Michael Saylor, who founded MicroStrategy and spearheads it first as the CEO and now as an executive chairman, has published an important X post about Bitcoin spot ETFs.

"Probably nothing," Saylor comments on daily Bitcoin ETF inflows

Saylor drew the crypto community’s attention to the recent daily inflows into Bitcoin exchange-traded funds (ETFs). To achieve that, the head of MicroStrategy reposted a tweet by another X user, which features “15 consecutive days of inflows for U.S. Bitcoin ETFs.”

Those inflows comprise hundreds of millions of US dollars. The smallest one constituted $103 million on November 27. The largest one comprised $766.66 million on December 5. The most recent inflow featured in the table on the screenshot was registered on November 18 and was $275.39 million.

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Probably Nothing https://t.co/AWaQkBBJsj

Advertisement — Michael Saylor⚡️ (@saylor) December 19, 2024

“Probably nothing,” Michael Saylor tweeted. The Bitcoin ETFs were approved for trading in January this year. Since then, more than a dozen Bitcoin funds entered the market and began accumulating BTC on a daily basis.

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Saylor highlights Hut8's big Bitcoin purchase

In another X post published today, the head of MicroStrategy shared the news about crypto mining company Hut8 making a purchase of a substantial crypto chunk – 990 Bitcoins.

$HUT has purchased 990 Bitcoin. https://t.co/kNqVkn0W7I

— Michael Saylor⚡️ (@saylor) December 19, 2024

The miner has acquired this BTC batch for approximately $100 million, paying roughly $101,710 per coin on average. Similar to Saylor’s company, Hut8 is building up its own strategic Bitcoin reserve which after this new acquisition constitutes more than 10,000 BTC worth approximately $1 billion as of December 18.

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