Trump Media Buys BTC Worth $294 Million as Saylor and Strategy Continue to Sell Bitcoin
- Trump Media buys BTC worth $294 Million.
- As Saylor and Strategy sell BTC, Trump Media buys.
- These sudden transactions seem to be contributing to market stabilization.
The crypto community continues to watch in disbelief as one of the greatest Bitcoin advocates, Michael Saylor, makes another pressured decision to sell another small part of Strategy’s BTC holdings. In contrast, Trump Media buys BTC worth $294 million as Saylor and Strategy continue to sell Bitcoin. Could Trump Media beat Strategy in the race to hold the most Bitcoin (BTC)?
Trump Media Buys BTC Worth $294 Million
Last month, when the price of BTC first dipped to the $60,000 price range, Strategy’s Michael Saylor went on to make a difficult decision. Once known as one of the greatest Bitcoin advocates, who promises never to sell his BTC holdings, but rather to keep buying even when Bitcoin will be worth $1 million, Saylor broke his word, leading many in the crypto space to see him as a traitor.
In detail, the Bitcoin traitor Saylor went on to sell $216 million in Bitcoin, which amounted to selling 3,588 BTC at an average of $60,000. Many expected this sudden and heavy sell out to become the catalyst to the long-awaited final capitulation event that would push the price of BTC to finally set its bear market bottom, then expected to be around the $40,000 price range. However, it seems the sell off may have contributed to stabilizing the space instead.
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