Michael Saylor Suggests New Bitcoin Purchase as Whale Accumulation Grows

Michael Saylor, co-founder of Strategy, hinted at another Bitcoin investment on April 27, just one week after the firm purchased $555 million worth of Bitcoin at an average price of $84,785 per coin. His social media post "Stay Humble. Stack Sats" fueled speculation about the size of the company's next Bitcoin purchase.

Analyst RunnerXBT predicted the upcoming investment could reach "1.4-1.6b range," potentially making it three times larger than Strategy's previous acquisition. Strategy currently stands as the world's largest corporate Bitcoin holder with over 538,200 Bitcoin valued at more than $50.5 billion, according to Bitbo data.

Strategy's investment approach has influenced other companies to adopt Bitcoin. Japanese investment firm Metaplanet joined this trend, exceeding 5,000 BTC holdings on April 24 as part of its efforts to lead Bitcoin adoption across Asia.

Large Bitcoin investors, known as whales, have also increased their holdings while Bitcoin remains below the $100,000 mark. Whale wallets containing at least $1 million worth of Bitcoin grew from 124,000 on April 7 to over 137,600 by April 26, based on Glassnode data.

Nexo dispatch analyst Iliya Kalchev told Cointelegraph that this aggressive whale accumulation helped Bitcoin recover to above $94,000. Kalchev noted: "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."

US spot Bitcoin ETFs have contributed to Bitcoin's nearly 12% weekly recovery. These funds recorded over $3 billion in cumulative net inflows during the past week, representing their second-highest week of investments since launch, according to Farside Investors data.

Kalchev also mentioned ongoing discussions between Trump and China, with Beijing offering exemptions on select US imports, suggesting improved relations. However, markets await concrete actions before reassessing global risk.

This trend of institutional Bitcoin investment extends beyond Strategy. Riot Platforms recently secured a $100 million credit facility from Coinbase using part of its 19,223 BTC holdings as collateral. As the third-largest corporate Bitcoin treasury holder, Riot's loan will fund operations and growth with annual interest payments of at least 9%.