Michael Saylor Hints at Another Bitcoin Purchase as Demand from US Spot BTC ETFs Dwarfs Bitcoin Miner Output Last Week

Michael Saylor, the founder of Strategy, has hinted at another Bitcoin purchase from the firm as demand from US spot BTC ETFs dwarfed Bitcoin miner output last week.

What Happened: Saylor took to X, formerly Twitter, to share a snapshot of the SaylorTracker chart. "Too much blue, not enough orange," the co-founder wrote in the post on Thursday.

This is the fourth consecutive week that Saylor has shared the chart on his profile. Each of the previous posts were followed by announcements of large Bitcoin purchases by Strategy.

Too much blue, not enough orange.

https://t.me/saylor_updates_channel

— Michael Saylor (@saylor) May 4, 2025

Saylor’s post comes after Strategy’s Q1 2025 earnings call. During the call, the company reported that it has acquired 61,497 BTC this year so far. Strategy also revealed that it will double its capital raise plan to finance more Bitcoin purchases.

Also Read: Michael Saylor Explains Why Bitcoin Price Could Soar To $100 Million In 2140

The company’s latest move to buy more Bitcoin comes as US spot BTC ETFs bought nearly 6 times as many Bitcoins as were produced by miners last week.

Collectively, the ETFs bought 18,644 BTC over the past week, while miners only produced 3,150 BTC during the same period, according to data from HODL15Capital.

U.S. 🇺🇸 Bitcoin ETFs bought 18,644 Bitcoin last week vs. 3,150 mined 👇

https://t.me/hodlopen

— HODL15Capital 🇺🇸 (@HODL15Capital) May 4, 2025

Data from Farside Investors shows the US-based spot BTC ETFs recorded around $1.8 billion in net inflows last week. New capital entered the funds every day except April 30, when the funds posted $56.3 million net daily outflows. BlackRock’s IBIT (ticker: IBIT) recorded the lion’s share of the inflows last week.