A few days ago, a bitcoin wallet appeared. It bought 118,300 bitcoins in just a few months. Many people speculated whether this was Black Rock buying bitcoins in case the SEC approved their ETF. In the end, it turned out that the $3 billion worth of bitcoins were purchased by the Robinhood platform. Now this wallet is one of the largest in the world.
pull down to refresh
41 sats \ 6 replies \ @WeAreAllSatoshi 28 Aug 2023
How do we know? Is there hard proof?
reply
44 sats \ 4 replies \ @drdoom 28 Aug 2023
and on that tangent, is Blackrock proxying through Robinhood?
How could we disprove that Robinhood does not have a private contract with Blackrock to acquire & hold BTC on their behalf ?
reply
13 sats \ 3 replies \ @czechnostradamus OP 29 Aug 2023
This is very nice point but i BlackRock dont need middleman for buying bitcoin.
reply
0 sats \ 2 replies \ @drdoom 29 Aug 2023
Why would they want to be known also as aggressive BTC hodlers which reveals strategy and drives price up as other firms and investors follow suit.
reply
0 sats \ 1 reply \ @czechnostradamus OP 29 Aug 2023
Obviously that wasn't the intention. They probably didn't anticipate that such a wallet would be of interest to people all over the world. Nobody is tracking Binance purchases either.
reply
0 sats \ 0 replies \ @drdoom 29 Aug 2023
Well, as WeAreAllSatoshi asked - let's see the hard proof it's from a Robinhood wallet.
reply
13 sats \ 0 replies \ @czechnostradamus OP 29 Aug 2023
Wallet and transactions tracked to one of main Robinhood wallet.
reply