Institutional Buying
Michael Saylor teased a 'big week' on social media, a hint many interpret as impending Bitcoin purchases. Markets are watching for confirmation that could affect BTC supply and price expectations.
ARK Invest increased crypto exposure amid a market dip, purchasing $5.8 million of BitMine stock and $2.9 million of Bullish shares. The moves point to renewed institutional interest in crypto-related equities.
Michael Saylor told CNBC Friday his firm remains committed to aggressively buying Bitcoin, denying rumors to the contrary. He made the comments after a sharp decline in BTC ($96,318.31) and MicroStrategy shares.
An institutional strategy reportedly acquired 487 BTC at approximately $102,000 per coin, bringing its total holdings to about 641,000 BTC. The move signals continued accumulation and could influence short-term liquidity in the Bitcoin market.
Strategy (Nasdaq: MSTR) added 487 BTC this week — just shy of $50 million — continuing its long-running accumulation. The buy reinforces the institutional narrative around bitcoin while offering retail investors multiple routes to exposure, including installment plans like the one at Bitlet.app.