Are there proof of reserves/ownership when companies like Strategy, Metaplanet, Blackrock ETF purchases, El Salvador etc say they purchased x amount of bitcoin?
Why does the price not move upon “purcahases”?
#asknostr
Discussion
Most of them don't have any proof of reserves
I think El Salvador does, public wallet addresses? Not 100% sure
But asset charts often don't react to public info due to insiders trading on the info before it went public
Ya that’s what I thought… unless they broadcast their address, it’s just trusting they actually bought it… 🤷🏻♂️