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Strategy co-founder Micheal Saylor has hinted at another Bitcoin purchase for the firm as demand from US spot BTC ETFs (exchange-traded funds) dwarfed Bitcoin miner output last week.
That’s as the Bitcoin price dropped over 1% in the last 24 hours to trade at $94,646.88 as of 1:10 a.m. EST, CoinMarketCap data shows. Despite the retracement, the leading crypto is still up more than 13% over the past 30 days.
Saylor Hints At Impending Strategy Bitcoin Buy After Firm’s Q1 Earnings Call
Saylor once again posted a snapshot of the SaylorTracker chart on X yesterday. With the caption, “Too much blue, not enough orange,” this is the fourth consecutive week the Strategy co-founder has posted the chart on his profile. The past posts were all followed by announcements of large Bitcoin purchases.
Too much blue, not enough orange. pic.twitter.com/s1L6tWfC14
— Michael Saylor (@saylor) May 4, 2025
Saylor’s recent post comes after Strategy’s Q1 2025 earnings call. During the call, the company reported that it has acquired 61,497 BTC this year so far. Strategy also revealed that it will double its capital raise plan to finance more Bitcoin purchases.
Bitcoin ETFs Buy 6X More Than The Number Of BTC Miners Produced Last Week
Saylor and Strategy are not alone in their aggressive Bitcoin accumulation. US spot BTC ETFs bought nearly 6 times as many Bitcoins as were produced by miners last week.
Collectively, the ETFs bought 18,644 BTC over the past week, while miners only produced 3,150 BTC during the same period, according to HODL15Capital.
U.S. 🇺🇸 Bitcoin ETFs bought 18,644 Bitcoin last week vs. 3,150 mined 👇 pic.twitter.com/hTcUWECGr6
— HODL15Capital 🇺🇸 (@HODL15Capital) May 4, 2025
Data from Farside Investors shows the US-based spot BTC ETFs recorded around $1.8 billion in net inflows last week. New capital entered the funds every day except April 30, when the funds posted $56.3 million net daily outflows. BlackRock’s IBIT recorded the lion’s share of the inflows last week.
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