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Cryptocurrency News Articles

Bitcoin (BTC) Price Surges Past $100K Milestone, Jetking CEO Reveals Multi-Stage Bitcoin Accumulation Plan

May 09, 2025 at 09:45 am

Bitcoin (BTC) surged decisively past the $100,000 milestone, trading near $102,500 with a solid 4.7% gain over the past 24 hours. This significant move comes with growing signals of institutional crypto adoption

Bitcoin (BTC) Price Surges Past $100K Milestone, Jetking CEO Reveals Multi-Stage Bitcoin Accumulation Plan

Bitcoin (BTC) surged decisively past the $100,000 milestone, trading near $102,500 at press time, with a solid 4.7% gain over the past 24 hours. This significant move comes with growing signals of institutional crypto adoption, highlighted by fresh corporate announcements.

A recently uploaded video showed Jetking CEO Harsh Bharwani revealing his company’s plans to increase its Bitcoin holdings in a notable adoption move.

Just In: Indian Public Company Jetking CEO says he is planning to raise billions to buy 18,000 Bitcoin.

This is huge for crypto in India. Massive corporate integration is in the works. 🤫🤫🤫

According to Bharwani, Jetking will be aiming to increase its Bitcoin holding to about 180 BTC in the next six months.

Looking further ahead, the Jetking CEO confirmed longer-term company plans to potentially scale its Bitcoin position to 18,000 BTC before the next halving cycle (around 2028) or by 2030, using various available instruments.

Strategy (formerly MicroStrategy) Might Introduce 2025 Bitcoin Standard Model

Adding to the institutional adoption narrative, Strategy (formerly MicroStrategy), arguably the most famous Bitcoin investment company, announced it would release a 2025 Bitcoin Standard Model to help companies adopt Bitcoin. Strategy’s Bitcoin program is worthy of note, considering their bullish approach toward the digital asset, no matter the season.

According to reports, Strategy’s upcoming model will offer companies structured guidance for integrating Bitcoin into their operations. The model’s ultimate aim is to accelerate institutional and enterprise adoption of Bitcoin by standardizing and easing processes that would allow businesses to use Bitcoin.

While analysts expect Strategy’s new plan to increase Bitcoin’s mainstream adoption, the primary target is to catalyze further institutional involvement, setting new standards and driving more companies to integrate Bitcoin, using it as part of their core business and treasury operations.

Bitcoin Consolidates Above $100K, Eyes New All-Time Highs

Bitcoin traded strongly near $102,500 at press time, consolidating gains after breaking the key $100,000 psychological level. This marks Bitcoin’s first sustained move above $100K since pulling back from its January 20, 2025, all-time high near $109,356, according to data from TradingView.

According to Santiment, Bitcoin’s price action over the past week has been closely linked to the upcoming Federal Open Market Committee (FOMC) meeting, leading to speculation about a potential divergence in the coming days.

According to the crypto analytics firm, if the FOMC meeting occurs without any significant changes to the macroeconomic environment, it could have minimal impact on Bitcoin’s price. However, if there are substantial shifts in the macroeconomic landscape, such as a steeper-than-expected inflation reading, it might lead to greater volatility in Bitcoin’s price.

If the FOMC meeting passes without any surprises and the macroeconomic environment remains stable, we expect to see a continuation of the current market trend, with Bitcoin continuing to move sideways or in a slight uptrend.

If, on the other hand, the FOMC meeting does bring some surprises, such as a steeper-than-expected increase in the inflation rate, we might see more significant price movements and increased volatility in the days following the meeting. Ultimately, the best way to stay informed about any potential changes is to keep up to date with the latest news and analysis.

Successfully holding $100,000 support would boost Bitcoin’s returning bullish momentum, potentially triggering a surge that would see the flagship cryptocurrency establish a new all-time high.

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Other articles published on May 09, 2025