Bitcoin Eyes ‘Massive Breakout’ As Metaplane Doubles Down

Bitcoin bulls are buzzing after Japan-based investment firm Metaplanet snapped up another 1,004 BTC—its second-largest purchase to date—just as Strategy executive chairman Michael Saylor hinted at yet another massive buy.

The back-to-back accumulations come after Bitcoin posted its highest-ever weekly candle close at $106,500, just 3% shy of its all-time high. Analyst Crypto Rover on X says the momentum could signal a “massive breakout” is imminent.

Metaplanet’s $104.3 million buy brings its total holdings to 7,800 BTC, fortifying its position as Asia’s largest corporate holder and the 11th biggest globally, according to BitcoinTreasuries. The Japan-based investment firm had also bought 1,241 BTC just a week ago. 

Metaplanet bought its latest BTC at an average price of $103,873, CEO Simon Gerovich said in a post on X.

Metaplanet has acquired 1004 BTC for ~$104.3 million at ~$103,873 per bitcoin and has achieved BTC Yield of 189.1% YTD 2025. As of 5/19/2025, we hold 7800 $BTC acquired for ~$712.5 million at ~$91,343 per bitcoin. $MTPLF pic.twitter.com/w4tqZA2QPK

— Simon Gerovich (@gerovich) May 19, 2025

Strategy, formerly MicroStrategy and still the world’s biggest corporate holder with 568,840 BTC, appears poised to add more after executive chairman Michael Saylor shared the now-famous “SaylorTracker” chart—his usual precursor to a new buy.

Analysts See “Massive Breakout” For Bitcoin After Highest-Ever Weekly Candle Close

Following the strong weekly close yesterday, Bitcoin recorded a minor drop in the last 24 hours to trade at $102,901.13 as of 1:06 a.m. EST, according to CoinMarketCap data.

Despite the pullback, the strong weekly close has excited analysts, who predict an imminent Bitcoin rally. 

Among those analysts is Rekt Capital, who told his over 546.8K followers on X  yesterday that the high weekly close could lead to a “brand new higher high” for BTC. 

Pseudonymous analyst Crypto Rover agreed, and posted earlier today that the “insanely bullish weekly close for Bitcoin” could soon be followed by a “massive breakout.”

Insanely bullish weekly close for Bitcoin.

It seems like history is repeating.

A little bit of consolidation, before a massive breakout! pic.twitter.com/XsJkqnD3pq

— Crypto Rover (@rovercrc) May 19, 2025

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