Blockchain Group don plan to sell share wey cost $340M everyday to expand dem Bitcoin money, wey show say institutions for Europe dey want am well well.
Blockchain Group wey dey Paris don start to sell shares everyday for $340 million through one deal with TOBAM, wey be money manager, so dem go fit get more Bitcoin for their treasury. Dem go sell de shares for market price, and dem go fit buy only 21% of de total shares wey dem trade everyday, so market no go scatter. All de money wey dem collect go solely be for buying more Bitcoin, wey fit make Blockchain Group Bitcoin go from 1,471 BTC (wey be $158 million) to as much as 3,170 BTC. Dis one fit make de company money double, and e align with wetin other big companies like MicroStrategy dey do, wey be say dem dey save Bitcoin as their company money. De board fit approve to raise up to $570 million if dem need am. Dis move show say plenty big institutions for Europe dey enter crypto market, as Bitcoin dey trade near record high around $107,700, after e don gain strong for price dis year. Dem go dey report everything clear and give regular updates on how dem dey sell shares and how much Bitcoin dem get, so investors go trust dem. Dis good signal from European institutions fit boost Bitcoin more and make de price continue to go up, wey go give traders more money to trade and clear way to get Bitcoin.
Bullish
Di Blockchain Group im big share sales wey dem use buy Bitcoin direct-direct, show say big big companies for Europe wan buy Bitcoin well well, and dem don dey use am like money wey dem keep. Dis move go make dem get double of di Bitcoin wey dem get now, just like MicroStrategy and oder companies don dey do. As dem dey buy small small and open, e go make di market easy to trade and fit draw more big investors, especially as Bitcoin don dey close to hin highest price ever. Before before, when big companies dey gather am like dis, e dey make di price go up, and e dey show say di market go still good for short and long time.