Whales and large institutions continue their aggressive Bitcoin accumulation, with Strategy hinting at another Bitcoin investment that may be announced on Monday. Strategy co-founder Michael Saylor hinted at another imminent Bitcoin ( BTC ) investment on April 27, a week after the firm acquired $555 million worth of Bitcoin at an average price of $84,785 per coin. “Stay Humble. Stack Sats,” Saylor wrote, spurring investor speculation of the size of the firm’s next Bitcoin investment. Source: Michael Saylor “1.4-1.6b range imo,” wrote popular blockchain analyst RunnerXBT in anticipation of Saylor’s announcement, which would make it three times as large as Strategy’s previous investment. Related: Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back Strategy is the world’s largest corporate Bitcoin holder with over 538,200 Bitcoin worth over $50.5 billion, Bitbo data shows. The 10 largest Bitcoin holding companies. Source: Bitbo The firm’s investment philosophy inspired other companies to adopt Bitcoin, including Japanese investment firm Metaplanet , which surpassed 5,000 BTC holdings on April 24, in an effort to lead Bitcoin adoption in Asia. Related: Trump fought the bond market, the bond market won: Saifedean Ammous ETFs log $3 billion, and whales aggressively accumulate Bitcoin Whales, or large Bitcoin investors, are also accumulating Bitcoin under the $100,000 psychological mark. Whale wallets holding at least $1 million worth of Bitcoin restarted their accumulation at the beginning of April, increasing from 124,000 wallets on April 7 to over 137,600 wallets on April 26, Glassnode data shows. Bitcoin addresses with over $1 million balance. Source: Glassnode The aggressive whale accumulation helped Bitcoin’s recovery to above $94,000, Nexo dispatch analyst Iliya Kalchev told Cointelegraph, adding: “Wallets holding over 10,000 BTC have been aggressively accumulating, with a trend score of 0.90, while smaller investors are also pivoting toward long-term holding.” “Trump confirmed discussions with China are ongoing, with Beijing offering exemptions on select US imports, suggesting a softening tone. Still, markets are awaiting tangible action before re-rating global risk,” he added. Bitcoin exchange-traded fund (ETF) inflows have also contributed to Bitcoin’s near 12% weekly recovery. Bitcoin ETF Flow, USD, million. Source: Farside Investors US spot Bitcoin ETFs recorded over $3 billion worth of cumulative net inflows during the past week, marking their second-highest week of investments since launching, Farside Investors data shows. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8
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