Bitcoin investments by institutions are receiving renewed attention due to recent large-scale investments that stimulate overall positivity about crypto. BlackRock and Strategy bought massive Bitcoin amounts, which made BTC reach its second highest price in 2023.

Strategy chair Michael Saylor announced on April 28 that the company invested $1.42 billion to purchase 15,355 more Bitcoins. Strategy has acquired 553,555 Bitcoins through nine total buys, purchasing these at an average cost of $68,459 per coin.

The company spent $37.9 billion to boost its Bitcoin holdings and now they hold an investment worth $52.5 billion.

BlackRock, Strategy Fuel Bitcoin Surge With Massive Accumulations

BlackRock’s IBIT Records Nearly $1B Daily Inflow

On that day, iShares Bitcoin Trust (IBIT) received $970.9 million in money flows to its Bitcoin investment platform. IBIT has collected $42.2 billion from investors since launching in January 2024, making it the premier spot Bitcoin ETF on the market.

BTC investment products collected $591.3 million, even though other funds like ARKB, FBTC, GBTC, BITB, and HODL withdrew money from these products. Since the start, all BTC investment products have received a combined total of $39 billion in new investments.

Arkham demonstrates that BlackRock holds 582,614 BTC worth $55.17 billion, surpassing Strategy’s total Bitcoin holdings.

While major institutions acquired Bitcoin, it hit the price level last seen in late February. The cryptocurrency shows renewed market confidence as it trades just under its previous high point of $94,900.

Altcoin Optimism Builds Amid Bitcoin ETF Inflows

According to CoinMarketCap data, the global crypto market capitalization grew by 0.25% and reached $2.97 trillion. Investors are moving into new crypto tokens and popular memecoins because social network discussions indicate we may enter an “altseason” period.

According to market research by Santiment company, excessive attention from retail investors usually marks the end of crypto market upswings, but not the start of new growth. Markets typically reverse directions after retail investors broadcast their predictions, according to Santiment analysts.

BlackRock, Strategy Fuel Bitcoin Surge With Massive Accumulations

The market received positive boosts after Bitcoin ETFs recorded a $3 billion fund inflow due to U.S. President Donald Trump’s suggestion of easing China trade tensions and his promise to reduce the corporate tax rate.

Professional market participants say investors should exercise patience despite market excitement today. Major market players are entering now and retail investors are growing passionate about Bitcoin, which may define its future in the crypto markets.