Key Takeaways:
- Abraxas Capital acquired over 2,900 BTC (~$250M) in a four-day span, with a $45M buy from Binance on April 18.
- Strategy, led by Michael Saylor, recently purchased $285M in Bitcoin at an average of $82,618 per BTC.
- Whale accumulation exceeds 300% of Bitcoin’s annual issuance, even as exchange reserves hit historic lows.
Major firms and high-net-worth investors are continuing to accumulate Bitcoin, despite recent market volatility and global trade uncertainties.
Notably, Abraxas Capital, a London-based investment firm, acquired 2,949 BTC—worth over $250 million—over a four-day span leading up to April 19.
Whales/Institutions continue to accumulate $BTC!
— Lookonchain (@lookonchain) April 19, 2025
Abraxas Capital related wallet withdrew another 505 $BTC($42.64M) from #Binance 9 hours ago.
This wallet has withdrawn 2,949 $BTC($250M) from exchanges in the past 4 days.https://t.co/1SwIOPCivI pic.twitter.com/SoOmlCpITQ
On April 18, the firm reportedly purchased $45 million in Bitcoin from Binance, according to Lookonchain, referencing data from Arkham Intelligence.
This significant purchase follows a similar move by Michael Saylor’s Strategy, which recently acquired $285 million worth of Bitcoin at an average price of $82,618 per BTC.
These high-profile acquisitions highlight sustained optimism among major holders, even amidst global tariff concerns.
Meanwhile, Bitcoin whales are absorbing more than 300% of the asset’s annual issuance, while exchange reserves continue to fall at a historic rate.
Though accumulation remains strong, analysts warn of potential short-term volatility, particularly from medium-term holders—investors who typically hold BTC for three to six months.
Despite this, the overall sentiment remains bullish heading into the Easter weekend.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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