5 companies invested $3 billion into bitcoin in the last few days
Strategy - $1.34 billion
Nakamoto - $710 million
Metaplanet - $200 million
GD culture - $300 million
Twenty One - $458 million
Discussion
Nakamoto has yet to purchase and XXI didn’t buy the $428m this week, Tether did.
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And the price doesn’t even budge?
Honestly, this math doesn’t make any sense. There are 450 new bitcoin minted in a day. In a perfect scenario, they’d be able to purchase $250 million worth of Bitcoin based on what is minted. That means they have to purchase 2.75 billion from existing holders. This should make the price move higher than it has.
I don’t think these announcements align to what is actually being purchased. Funny business is going on here…
I purchases $5 for the record