Bitcoin hits ~$77K amid ETF inflows
- Bitcoin traded near $77,500 on Sunday, April 26, after climbing from about $71,900 on April 7 as U.S. spot Bitcoin exchange-traded funds drew fresh demand and traders headed into Bitcoin 2026 week. - Michael Saylor’s Strategy disclosed on April 20 that it bought 34,164 Bitcoin for $2.54 billion, lifting its holdings to 815,061 Bitcoin, while BlackRock’s IBIT took in $871 million the prior week. - Bitcoin 2026 opens in Las Vegas on April 27, adding a high-profile backdrop to a market already driven by ETF buying and corporate accumulation. (strategy.com)
Bitcoin was trading around $77,500 on Sunday, April 26, after a two-week climb that coincided with fresh U.S. spot Bitcoin fund inflows. (tradingeconomics.com) (coingecko.com) CoinGecko’s historical data shows Bitcoin closed at $71,976 on April 7 and $77,619 on April 25. CoinMarketCap’s daily data shows a similar move, with Bitcoin closing at $77,612 on April 25. (coingecko.com) (coinmarketcap.com) A big part of the buying came through U.S. spot Bitcoin exchange-traded funds, which let investors buy stock-market funds that hold Bitcoin instead of buying coins directly. Farside’s flow table shows BlackRock’s iShares Bitcoin Trust, or IBIT, absorbed hundreds of millions of dollars on multiple April trading days. (farside.co.uk) For the week covered in Forbes’ April 21 report, IBIT took in $871 million even as Bitcoin dipped toward $71,000 during Middle East tensions. That made BlackRock’s fund the largest single engine of inflows in that stretch. (forbes.com) (farside.co.uk) The other supply story came from Michael Saylor’s company, Strategy, formerly MicroStrategy. In an April 20 filing, the company said it bought 34,164 Bitcoin for about $2.54 billion at an average price of $74,395 per coin. (strategy.com) Strategy said that purchase lifted its total holdings to 815,061 Bitcoin. Its public purchases page shows the company had also bought 13,927 Bitcoin on April 13 and 4,871 Bitcoin on April 6, extending a run of weekly accumulation in April. (strategy.com 1) (strategy.com 2) That matters in Bitcoin because only 21 million coins will ever exist, so large fund inflows and corporate treasury buying can tighten the amount available for sale. Traders often watch that balance between new demand and available supply more closely than conference headlines. (strategy.com) (farside.co.uk) The conference backdrop is real, though. Bitcoin 2026 opens in Las Vegas on April 27 and runs through April 29, according to the event site, bringing executives, developers and investors into a market that has already been moving higher. (2026.b.tc) By Sunday, the cleaner version of the story was narrower than the social-media chatter: Bitcoin was near $77,500, BlackRock’s IBIT had posted heavy April inflows, and Strategy had just disclosed a $2.54 billion purchase. (tradingeconomics.com) (forbes.com) (strategy.com)
