Saylor Buys $2B in Bitcoin, BlackRock Records $450M Outflows
Strategy Inc., under the leadership of Michael Saylor, acquired 24,869 Bitcoin for a total of $2.01 billion, averaging $80,985 per coin, which raises their overall holdings to 843,738 BTC. This purchase was financed through STRC at-the-market offerings, generating over $2 billion in just four trading days. Year-to-date, the firm has achieved a BTC yield of 12.6% and now holds about 4% of the total Bitcoin supply. On another note, BlackRock's iShares Bitcoin Trust (IBIT) experienced significant redemptions on May 18, with net withdrawals nearing $448 million. Arkham's on-chain data indicated that BlackRock transferred 5,847 BTC (worth $449.5 million) in several transactions, attributed to internal fund management. Additionally, whale wallets with 100 BTC or more have risen by 11% year-over-year, reflecting accumulation by major investors despite ETF outflows. The $75,000 mark has emerged as a vital support level, with Bitcoin breaking above $74,267, showing a double bottom pattern.
Key facts
- Strategy Inc. bought 24,869 BTC for $2.01 billion at $80,985 per coin.
- Strategy now holds 843,738 BTC, acquired at an average price of $75,700 per coin.
- The purchase was funded by STRC at-the-market offerings, raising over $2 billion in four sessions.
- Strategy controls approximately 4% of Bitcoin's total supply of 21 million coins.
- BlackRock's IBIT recorded $448 million in net withdrawals on May 18, one of the largest single-day redemptions of the year.
- Arkham data shows BlackRock moved 5,847 BTC ($449.5 million) in multiple batches, primarily for operational mechanics.
- Bitcoin broke through resistance at $74,267, with a double bottom formation targeting $83,843.
- Whale wallets holding 100+ BTC have increased 11% year-over-year.
Entities
Institutions
- Strategy Inc.
- BlackRock
- iShares Bitcoin Trust (IBIT)
- Arkham
- NFT Plazas