Who Bought $1.6B in Bitcoin Wednesday, and Why? — CoinDesk

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Here’s an instance, albeit on an even bigger scale, of how one agency dealt with a significant purchase of bitcoin: Last 12 months, when MicroStrategy bought $450 million in bitcoin, the corporate did so in smaller clips from Coinbase over the course of 5 months, not 5 minutes. While the worth finally moved up over the course of these a number of months, every commerce didn’t trigger it to shoot up with the identical form of ferocity seen this previous Wednesday, thus holding CEO Michael Saylor’s prices from, nicely, slipping away from him as he purchased.