Large-scale #Bitcoin acquisitions, such as those by Michael Saylor's MicroStrategy, are often conducted through over-the-counter (OTC) transactions to avoid immediate price impacts on exchanges. OTC trades occur off-exchange, mitigating volatility by keeping the activity private, but they can still influence market dynamics over time. For example, a buyer purchasing 1 million BTC OTC might initially avoid significant price changes, but as liquidity is reduced, future transactions—whether OTC or on exchanges—would likely reflect a tighter supply, causing prices to rise. While OTC trades minimize immediate price disruptions, their effects on market liquidity and pricing emerge gradually.