PakGazette: Michael Saylor, who founded MicroStrategy and heads it first as CEO and now as Executive Chairman, has published a major X post on spot ETFs.
‘Probably nothing,’ Saylor comments on daily Bitcoin ETF inflows
Saylor drew the attention of the crypto community to the recent daily inflows into Bitcoin exchange-traded funds (ETFs). To achieve this, the head of MicroStrategy reposted a tweet from another X user, featuring “15 consecutive days of US Bitcoin ETF inflows.”
Those receipts comprise hundreds of millions of US dollars. The smallest amounted to $103 million on November 27. The largest amounted to $766.66 million on December 5. The most recent entry that appears in the screenshot table was recorded on November 18 and was $275.39 million.
“Probably nothing,” Michael Saylor tweeted. 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 daily.
Saylor Highlights Hut8’s Big Bitcoin Purchase
In another
The miner acquired this batch of BTC for approximately $100 million, paying approximately $101,710 per coin on average. Like Saylor’s company, Hut8 is building its own strategic Bitcoin reserve which, after this new acquisition, constitutes more than 10,000 BTC worth approximately $1 billion as of December 18.
