Replying to Avatar TKay

Isnt wBTC backed by BTC?

It’s like if he bought $47m in liquid or the bitcoin ETF?

Or am I mistaken.

Also why buy that? Who manages this account. lol
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Galaxie 5000 11mo ago

It’s a token on the Etherium chain. ‘Backed’ by BTC or not, it’s custodial and different. No idea why they would buy that instead.

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