Nakamoto CEO Dey Plan To Buy $760M Bitcoin for One Kain Bid
David Bailey, CEO for Nasdaq-listed Bitcoin company Nakamoto, don announce one big bid to buy $760 million worth Bitcoin after two weeks countdown for social media wey first aim $1 billion. The money wey dem go use come from Nakamoto recent merger with Nasdaq-listed KindlyMD and $710 million wey dem promise for capital. The way dem go take do am—whether through over-the-counter desk, block trade, or exchange order—no clear yet, and this dey make people dey speculate about slippage, who dey trade with dem, and how e go affect market. Dis Bitcoin buy na like MicroStrategy strategy wey dem dey use build company money storage. With BTC dey trade for like $119,200, traders dey watch liquidity, volatility, and all info about custody and funding well well before block trade.
Bullish
Na $760 million Bitcoin buy order wey one Nasdaq-listed company put for show na big big institutional demand wey fit make Bitcoin price strong. For short term, if dem absorb this amount through OTC or block trade, e fit make liquidity tight and fit make price climb or make market get wahala around how dem dey do trade. For long term, this move dey show say more company dey start to use Bitcoin, e go make people reason say price to go up as companies dey follow MicroStrategy way to dey build big treasury money. Traders go dey watch how dem take do the trade and wetin dem talk later to get better idea if price to go up or down.