Large investors and institutions are ramping up their Bitcoin acquisitions, with Strategy’s co-founder Michael Saylor hinting at yet another major Bitcoin purchase, potentially set to be revealed on Monday.
On April 27, just a week after Strategy bought $555 million worth of Bitcoin at an average price of $84,785 per coin, Saylor posted: “Stay Humble. Stack Sats.” The cryptic message sparked speculation about the size of their next buy.
Popular blockchain analyst RunnerXBT suggested the upcoming investment could fall between $1.4 billion and $1.6 billion — nearly triple the size of Strategy’s most recent purchase.
Currently, Strategy holds over 538,200 Bitcoins, valued at more than $50.5 billion, making it the largest corporate Bitcoin holder globally, according to Bitbo data.
Strategy’s approach to Bitcoin has influenced other companies too. Notably, Japan’s Metaplanet surpassed 5,000 Bitcoin holdings on April 24, as part of its mission to spearhead Bitcoin adoption in Asia.
Whales push Bitcoin higher as ETFs bring in $3 billion
Meanwhile, Bitcoin whales — investors with large Bitcoin holdings — are aggressively stacking more coins while prices stay under the $100,000 psychological threshold.
Wallets containing at least $1 million worth of Bitcoin have been on the rise since early April, climbing from 124,000 on April 7 to over 137,600 by April 26, according to Glassnode.
This surge in whale activity has supported Bitcoin’s climb back above $94,000, noted Nexo dispatch analyst Iliya Kalchev. He added:
“Wallets holding over 10,000 BTC are accumulating heavily, showing a trend score of 0.90, while retail investors are increasingly leaning toward long-term holding.”
Kalchev also mentioned that global market sentiment is cautiously optimistic, with the U.S. and China reportedly discussing trade adjustments, though markets are still waiting for concrete outcomes.
Additionally, U.S. spot Bitcoin ETFs have significantly boosted Bitcoin’s momentum. Over the past week, they pulled in more than $3 billion in net inflows, marking their second-largest week since launching, according to Farside Investors.
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