Bitcoin has faced uncertainty recently with the price continuing in its consolidation between the $95,552 and $98,625 over the last few days. Despite the recent uncertainty, Japanese firm Metaplanet is still bullish about BTC. The firm recently made a purchase of 68.59 BTC confirming its long-term strategy to hold Bitcoin. 

On the other hand, Bitcoin’s ETF demand is slowing down while the idea of Bitcoin reserve is gaining attraction worldwide. What does this mean for the price of Bitcoin? 

Japan’s Metaplanet Now Owns 0.01% of Total Bitcoin Supply 

Metaplanet has gained popularity through its Bitcoin adoption strategy. This firm recently introduced the “21 Million Plan” which includes acquiring 10,000 Bitcoin by 2025 and 21,000 BTC in 2026. In accordance with the plan, the firm bought more Bitcoins earlier today.  

As reported on Feb.20, 2025, Metaplanet bought 68.59 Bitcoin earlier today pushing its holdings to a total of 2,100 BTC. This means that the firm now holds 0.01% of the total Bitcoin supply, which is 21 million BTC. 

Metaplanet made the recent Bitcoin purchase at the $96,335 price level, totaling up to $6.6 million. The firm has followed in the footsteps of MicroStrategy which holds a total of 471,107 BTC bought for $30.4 billion. 

BTC ETFs Record $71.07M Outflows As Demand Slows Down

Through BTC spot ETFs, institutions have accessed secure investment opportunities that they could not achieve when purchasing Bitcoin directly. However, CryptoQuant data suggests that there has been a decline in BTC spot ETF demand in recent times. 

This may be interpreted as a sign of the end of the BTC bull run. But, Ki Young Ju, the CEO of CryptoQuant, has emphasized that the “bull cycle would last until significant ETF outflows emerge.” Additionally, the start of a bear cycle will only be confirmed by “prolonged net negative demand.”

Data on SoSoValue, revealed $71.07 million as the amount of funds that left the BTC Spot ETFs on Feb. 19, 2025. Nonetheless, the demand level in the market still remains positive despite slowing down demand.  

BTC Could Reach $1M Fueled By Strategic BTC Reserves

Strategic Bitcoin Reserve has become an international subject of interest throughout the world. Nonetheless, only El Salvador has managed to push the process through to actualization with 6,068 BTC purchased. 

However, other countries are following suit with US, Brazil and Switzerland law enforcers now deliberating the move. Other countries including Argentina, Chile, Czech Republic, Germany, Hong Kong, Japan, Poland and Russia are also in the race with legislative process in progress. 

The price of BTC might attain $1 million if nations worldwide implement this idea according to a post by Crypto analyst Vivek. While this might not happen in the near future, it could be achieved with great institutional adoption and implementation of strategic Bitcoin reserves across the world. 

BTC traded at $97,383.86 as of the time of this writing. According to data on Coingecko, this demonstrated a slight 1.2% upswing on the Thursday trading session.