The meta -plane has announced that it has issued $ 30 billion (approximately $ 208 million) in 0% common bonds to buy more bitcoin (BTC). The move marks the 19th series of regular bonds issued by the company. The company recently bought another 1,005 BTC worth about $ 108 million. The company currently has a total of 13,350 BTC worth approximately $ 1.44 billion.
Institutions around the world seem to hammer BTC. BTC-based ETFS saw inflow at $ 2.22 billion from June 23 to June 27. The consistent purchases of the institutions are proof of the growing demand for BTC products.
The growing bitcoin (BTC) purchases are in line with the recent resuscitation of the asset. BTC has recycled the price level of $ 108,000 after the last crash. BTC is traded in the green zone over all time frames. Access has increased by 0.9% in daily charts, 7% in the weekly lists, 1.9% in the 14-day diagrams, 4.3% compared with the previous month and 78.4% since the end of June 2024.
New All-Time High around the corner?
The original Krypton is currently down by only 3.2% from its highest time of $ 111,814. If BTC continues its current growth pattern, it can hit a new peak very soon.
The crypto market met significant volatility in June due to trade war and global geopolitical tension. Both factors seem easier. The European Union has said it is open to a new trade agreement with the United States. The Iran-Israel conflict has also seen rapid peeling. The development can help BTC rise to a new height.