Two weeks ago, NYDIG highlighted a growing trend: companies being created solely to accumulate Bitcoin. Since then, the numbers have only gotten more eye-catching. More and more firms are raising money from investors – not to invest on their behalf, but to buy Bitcoin for themselves. The wave is building, and it’s raising a lot of questions.
Here’s the one I keep coming back to: who’s selling them the Bitcoin?
BTC has been hovering around $100,000 for a while now. It got there, held, dipped a bit, and climbed back up again. At this point, hasn’t everyone willing to sell at these levels already done so? Where are new sellers supposed to come from?
Sure, you could think of miners. But Strategy alone is buying more than miners produce. And it’s not just Strategy - there’s MetaPlanet, Nakamoto, Twenty One, lesser-known names like Meliuz and Consilium Group… the list goes on.
So the question is: are these promises to buy Bitcoin even realistic? Or are investors just being played? Because if all these companies are truly planning to buy - and there really aren’t enough sellers left at $100K - then the price isn’t just going up. It’s going vertical.
Got any BTC? We still do - at rabbit.io. For now.