Bitcoin is to empower the individual not the state... States cannot use BTC. Let me know when El Salvador will start paying gov employees in sats.... waiting.
Looks like they're calling a local top, hmmm dumping 7% of your stash wonder what its for? Expand operations, generate some runway in expectation of vol head or unrelated government operations?
Will be interesting to see how they deploy this capital
Nope. Clear sign they are fiat maxis.
As I said so many times:
Bitcoin is to empower the individual not the state...
States cannot use BTC.
Let me know when El Salvador will start paying gov employees in sats....
waiting.
You can look at it that way, or as a miner selling to buy more machines? At least I hope so.
@remindme in 2 years
Remind me when they remind you. (I'm sure you will😀)
If SN is still alive... after 5th of Nov.
Or if we're still alive
Maybe they had to pay taxes for capital gains?
Very funny! I found this:
It's good to be king.
I don't think so...
Check this out
https://video.nostr.build/121e9704ca08a271a9e35a31eeba93c91a3d9fd5215ac5b509380b3e45075c99.mp4
Paper hands!
maybe they are just moving pre-emptively for the local top in the next coming months to take some profits...
Not what most of us would do but not crazy since it's not their whole stack and they have cheap energy... I'm sure they have some bills to pay.
Man unless they are hurting for money are they treating this like a trade and prepping to sell some of their stash?!
Nothing wrong with selling some to lock in gains.
I can’t remember when they bought but depending on it they could sell to cover their cost and then essentially have free BTC
Buying new miners to keep share of increased hashrate
Looks like they're calling a local top, hmmm dumping 7% of your stash wonder what its for? Expand operations, generate some runway in expectation of vol head or unrelated government operations?
Will be interesting to see how they deploy this capital
Hopefully binance isnt doing something shady.
Where were they keeping it before?