Bitcoin experienced a sharp decline of more than 2% on Monday, but rather than fleeing, institutional investors seized the opportunity to accumulate heavily. Two prominent Bitcoin treasury firms, Strategy and Metaplanet, emerged as the most aggressive buyers of the day, collectively purchasing 1,205 bitcoins for over $144 million.
Strategy and Metaplanet Double Down
Strategy Chairman Michael Saylor announced on social media that his company had acquired 430 BTC for approximately $51 million. With this purchase, Strategy’s total Bitcoin holdings now stand at 629,376 BTC. Meanwhile, Metaplanet President Simon Gerovich revealed that his firm bought 775 BTC for roughly $93 million. In a post on X, Gerovich wrote: “I hear the disappointment in the recent pullback. It’s natural to feel that way. But what gives us conviction is the foundation we are building. Let’s review the milestones we’ve reached together, because over time fundamentals prevail.”
Norway's Pension Fund Increases Exposure
Regulatory filings show that the nearly $2 trillion Norwegian Government Pension Fund Global (GPFG) boosted its Bitcoin exposure by approximately 83% as of June 2025. The fund achieved this increase primarily by acquiring shares of MicroStrategy (MSTR), further underscoring the growing appetite among traditional institutional giants for digital assets.
Market Metrics Snapshot
According to CoinMarketCap, Bitcoin was priced at $116,028.63 at the time of reporting, down 1.69% over the past 24 hours and 3.26% over the past seven days. The cryptocurrency traded in a range between $114,723.68 and $118,073.96 during the last 24 hours. Trading volume surged 62.22% to $69.23 billion, an expected post-weekend spike. However, market capitalization fell 1.64% to $2.31 trillion. Bitcoin dominance rose 0.70% to 59.82%, as the digital asset continued to outperform the broader crypto market, which fell 2.61%.
Total Bitcoin futures open interest was nearly flat over 24 hours, rising only 0.13% to $82.94 billion. Liquidation data from Coinglass showed total Bitcoin liquidations of $130.43 million, with long positions accounting for the vast majority at $123.01 million. Shorts were relatively unscathed at just $7.42 million. This indicates that despite the price dip, long-leveraged traders bore the brunt of the pain.
Institutional Actions Signal Confidence
While jittery traders triggered a sell-off, institutions with deep pockets recognized the dip as a buying opportunity. Bitcoin briefly fell to $114,723 on Monday before quickly recovering. The sustained purchases by companies like Strategy and Metaplanet send a strong signal of long-term conviction from deep-pocketed holders. As the market adage goes, “A paper hands’ loss is a hodler’s gain.”