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44 sats \ 3 replies \ @megaptera OP 30 Dec 2024 \ parent \ on: MicroStrategy Acquires 2,138 BTC; Now Holds 446,400 BTC bitcoin
They do not actually buy bitcoin. They buy an IOU on bitcoin. No need to go to the spot market to buy paper.
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34 sats \ 2 replies \ @ZezzebbulTheMysterious 30 Dec 2024
This is not strictly true. Its moving from Coinbase Cold and Hot wallets into Coinbase Custody Hot and Cold wallets. Like moving your keys from the left pocket to the right pocket. Coin is moving here.
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44 sats \ 0 replies \ @megaptera OP 31 Dec 2024
Show me please
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33 sats \ 0 replies \ @Bell_curve 31 Dec 2024
and Fidelity Digital Assets
plus insurance in case of loss
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