From the Open Market to Public Companies: $105B in Crypto Moved

According to Blockworks, over the past year someone has sold almost $90 billion worth of crypto to publicly traded companies. A year ago, the total amount of crypto purchased by these companies was under $20 billion. Now it’s already $105 billion.

What does it actually take to be able to sell crypto to a buyer like Strategy or Helius? It’s not like they’re going to buy bitcoin or solana from me or you, right?

And another question: who can buy this crypto back from those companies if they ever decide to sell? Sure, Strategy insists they won’t sell their bitcoin (though that raises the question - why buy it then?). Helius says they’re buying solana not to flip it, but to earn yield through staking and DeFi protocols. But they’re not the only public companies stacking up crypto. Plenty of others are almost certainly doing it with the intention to sell later. So who will they sell to? Will regulators even allow them to sell to regular retail buyers - or has this crypto effectively left the open market forever, just like lost coins?

Regulated finance is such a mystery sometimes!

Luckily, on rabbit.io everything is much simpler. Anyone can swap BTC for SOL, SOL for BTC, or either for stablecoins - or anything else. No registration, no limits. Even if it’s for $105 billion all at once.