Bitcoin Accumulation and Institutional Interest Surge
- Strategy, led by Michael Saylor, acquired $76.6 million worth of Bitcoin, bringing its total to approximately 762,099 BTC.
- This acquisition represents roughly 3.5% of the entire Bitcoin supply.
- Bernstein forecasts Bitcoin reaching $150,000, citing increased inflows into BTC spot ETFs and corporate demand.
- Bitcoin spot ETFs have attracted $1.6 billion in net inflows since March began.
- Morgan Stanley has updated its SEC filing for a US Bitcoin spot ETF, indicating potential progress towards launch.
The recent purchase by Strategy underscores growing institutional interest in Bitcoin as both corporate buyers and ETFs continue to accumulate the cryptocurrency at significant rates.
With Strategy’s substantial holdings and increasing ETF inflows, Bernstein’s bold price target reflects confidence in Bitcoin’s upward trajectory amid rising institutional demand. (Source)
