Whales are actively accumulating Bitcoin (BTC), Michael Saylor hints at a new round of purchases.

Source: Cointelegraph Original: "Whales Actively Accumulate Bitcoin (BTC), Michael Saylor Hints at New Round of Purchases"

Whales and large institutions continue to actively accumulate Bitcoin (BTC), and Strategy suggests that a new round of Bitcoin investment will be announced on Monday.

Michael Saylor, co-founder of Strategy, hinted at a new round of Bitcoin investment on April 27. Just a week prior, the company purchased Bitcoin worth $555 million at an average price of $84,785 per coin.

"Stay humble, keep stacking coins," Saylor wrote, sparking speculation among investors about the size of the company's next Bitcoin investment.

Well-known blockchain analyst RunnerXBT predicts that Saylor's announcement states: "I believe the range is between $1.4 billion and $1.6 billion," which will be three times the scale of the last round of investment in Strategy.

According to Bitbo data, Strategy is the world's largest corporate Bitcoin holder, possessing over 538,200 Bitcoins, valued at over $50.5 billion.

The company's investment philosophy has inspired other companies to adopt Bitcoin, including the Japanese investment firm Metaplanet. The firm broke through a holding of 5,000 BTC on April 24 and is committed to leading Bitcoin adoption in the Asia region.

Whales (i.e., large Bitcoin investors) continue to accumulate Bitcoin below the psychological threshold of $100,000.

According to Glassnode data, the number of whale wallets holding at least 1 million USD worth of Bitcoin increased from 124,000 on April 7 to over 137,600 on April 26, restarting the accumulation mode.

Nexo analyst Iliya Kalchev told Cointelegraph that the active accumulation by whales has pushed the price of Bitcoin back above $94,000, adding that:

"Wallets holding more than 10,000 BTC have been actively accumulating, with a trend score of 0.90, while small investors are also shifting towards long-term holding strategies."

"Trump confirmed that negotiations with China are still ongoing, with China proposing exemptions on certain U.S. imports, indicating a shift toward a more conciliatory stance. However, the market is still waiting for substantial actions to reassess global risks," he added.

The inflow of funds into Bitcoin exchange-traded funds (ETFs) has also driven a nearly 12% weekly rebound in Bitcoin.

According to data from Farside Investors, the US spot Bitcoin ETF recorded over $3 billion in cumulative net inflows in the past week, marking the second highest weekly investment scale since its launch.

Related recommendations: Bitcoin (BTC) price shows a "40% discount", while weekly buying amount of Bitcoin spot ETF skyrocketed to $3 billion.