A few days ago, a bitcoin wallet appeared. It bought 118,300 bitcoins in just a few months. Many people speculated whether this was Black Rock buying bitcoins in case the SEC approved their ETF. In the end, it turned out that the $3 billion worth of bitcoins were purchased by the Robinhood platform. Now this wallet is one of the largest in the world.
41 sats \ 6 replies \ @WeAreAllSatoshi 28 Aug 2023
How do we know? Is there hard proof?
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31 sats \ 4 replies \ @drdoom 28 Aug 2023
and on that tangent, is Blackrock proxying through Robinhood?
How could we disprove that Robinhood does not have a private contract with Blackrock to acquire & hold BTC on their behalf ?
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0 sats \ 3 replies \ @czechnostradamus OP 29 Aug 2023
This is very nice point but i BlackRock dont need middleman for buying bitcoin.
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0 sats \ 2 replies \ @drdoom 29 Aug 2023
Why would they want to be known also as aggressive BTC hodlers which reveals strategy and drives price up as other firms and investors follow suit.
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0 sats \ 1 reply \ @czechnostradamus OP 29 Aug 2023
Obviously that wasn't the intention. They probably didn't anticipate that such a wallet would be of interest to people all over the world. Nobody is tracking Binance purchases either.
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0 sats \ 0 replies \ @drdoom 29 Aug 2023
Well, as WeAreAllSatoshi asked - let's see the hard proof it's from a Robinhood wallet.
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0 sats \ 0 replies \ @czechnostradamus OP 29 Aug 2023
Wallet and transactions tracked to one of main Robinhood wallet.
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