{"id":24220,"date":"2025-05-23T10:31:08","date_gmt":"2025-05-23T07:31:08","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-nears-112000-amid-institutional-buying-spree\/"},"modified":"2025-05-23T10:31:08","modified_gmt":"2025-05-23T07:31:08","slug":"bitcoin-nears-112000-amid-institutional-buying-spree","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-nears-112000-amid-institutional-buying-spree\/","title":{"rendered":"Bitcoin Nears $112,000 Amid Institutional Buying Spree"},"content":{"rendered":"<p>On the evening of May 22, the price of the leading cryptocurrency nearly tested the $112,000 level, buoyed by substantial inflows into ETFs.<\/p>\n<p>The digital gold reached a peak of $111,980 against the BTC\/USDT pair on the Binance exchange. At the time of writing, the asset is trading around $110,650.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1575.webp\" alt=\"1-1575\" class=\"wp-image-259258\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The market capitalization of the leading cryptocurrency momentarily exceeded $2.2 trillion. By this measure, Bitcoin surpassed Amazon and Google, trailing only Apple ($3 trillion), Nvidia ($3.24 trillion), and Microsoft ($3.38 trillion).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"87\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/6-171-1024x87.png\" alt=\"6-171\" class=\"wp-image-259263\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/6-171-1024x87.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/6-171-300x26.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/6-171-768x66.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/6-171.png 1430w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/finviz.com\/screener.ashx?v=121&#038;o=-marketcap\">Finviz<\/a>.<\/figcaption><\/figure>\n<p>Among the top 10 cryptocurrencies by market capitalization, Solana, Dogecoin, and Cardano <a href=\"https:\/\/www.coingecko.com\/\">showed<\/a> significantly better performance compared to digital gold over the past day.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"643\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-379-1024x643.png\" alt=\"4-379\" class=\"wp-image-259260\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-379-1024x643.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/4-379-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/4-379-768x482.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/4-379.png 1140w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Institutional Investors and Whales<\/strong><\/h2>\n<p>The driving force remains the demand for exchange-traded funds. Over the past seven days, investors have poured $3.22 billion into these products, including $934 million on May 22.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1111.webp\" alt=\"2-1111\" class=\"wp-image-259261\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>The total inflow into BTC-ETFs increased to $44.31 billion. <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> reached $134.3 billion.<\/p>\n<p>Additional support continues to come from purchases by public companies.<\/p>\n<p>On May 22, Michael Saylor&#8217;s Strategy submitted a <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span><a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001050446\/000119312525124568\/d68716d8k.htm\"> application<\/a> for the issuance of preferred shares worth $2.1 billion. The firm intends to use the proceeds to finance general corporate purposes, including the acquisition of digital gold.<\/p>\n<p>In total, the company plans to <a href=\"https:\/\/u1f987.com\/en\/news\/strategy-to-raise-up-to-21-billion-for-bitcoin-acquisition\">raise $21 billion<\/a> through such instruments, plus<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-aims-to-raise-42-billion-for-bitcoin-purchases\"> $21 billion in common stock.<\/a><\/p>\n<p>As of May 23, 2025, Strategy&#8217;s Bitcoin position <a href=\"https:\/\/www.strategy.com\/press\/strategy-acquires-1895-btc-and-now-holds-555450-btc_05-05-2025\">stands at<\/a> 576,230 BTC ($63.6 billion).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-621.webp\" alt=\"3-621\" class=\"wp-image-259262\"\/><figcaption class=\"wp-element-caption\">Data: BitcoinTreasuries.<\/figcaption><\/figure>\n<p>Eighty-five companies have already adopted a Bitcoin strategy. Collectively, they hold over 800,000 BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The HODL Top 85 List ? 5\/19\/2025<\/p>\n<p>\u2705 The Top 85 companies HODL more than 800,000 Bitcoin <a href=\"https:\/\/t.co\/X2tGitjA3d\">pic.twitter.com\/X2tGitjA3d<\/a><\/p>\n<p>\u2014 HODL15Capital ?? (@HODL15Capital) <a href=\"https:\/\/twitter.com\/HODL15Capital\/status\/1924560622999474200?ref_src=twsrc%5Etfw\">May 19, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, Standard Chartered urged investors to buy the leading cryptocurrency and forecasted its price to rise <a href=\"https:\/\/u1f987.com\/en\/news\/standard-chartered-urges-bitcoin-investment\">to $120,000<\/a> in the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the evening of May 22, the price of the leading cryptocurrency nearly tested the $112,000 level, buoyed by substantial inflows into ETFs. The digital gold reached a peak of $111,980 against the BTC\/USDT pair on the Binance exchange. At the time of writing, the asset is trading around $110,650. 15-minute BTC\/USDT chart on Binance. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,569,1145,1207],"class_list":["post-24220","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-bitcoin-price","tag-etf","tag-market-analysis","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"63","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24220"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24220\/revisions"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}