Bitcoin price maintained its position above $118,000 as two major corporations, Metaplanet and Smarter Web Company, announced significant additions to their Bitcoin treasury holdings, highlighting the growing trend of institutional Bitcoin adoption.

Metaplanet, now the sixth-largest corporate Bitcoin holder, acquired 518 BTC at an average price of $118,519 per coin, representing a total investment of approximately $61.4 million. The Tokyo-based investment company’s latest purchase brings its total holdings to 18,113 BTC, with an average purchase price of $101,911 per Bitcoin.

The company’s Bitcoin-related metrics show impressive growth, with its BTC Yield – a key performance…

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