Several prominent corporations have recently invested heavily in Bitcoin, despite its price experiencing a decline. These investments across diverse sectors underline growing institutional confidence in the cryptocurrency, sparking debates about its potential to hit $100,000 by December.
Bullish Sentiments Persist Despite Volatility
From software intelligence firms to educational platforms, the influx of capital into Bitcoin markets highlights an optimistic outlook, even amid market fluctuations.
MicroStrategy Strengthens Its Bitcoin Holdings
On December 2, MicroStrategy disclosed another significant Bitcoin purchase, according to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC). The firm acquired 15,400 BTC for approximately $1.5 billion in cash, paying an average price of $95,976 per Bitcoin, including fees.
This acquisition boosts MicroStrategy’s already considerable Bitcoin reserves, emphasizing its unwavering belief in the cryptocurrency. For the quarter, the company achieved a 38.7% return on Bitcoin, while its year-to-date returns stand at 63.3%.
Michael Saylor, MicroStrategy’s Executive Chairman, shared these updates on social media, reiterating the firm’s commitment to Bitcoin as a strategic asset.
MARA Holdings Raises Funds to Expand Bitcoin Reserves
Meanwhile, MARA Holdings, a leader in blockchain computing, announced plans to raise $805 million by issuing convertible senior notes maturing in 2031. This funding will enhance MARA’s Bitcoin reserves and address existing debt obligations.
The company intends to allocate up to $199 million to repurchase a portion of its convertible notes due in 2026. The remaining funds will support corporate activities and bolster Bitcoin holdings, further strengthening its financial position.
Genius Group Expands Bitcoin Treasury
In another notable development, Genius Group Limited, an AI-powered education company, recently added $1.8 million worth of Bitcoin to its reserves. This acquisition increases the company’s Bitcoin holdings to 172 BTC, valued at $15.8 million, with an average purchase price of $92,006 per Bitcoin.
Genius Group’s commitment to a “Bitcoin-first” approach reflects its strategy to retain 90% of its reserves in Bitcoin, targeting a total of $120 million in cryptocurrency assets.
Japanese Investment Firm Rewards Shareholders with Bitcoin
Japanese investment firm Metaplanet introduced an innovative shareholder reward program. Shareholders holding at least 100 shares by December 31 can win Bitcoin prizes through a lottery system. The total prize pool is valued at 30 million yen (approximately $199,500) in Bitcoin.
Metaplanet, which has witnessed its stock surge by 1,000% in 2024, attributes its success to partnerships and its integration of Bitcoin into corporate finance.
The rewards will be distributed to 2,350 shareholders, with varying prize amounts. Additionally, new accounts opened with SBI VC Trade between November 18 and March 31, 2025, can participate by registering on a designated website.
Can Institutional Investments Drive Bitcoin to $100k?
Bitcoin’s price has seen substantial fluctuations, with a notable 40% rise following Donald Trump’s U.S. presidential victory in November.
The key question remains whether investments by industry giants like MicroStrategy, MARA Holdings, Genius Group, and Metaplanet can provide the momentum needed to push Bitcoin’s price toward the ambitious $100,000 target by December.
A Potential Bullish Wave for Bitcoin
The combined investments from these influential players suggest an upward trend for Bitcoin. Institutional buying power appears poised to shape the market dynamics, bringing optimism for Bitcoin enthusiasts despite its recent volatility.
The next few weeks will reveal whether these efforts will indeed drive Bitcoin closer to its historic price milestone.
The post Bitcoin Dip Fuels Institutional Appetite: Can Today’s Huge Buys Push the Price to $100K in December? appeared first on Cryptonews.
