Michael Saylor suggests a potential new approach for another bitcoin purchase, as demand for Bitcoin ETF dramatically outweighs the mining production.
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Strategy co-founder Michael Saylor has dropped another hint that the company might be gearing up for yet another Bitcoin buy (aka "orange" according to SaylorTracker).
Saylor's latest post, featuring a graph, read, "Too much blue, not enough orange," – a fourth consecutive week he's used this caption to post a chart. In the past, these posts have usually been followed by big Bitcoin purchases, leaving fans on the edge of their seats.
Strategy's Q1 2025 earnings call revealed that the firm already has 61,497 BTC in its wallet this year. With plans to double its capital raise for more Bitcoin, these insatiable Bitcoin hounds don't seem to want to stop anytime soon.
But Saylor and Strategy aren't the only ones cheerleadin' Bitcoin these days! US spot ETFs have been raking it in, buyin' an astounding 18,644 BTC last week – compared to just 3,150 BTC mined during the same period. That's almost 6x the number of Bitcoins mined by the prolific diggers!
Data from HODL15Capital shows that US-based ETFs faced massive inflows, clockin' in at around $1.8 billion[4] across five trading days – with BlackRock's IBIT takin' a whopping $2.48 billion, includin' a whoppin' $674.9 million on May 2[4].
Ain't that a wild ride? It looks like the Bitcoin market is on FIRE, with demand from ETFs dwarfin' miner output. Now then, if you want to join the digital gold rush, be sure to check out Best Wallet – the wallet to rule 'em all!
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References:- [1] Fortune.com- [2] Bloomberg- [3] CoinMarketCap- [4] CoinDesk- [5] The Block- [6] Best Wallet
- To stay updated on the latest crypto news, consider joining our Telegram channel, as CEO Michael Saylor of Strategy recently hinted at a possible new Bitcoin purchase.
- Interestingly, US spot ETFs have been aggressively investing in Bitcoin, purchasing an impressive 18,644 BTC last week, which is nearly 6x the amount mined during the same period.
- You can monitor this trend more closely with tools like CoinMarketCap, ensuring you won't miss out on the digital gold rush.
- If you're ready to join the excitement and supercharge your crypto journey, sign up for Best Wallet's feature-rich wallet, available now.
