U.Today – Michael Saylor, who founded MicroStrategy and spearheads it first as the CEO and now as an executive chairman, has published an important X post about Bitcoin spot ETFs.
“Probably nothing,” Saylor comments on daily Bitcoin ETF inflows
Saylor drew the crypto community’s attention to the recent daily inflows into Bitcoin exchange-traded funds (ETFs). To achieve that, the head of MicroStrategy reposted a tweet by another X user, which features “15 consecutive days of inflows for U.S. Bitcoin ETFs.”
Those inflows comprise hundreds of millions of US dollars. The smallest one constituted $103 million on November 27. The largest one comprised $766.66 million on December 5. The most recent inflow featured in the table on the screenshot was registered on November 18 and was $275.39 million.
“Probably nothing,” Michael Saylor tweeted. The Bitcoin ETFs were approved for trading in January this year. Since then, more than a dozen Bitcoin funds entered the market and began accumulating BTC on a daily basis.
Saylor highlights Hut8’s big Bitcoin purchase
In another X post published today, the head of MicroStrategy shared the news about crypto mining company Hut8 making a purchase of a substantial crypto chunk – 990 Bitcoins.
The miner has acquired this BTC batch for approximately $100 million, paying roughly $101,710 per coin on average. Similar to Saylor’s company, Hut8 is building up its own strategic Bitcoin reserve which after this new acquisition constitutes more than 10,000 BTC worth approximately $1 billion as of December 18.
This article was originally published on U.Today
