Bored on this Sunday afternoon to pass time I’m scrolling my Robinhood app and I took at look at the insider activity for Fold.
My guess is this is Will’s compensation post the stock going public. He hasn’t sold any shares yet so this is a paper gain at best (unless he took a loan out against his shares to access the $25M)
Question is how much bitcoin did he stack with his new found wealth?
Until he sells Will has a lot to lose if Fold tanks. It will be a telling sign once he starts dumping shares.
It's certain that if he starts selling in large quantities, it could be a signal to everyone. However, if everyone starts selling as a result, demand stagnates, while supply grows exponentially, then a domino effect will develop...and it's possible that he could become a "Luna 2.0".
Well...I think he's currently taking out a mortgage against his shares (guaranteed by the shares), so not only he, but the lender has a lot to lose :)
Great points