Source: Cointelegraph
Original: “Whales Actively Accumulate Bitcoin (BTC), Michael Saylor Hints at New Round of Purchases”
Whales and large institutions continue to actively accumulate Bitcoin (BTC), with Strategy hinting at a new round of Bitcoin investments to be announced on Monday.
Michael Saylor, co-founder of Strategy, hinted at a new round of Bitcoin investments on April 27. Just a week prior, the company purchased $555 million worth of Bitcoin at an average price of $84,785 each.
“Stay humble, keep stacking,” Saylor wrote, sparking speculation among investors about the scale of the company’s next round of Bitcoin investments.
Notable blockchain analyst RunnerXBT predicted that Saylor's announcement indicates, “I think it will be in the range of $1.4 billion to $1.6 billion,” which would be three times the scale of Strategy's previous investment.
According to Bitbo data, Strategy is the largest corporate holder of Bitcoin globally, owning over 538,200 Bitcoins, valued at over $50.5 billion.
The company’s investment philosophy has inspired other firms to adopt Bitcoin, including Japanese investment company Metaplanet. The company surpassed 5,000 BTC holdings on April 24, aiming to lead Bitcoin adoption in the Asian region.
Whales (i.e., large Bitcoin investors) continue to accumulate Bitcoin below the psychological threshold of $100,000.
According to Glassnode data, the number of whale wallets holding at least $1 million in Bitcoin increased from 124,000 on April 7 to over 137,600 on April 26, restarting the accumulation mode.
Nexo analyst Iliya Kalchev told Cointelegraph that the aggressive accumulation by whales has helped push Bitcoin prices back above $94,000, adding:
“Wallets holding more than 10,000 BTC have been actively accumulating, with a trend score of 0.90, while smaller investors are also shifting to long-term holding strategies.”
“Trump confirmed that negotiations with China are still ongoing, with China proposing exemptions for certain U.S. imported goods, indicating a more conciliatory attitude. However, the market is still waiting for substantial actions to reassess global risks,” he added.
The inflow of funds into Bitcoin exchange-traded funds (ETFs) has also driven a nearly 12% weekly rebound in Bitcoin.
According to Farside Investors data, U.S. spot Bitcoin ETFs recorded over $3 billion in cumulative net inflows over the past week, marking the second-highest single-week investment scale since their launch.
Related: Bitcoin (BTC) price shows a “40% discount,” while weekly purchases of Bitcoin spot ETFs surge to $3 billion.
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