Institutional investor Metaplanet has made a significant move, investing $28 million in Bitcoin. This purchase signifies growing confidence from financial institutions in the cryptocurrency market. Following this investment, Bitcoin’s price has surged past the $87,000 mark, further demonstrating a broader trend of institutional adoption in the crypto space. Experts believe Metaplanet’s investment, and similar moves by other large players, reflects a growing belief that Bitcoin can serve as both a store of value and a hedge against inflation. This influx of capital from established firms signals a shift in perception towards cryptocurrencies, paving the way for mainstream acceptance within traditional finance.