$810 Million Bitcoin Long Whale Doubles Down on His BTC Bet: Details

Prominent Trader Holds $809 Million Bitcoin Long, Refuses to Sell

The Bitcoin Historian account (@pete_rizzo_) shared a screenshot of a tweet from prominent trader James Wynn, revealing his massive $809 million leveraged Bitcoin long position.

In his tweet, Wynn made his stance clear: "I ain't selling. I'm buying into them. Position value now $809m." He emphasized that the market is unfolding exactly as he anticipated.

Wynn is no stranger to bold predictions. Known for his high-stakes bets on meme coins, he accurately forecasted PEPE's rise to a $4.2 billion market cap in 2023. The coin has since surpassed $6 billion after starting at just $4.2 million when he made his call.

His latest Bitcoin move comes as the cryptocurrency dipped from its recent all-time high near $112,000. While many investors took profits, Wynn remains confident in an impending reversal and continued upward trajectory.

Saylor Remains Bullish on Bitcoin, Announces $2.1 Billion Fundraising

Michael Saylor, MicroStrategy's co-founder and executive chairman, reaffirmed his long-term bullish stance on Bitcoin with a cryptic tweet: "There are no tariffs on Bitcoin." This appears to reference recent market pressures that pulled BTC from its peak.

Traders are now watching for macroeconomic indicators that could fuel Bitcoin's next rally, similar to the recent U.S.-China trade tariff agreement that previously boosted markets.

On Thursday, Saylor revealed his company (now rebranded as Strategy) plans to raise $2.1 billion through preferred stock sales (STRF) to further expand its Bitcoin holdings. The firm recently purchased nearly $2 billion worth of BTC, bringing its total stash to 576,230 coins valued at over $63 billion.