MicroStrategy seems to be one of the consistent institutional investors in the Bitcoin space. This firm has consistently increased its Bitcoin holding over time and has never sold for a long time. I don't consider Telsa a reliable Bitcoin investor because of their inconsistency. Elon Musk once announced that they would never sell their Bitcoin but the firm later published that it has sold some of its coins. Considering the approval of Spot Bitcoin ETF it will be difficult to predict Bitcoin investors for this year because more institutions are showing more interest in the sector.

The impact can be positive and also negative. Buying more Bitcoin will increase the demand thereby causing a price increase. But these institutions can also influence the market when they sell their hodling which might make the price drop. However, institutional investors also increase Bitcoin awareness and adoption.