MicroStrategy’s Saylor Reenters the Market! Bitcoin Spot ETFs Attract Over $3 Billion in a Single Week, Optimistic Outlook for May
MicroStrategy Founder Michael Saylor Hints at Re-Entering Bitcoin Market
On April 27, Michael Saylor, the founder of MicroStrategy, hinted at re-entering the Bitcoin market on Twitter (X). Meanwhile, the number of Bitcoin whale wallets holding over $1 million has reached 137,600. Additionally, the net inflow of Bitcoin spot ETFs exceeded $3 billion in just one week, with positive market conditions anticipated in May.
Saylor’s Post Sparks Speculation of New Bitcoin Acquisition
Saylor posted on Twitter (X) on April 27, stating, “Stay humble, stack more Bitcoin.” It is widely believed that MicroStrategy will announce a new round of Bitcoin purchases on April 28.
Saylor once again hinted at entering the Bitcoin market
Just last week (April 21), MicroStrategy announced an additional purchase of $555 million at an average price of $84,785 per Bitcoin, solidifying its position as the leading corporate holder of Bitcoin globally.
Image showing MicroStrategy ranked first among the top ten Bitcoin-holding companies
Data shows that MicroStrategy:
- Has accumulated over 538,000 Bitcoins
- Total holding value exceeds $50.5 billion
Total Bitcoin holdings have reached 538,000, maintaining its position as the leader in corporate Bitcoin holdings globally.
Whales and Institutions Increase Holdings, May Market Anticipated
In addition to MicroStrategy, other whales and institutions are also taking action. According to Glassnode data, since early April, the number of wallet addresses holding at least $1 million in Bitcoin has increased from 124,000 on April 7 to 137,600 on April 26, indicating that large holders are continuing to accumulate BTC.
The number of wallet addresses holding $1 million in Bitcoin has reached 137,600
Notably, whales holding over 10,000 Bitcoins also show a trend of “aggressive buying,” with a Trend Score of 0.90. This reflects that even as the price approaches $100,000, many large holders are still entering the market at lower prices and shifting towards long-term holding.
Spot Bitcoin ETFs Attract $3 Billion Weekly, Supporting BTC Rebound
Besides the activities of large holders, the inflows into U.S. spot Bitcoin ETFs have also been robust. According to Farside Investors data, U.S. spot Bitcoin ETFs have recorded over $3 billion in net inflows in the past week, marking the second-highest weekly inflow since their launch. This has been a key factor in driving Bitcoin’s weekly increase of nearly 12%.
Image showing Bitcoin spot ETF weekly inflows exceeding $3 billion
Risk Warning
Investing in cryptocurrencies involves a high level of risk, and prices can be highly volatile, potentially resulting in the loss of your entire principal. Please assess the risks carefully.
