Spot Bitcoin ETFs have attracted over $2 billion in a week, led by BlackRock, Fidelity, and Ark Invest.
MicroStrategy holds more than 597,000 Bitcoins, with over 140 public companies now backing the asset.
Governments like the US and El Salvador are adding Bitcoin to reserves, supporting its long-term growth.
Bitcoin is no longer just a niche asset talked about in tech circles or online forums. It has become a serious investment option, and large institutions are playing a major role in keeping its value strong. Over the past few months, big-money players have shown growing interest in Bitcoin, and their involvement is giving the cryptocurrency a solid base of support.
A big reason for Bitcoin’s strength is the launch of spot Bitcoin ETFs. These are financial tools that let people invest in Bitcoin without actually buying the coin. Since these ETFs got approval in the US earlier this year, they’ve been getting a lot of investment.
Last week alone, more than $2 billion went into these ETFs. BlackRock’s iShares Bitcoin Trust received over $1.3 billion. Other big firms like Fidelity and Ark Invest also added large amounts. Together, all these ETFs now hold more than one million Bitcoins, which is worth around $135 billion.
This steady flow of money from big investors is helping Bitcoin stay strong, even when smaller investors are less active.
Some companies are also buying Bitcoin to keep it as a part of their financial reserves. Strategy (which was called MicroStrategy) recently spent $532 million to buy nearly 5,000 more Bitcoins. Now, it owns over 597,000 Bitcoins, more than any other company.
The company is raising money through bonds just to buy more Bitcoin and plans to continue doing this for a few more years. More than 140 public companies now hold Bitcoin as part of their financial strategy.
Also Read: Bitcoin Price Soars Above $109K as Market Eyes Breakout Above $114K
Some governments are also showing interest in Bitcoin. The United States has around 200,000 Bitcoins that were taken in legal seizures and are now held by the government. El Salvador made Bitcoin legal money in 2021 and owns over 6,000 Bitcoins. Countries like Pakistan, Bhutan, and China also hold Bitcoin through official channels.
These steps show that Bitcoin is being treated more seriously, not just as an experiment or a short-term investment.
Due to institutional support, nearly all Bitcoin holders are in profit. Approximately 97% of Bitcoin wallets have more value than the price originally, they paid. This encourages many investors to hold rather than sell their coins, therefore stabilizing the market.
Reports also show that 93% of big investors plan to keep their Bitcoin for the long term. This kind of thinking helps reduce sudden market crashes.
Also Read: Why Bitcoin Could Soar to $136,000 This July: 3 Key Catalysts
Some experts think Bitcoin could go above $114,000 soon. If that happens, the price might even reach $143,000 later. These guesses are based on more money flowing into ETFs and the chance of lower interest rates, which usually make risky assets more attractive. So far this year, Bitcoin has done better than the stock market. While the S&P 500 is up about 5%, Bitcoin has grown over 15% since January.
Bitcoin is staying strong because of steady support from big investors, companies, and even some governments. This is helping it grow into more than just a digital currency for tech users. With more trust and long-term plans from these major players, Bitcoin is becoming an important part of the world’s financial system.