Michael Saylor hints at Bitcoin purchase as whales stack aggressively
Whales and large institutions are aggressively accumulating Bitcoin, with Strategy co-founder Michael Saylor hinting at a new investment announcement. Strategy recently acquired $555 million in Bitcoin at an average price of $84,785 per coin. Anticipation surrounds a potential investment in the range of $1.4 to $1.6 billion, which would triple their previous purchase. Strategy holds over 538,200 Bitcoin, valued at over $50.5 billion, influencing other firms like Metaplanet to increase their Bitcoin holdings. Whale wallets, containing at least $1 million in Bitcoin, have increased from 124,000 to over 137,600 since early April. This accumulation has contributed to Bitcoin's recovery above $94,000. Additionally, US spot Bitcoin ETFs saw over $3 billion in net inflows, marking significant investment activity.
