According to Lookonchain, BlackRock has purchased an additional 5,613 BTC valued at $529.5 million, bringing its total Bitcoin holdings to 620,252 BTC worth $58.51 billion as of May 6, 2025 (source: x.com/lookonchain/status/1919763117694976147). Since April 21, BlackRock has accumulated 47,064 BTC totaling $4.44 billion. This aggressive acquisition signals strong institutional confidence in Bitcoin, potentially pressuring supply and supporting upward price momentum. Traders should closely monitor BlackRock's activity as continued accumulation by major institutions can strengthen bullish sentiment and increase market volatility.

According to Lookonchain, MicroStrategy (@Strategy) purchased an additional 1,895 BTC worth $180.34 million last week at an average price of $95,167. The company now holds a total of 555,450 BTC, valued at approximately $52.35 billion, with an average buying price of $68,550. This positions MicroStrategy with an unrealized profit of $14.28 billion. Traders may interpret this continued accumulation by a key institutional investor as a bullish signal for Bitcoin’s medium-term price stability and upward momentum. Source: Lookonchain via Twitter (May 5, 2025).