Home Bitcoin News Who Bought $1.6B in Bitcoin Wednesday, and Why? – CoinDesk

Who Bought $1.6B in Bitcoin Wednesday, and Why? – CoinDesk

1 min read
Comments Off on Who Bought $1.6B in Bitcoin Wednesday, and Why? – CoinDesk
106

Right here’s an instance, albeit on a much bigger scale, of how one agency dealt with a serious purchase of bitcoin: Final 12 months, when MicroStrategy bought $450 million in bitcoin, the corporate did so in smaller clips from Coinbase over the course of 5 months, not 5 minutes. Whereas the worth finally moved up over the course of these a number of months, every commerce didn’t trigger it to shoot up with the identical sort of ferocity seen this previous Wednesday, thus conserving CEO Michael Saylor’s prices from, properly, slipping away from him as he purchased.

Adblock test (Why?)


Source link

Load More Related Articles
Load More By admin
Load More In Bitcoin News
Comments are closed.

Check Also

Bitcoin 360 AI Evaluate – Rip-off or Legit? – Washington Metropolis Paper

Offering superior buying and selling capabilities, Bitcoin 360 AI positions itself as a cr…