Daniel Walker
Bitcoin has officially shattered the $110,000 barrier, marking a new all-time high as institutional investment reaches unprecedented levels. The flagship cryptocurrency surged to $110,774 on Coinbase late Wednesday, while Binance data shows a peak of $110,724 earlier in the day.
As of 9:05 p.m. ET, Bitcoin was holding strong at $110,387, reflecting a 3% intraday increase, according to PRIME’s live pricing dashboard.
This breakout is being credited to large-scale treasury acquisitions by major firms including Strategy, Metaplanet, and Twenty One Capital. According to Min Jung, lead analyst at Presto Research, the current rally is fundamentally different from past bull runs.
โThis isnโt retail speculation โ weโre seeing long-term institutional capital taking the lead,โ said Jung. โThis signals a major shift in how Bitcoin is being treated on balance sheets.โ
Tech entrepreneur Michael Saylorโs firm, Strategy, recently announced a new purchase of 7,390 BTC, bringing its total holdings to 576,230 BTC โ making it one of the most aggressive corporate Bitcoin accumulators in history.
At the same time, Strive Enterprises, co-founded by Vivek Ramaswamy, is reportedly eyeing 75,000 BTC (valued at $8.2 billion) from the Mt. Gox estate, positioning itself for a major entry into the Bitcoin treasury space.
Why Bitcoinโs Rally Looks Different This Time
According to Roshan Robert, CEO of OKX U.S., this surge is not the result of short-term hype. Instead, it’s the outcome of ETF inflows, macroeconomic headwinds, and increasing regulatory clarity converging to create ideal conditions.
โWeโre seeing a โperfect stormโ scenario,โ Robert said. โBitcoinโs scarcity, combined with a favorable macro and regulatory backdrop, is creating sustainable upward pressure.โ
This multi-pronged momentum underscores how Bitcoin is maturing as a financial asset, increasingly viewed as a strategic reserve rather than a speculative play.
$210,000 in Sight? Analysts See More Room to Run
Despite the recent record highs, analysts at Presto Research believe this is just the beginning. Jung reiterated that their 2025 price target of $210,000 โ first issued in late 2024 โ remains intact.
โWeโre still in the early stages of institutional adoption,โ he said. โThis bull cycle has much more room to grow.โ
