- Strategy co-founder Michael Saylor hints at new Bitcoin investment announcement potentially coming Monday, following last week’s $555 million purchase.
- Bitcoin whales and large holders are aggressively accumulating, with addresses holding over $1 million in BTC increasing from 124,000 to 137,600 between April 7-26.
- US spot Bitcoin ETFs recorded over $3 billion in net inflows during the past week, their second-highest weekly investment total since launch.
Institutional investors and wealthy Bitcoin holders continue their aggressive accumulation of the cryptocurrency, with Strategy co-founder Michael Saylor signaling another potential Bitcoin purchase that may be announced Monday. This comes just one week after the firm acquired $555 million worth of Bitcoin at an average price of $84,785 per coin.
Saylor fueled speculation about the company’s next move on April 27 with a simple message on social media: "Stay Humble. Stack Sats," as shared on his X account. The cryptic post prompted market analysts to predict the size of Strategy’s upcoming investment, with blockchain analyst RunnerXBT suggesting it could fall in the "$1.4-1.6b range," potentially tripling the firm’s previous investment.
Strategy currently stands as the world’s largest corporate Bitcoin holder, controlling over 538,200 Bitcoin worth approximately $50.5 billion, according to Bitbo data. Their investment approach has inspired other companies to adopt Bitcoin, including Japanese investment firm Metaplanet, which recently surpassed 5,000 BTC holdings in its effort to lead Bitcoin adoption across Asia.
Whale Accumulation Driving Bitcoin Recovery
Large Bitcoin investors, commonly known as "whales," have been steadily accumulating Bitcoin while the price remains below the $100,000 psychological threshold. According to Glassnode data, wallet addresses holding at least $1 million worth of Bitcoin have increased substantially, growing from 124,000 on April 7 to over 137,600 by April 26.
Iliya Kalchev, Nexo dispatch analyst, told Cointelegraph that this aggressive whale accumulation has helped Bitcoin recover to above $94,000. "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," Kalchev explained.
ETF Inflows Contributing to Bitcoin’s Recovery
Bitcoin’s nearly 12% weekly recovery has also been bolstered by significant inflows into US spot Bitcoin exchange-traded funds (ETFs). According to Farside Investors data, these ETFs recorded over $3 billion worth of cumulative net inflows during the past week, marking their second-highest week of investments since launching.
Kalchev also noted ongoing macroeconomic factors potentially influencing the crypto market: "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."
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