Key Insights:
- 12 firms added Bitcoin in Q1, driving public holdings above 688,000 BTC
- Metaplanet buys 319 more BTC, now holds $383M worth of Bitcoin
- $500B liquidity injection may support Bitcoin price if macro tailwinds persist
Bitcoin (BTC) price held steady near $84,440 on Apr. 15 as data showed mounting institutional interest and renewed accumulation among whales, even as macroeconomic pressure lingered. Analysts pointed to $85,000 as a key short-term breakout level, potentially clearing the path to a sharp rally into the $90,000 range.
According to crypto analyst Max, Bitcoin has continued to “flirt with a move higher,” but price has yet to decisively flip the 30-day and 60-day volume-weighted average price (VWAP). “If price can flip 85K+/- then I think low 90’s can come quickly,” he noted.
The short-term outlook hinges on reclaiming the $85,000 mark. “Until then, patience is necessary,” Max added.
Public Firms Raised BTC Holdings by 16% in Q1 2025
According to Bitwise data posted Apr. 14, public companies increased their collective Bitcoin exposure by 95,431 BTC in Q1 2025. The total value of Bitcoin held by 79 publicly listed firms rose to $56.7 billion, based on a BTC price of $82,445.
The 16.1% quarterly rise included 12 companies acquiring Bitcoin for the first time. Hong Kong’s Ming Shing led the cohort, with its subsidiary Lead Benefit purchasing 833 BTC. Rumble, a video-sharing platform, bought 188 BTC in March.
HK Asia Holdings made headlines with just one BTC purchase in Feb., which coincided with a near 100% jump in its stock price in a single trading session.
Metaplanet Increases Stack, Now Holds Over 4,500 BTC
Tokyo-based investment firm Metaplanet revealed its latest Bitcoin purchase in an Apr. 14 disclosure, confirming the acquisition of 319 BTC at an average price of 11.8 million yen ($82,770) each. This brought its total holdings to 4,525 BTC—currently valued at $383.2 million.
Despite the portfolio value, Metaplanet has spent nearly $406 million (58.145 billion yen) accumulating its Bitcoin reserves. The stock (3350) traded flat on Apr. 15 after closing 3.71% higher the day before.
Metaplanet is now the tenth-largest public Bitcoin holder, trailing behind Block Inc., which holds 8,485 BTC, according to Coinkite.
On-chain analyst Ali flagged $82,024 as the most critical Bitcoin support level based on historic accumulation. Around 96,580 BTC were previously acquired at this level, suggesting strong buyer interest and likely defense from further downside.
Liquidity Surge from U.S. Treasury Could Fuel Bitcoin Price Rally
Beyond market structure, Bitcoin’s strength may be tied to broader liquidity trends. Since Feb., the U.S. Treasury has injected over $500 billion into financial markets via its Treasury General Account (TGA), after the country hit a $36 trillion debt ceiling on Jan. 2.
Tomas, a macro analyst, said the drawdown increased net Federal Reserve liquidity to $6.3 trillion. “This can support Bitcoin’s price in the future,” he noted, although he added that risk assets have yet to reflect the full impact.
The liquidity push coincides with the ongoing tax season, which may temporarily drain cash. However, TGA outflows are expected to resume in May. If talks around the debt ceiling drag into Aug., Tomas estimates liquidity could climb to $6.6 trillion.
Bitcoin’s Global Liquidity Link to Bitcoin Price Remains Strong
Financial researcher Lyn Alden emphasized Bitcoin’s 83% correlation with global liquidity on a 12-month basis. Her study concluded Bitcoin acts as a “global liquidity barometer,” outperforming other major asset classes such as SPX, gold, and VT in correlation to liquidity flows.
Alden highlighted how previous TGA drawdowns in 2022 and 2023 had also supported speculative assets like BTC. The current trajectory may offer a similar outcome if global conditions stabilize.
Bitcoin’s price has traded flat since April began, but mounting accumulation from public firms, ongoing whale activity, and a rising liquidity base suggest an underlying bullish structure.
All eyes now rest on $85,000. If bulls manage to reclaim this zone, a push to $90,000 may follow swiftly.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
