Public companies increased their total Bitcoin holdings by 62% in Q4 2024.
Discussion
So who in God's name is selling all of this??? Miners are getting pretty low other than one or 2 mining companies.
Black market selling at a premium possibly.
Not in that kind of levels. I'm mean what, Roger Ver out there selling his stash to pay legal bills?
And they are also public entities, not exactly hush hush under the table, lol
Yeah I agree. Not all of it is coming from the black market, but a good chunk of it. There’s an interesting article published 9 hours ago on Binance Square titled: “Binance Liquidated Its Bitcoin (BTC) Reserves in February, Locking Gains in USDC”. I’m sure these corporations do manage to scrap some BTC here and there.
Maybe we aren't agreeing on a black market definition.
You may mean OTC or off market?
Black market to me would be illegal or unknown origin Bitcoin, stolen coin, hacked, ransomware coin, etc..
OTC desks and off market could be miners, funds, private funds and TX, things like that. And yes, exchanges themselves.
I think we are in agreeable however that they didn't come from exchanges.