin in their balance sheets, and this number is steadily growing.

Metaplanet has ambitious long-term goals, including acquiring up to 210,000 BTC—roughly 1% of the total Bitcoin supply—by the end of 2027. To support this strategy, the company has been raising funds through equity and bond offerings.

Key Takeaways

Outlook

Bitcoin’s ability to hold above $118,000 amid heavy institutional buying signals strong market confidence. If resistance levels are cleared, prices could push toward the $123,000–$125,000 range. Institutional demand, combined with favorable market sentiment, may help sustain the momentum in the coming weeks.