David Bailey explains why Nakamoto would sell bitcoin
Nakamoto CEO David Bailey has explained the circumstances under which he would sell his treasury of bitcoin.
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Nakamoto CEO David Bailey has explained the circumstances under which he would sell his treasury of bitcoin.
Tether-backed Twenty One's plan to acquire over 42,000 BTC sounds not unlike Michael Saylor's leveraged BTC acquisition strategy.
As centralized entities continue to amass bitcoin (BTC), just two corporations now hold more than Satoshi Nakamoto.
Looking at a chart of BTC when MicroStrategy was buying last week, skeptics think Michael Saylor paid nearly the worst price possible.
If its finances get much worse or BTC keeps sliding, MicroStrategy could be looking at possibly selling some of its coins by next year.
As BTC crashed below the price at which Michael Saylor suggested selling a kidney, he reminded us that its price never declines in BTC terms.
MicroStrategy didn’t buy any BTC last week. Not only that, MSTR shareholders don’t even own the company’s BTC.
MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.
In addition to applauding Gamestop, Saylor promised to burn his private keys and “make everyone in the network richer and more powerful.”
The cost basis of Strategy's bitcoin purchases has steadily risen over time, yet the price of bitcoin itself is on the decline.