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…