$BTC Bitcoin (BTC) has been making headlines recently due to significant institutional activity and market movements. Here's a concise roundup of the latest news as of May 6, 2025:
- **Strategy's Bitcoin Accumulation**: Strategy (formerly MicroStrategy) disclosed purchasing 6,556 BTC between April 28 and May 4 at an average price of $95,167 per coin, bringing its total holdings to 555,450 BTC, valued at approximately $52 billion at current prices around $94,000. This follows a $180.3 million purchase of 1,895 BTC the prior week, reflecting a slower but steady buying pace as BTC prices edged toward $100,000. Strategy’s aggressive buying is part of its 42/42 Plan to raise $84 billion for further BTC acquisitions, with 107,155 BTC bought in 2025 alone. However, its shares dipped 2.7% in pre-market trading.
- **Institutional and ETF Inflows**: BlackRock’s iShares Bitcoin Trust (IBIT) now holds 607,685.5 BTC, worth over $57.16 billion, with significant inflows of $970.9 million on April 28, marking its second-largest daily inflow since January 2024. U.S. Bitcoin ETFs collectively bought 18,644 BTC last week, six times the 3,150 BTC mined, signaling strong institutional demand. BlackRock also holds over $5 billion in Bitcoin-related stocks, with $4.23 billion in Strategy alone.
- **Market Dynamics**: Bitcoin’s price has stabilized around $94,000-$95,000 after hitting a six-week high of $97,700 on May 2. Analysts note a support zone between $91,500 and $92,000, with the $100,000 mark in sight if momentum persists. The price is driven more by ETF inflows than blockchain usage, with low volatility (a 563-day low) indicating BTC’s growing maturity as a financial asset. However, a U.S. economic contraction (0.3% annualized in Q1) and weak jobs data (62,000 jobs added in April) sparked recession fears, briefly pushing BTC below $95,000.
- **Other Corporate Moves**: Semler Scientific, a U.S. healthtech firm, acquired 167 BTC for $16.2 million between April 30 and May 2, a 50% increase from its prior purchase.
- **Sentiment and Forecasts**: Posts on X reflect bullish sentiment, with some claiming Bitcoin has decoupled from the Nasdaq, fueling rally hopes. Analysts predict BTC could hit $200,000 by 2029 in a base case, or even $1 million by 2028 if institutional and governmental adoption accelerates. However, BitMEX co-founder Arthur Hayes doubts U.S. government BTC purchases due to political optics.
- **Market Context**: Bitcoin’s market cap is $1.9 trillion, ranking it the seventh-largest global asset. Its recent price action shows resilience despite economic headwinds, with active addresses at a six-month high.
For real-time updates, you can follow posts on X or check sources like CoinDesk, Cointelegraph, or TradingView News. If you want me to dig deeper into any specific angle, let me know!