The sale of bitcoins by the US government is further proof of the continuous failure and the persistent misjudgements of state actors. It could have been the basis for building a Bitcoin treasury. The dollar, which is coming under pressure globally due to de-dollarization, could have been backed with new collateral to regain confidence. Nothing happened. The learning curve of politics is a bit negatively sloped.
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251 sats \ 0 replies \ @DEADBEEF 29 Jan
More for us to stack.
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2 sats \ 0 replies \ @peacemaker9964 29 Jan
https://m.stacker.news/14149
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100 sats \ 1 reply \ @JuanMiguel 29 Jan freebie
They can print "money" for free, at any time, remember? They don't need to hold btc. Bitcoin is not for them, its for you.
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10 sats \ 0 replies \ @TomK OP 29 Jan
For us
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31 sats \ 0 replies \ @clr 29 Jan freebie
Good. Never interrupt the enemy when they are making a mistake.
According to their own numbers:
That's 16'795 million per day (!). So the $130 million they expect to collect from this sale is just a drop in the bucket 😂 (less than 1% of the daily spending).
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23 sats \ 0 replies \ @piecover 29 Jan
Good, they didn't work for it they don't deserve it.
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22 sats \ 1 reply \ @Longtermwizard 29 Jan
https://bitcointreasuries.net/
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0 sats \ 0 replies \ @TomK OP 30 Jan
Thanks
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22 sats \ 1 reply \ @grayruby 29 Jan
They haven't sold yet. I believe they have a 60 day window where claims can be made on the confiscated coins before they will sell them.
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20 sats \ 0 replies \ @TomK OP 29 Jan
Wouldn't surprise me if Wall Street' favs like BR get their share
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21 sats \ 1 reply \ @zarko 29 Jan
OTC sell
BlackRock will buy it without affecting the price
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1 sat \ 0 replies \ @TomK OP 29 Jan
That's what I heard, too. At least it's draining supply piece by piece.
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21 sats \ 1 reply \ @purpurato 29 Jan
Hard to grasp, as far say I remember they seized those when price was a few hundred % below. I guess that's a win for plebs
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0 sats \ 0 replies \ @TomK OP 29 Jan
Yes. Looks like that
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21 sats \ 1 reply \ @Coinsreporter 1 Feb
What are they gonna do with that? Will they clear the debts on the country?
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0 sats \ 0 replies \ @TomK OP 1 Feb
This is all so sad...
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0 sats \ 1 reply \ @kurszusz 29 Jan
No problem... Micro Strategy will buy it! ;)
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0 sats \ 0 replies \ @TomK OP 29 Jan
M.S. is really a special type of a character. Fully commited
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0 sats \ 0 replies \ @KLT 29 Jan
This will be something looked back in the history books when we’re all old geezers as one of the biggest mistakes and signs to the downfall of the United States as a world power.
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0 sats \ 6 replies \ @kr 29 Jan
what is the latest number for how much bitcoin they still hold?
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250 sats \ 5 replies \ @TomK OP 29 Jan
I think it's more than 200.000 btc
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21 sats \ 4 replies \ @kr 29 Jan
one thing i don’t understand is why they are selling relatively small amounts on occasion, while still holding a large chunk of coins.
if the plan was to hold, they wouldn’t sell any… if the plan was to sell, they would have sold it all by now.
why are they taking this approach of slowly selling very small amounts over a multi-year timeframe?
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325 sats \ 0 replies \ @TomK OP 29 Jan
Maybe they fear a collapse of the market price. Or they are slowly selling to state-owned secret wallets (Fed)? No idea
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250 sats \ 2 replies \ @Doo_Deux 29 Jan
DCA out? /s
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0 sats \ 1 reply \ @kr 29 Jan
iirc they’ve been sporadically selling for years… this is more like yearly cost averaging haha
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0 sats \ 0 replies \ @TomK OP 29 Jan
Lol. Now that they would need any collateral....
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