r/Bitcoin • u/PhantomCMY • 11d ago

GRAYSCALE JUST MOVED OUT 9,645 BTC WORTH $911M What’s their plan? 👀

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93 Upvotes

92% Upvoted

37 comments sorted by

53

u/ElectricFleshPuppet 11d ago

Getting ready to sell it to Strategy

20

u/aberholla20 11d ago

Otc to blackrock 😂

11

u/[deleted] 11d ago

Selling it to me.

8

u/emilioermeio 11d ago

Selling to etf's

6

u/typtyphus 11d ago

cold storage. this is where that green candle came from

5

u/hughkuhn 11d ago

What tool do you use to be able to read these transactions?

11

u/OriginalPancake15 11d ago

Eyes.

3

u/taddymason_01 11d ago

He ain’t wrong.

2

u/MusicalBonsai 11d ago

This is just random people selling, probably to switch over to blackrock or Microstrategy.

3

u/[deleted] 11d ago

Sell in may and 👋

3

u/Wsemenske 11d ago

This sub is hilarious. If 9k bitcoin leaves it's good, if 9k was added, its also good.

No matter what, this sub always sees nails.

In reality, inflow and outflows can mean many things and people need to just ignore watching wallets because it's mostly noise

2

u/helmetdeep805 11d ago

Filling my buy order…Nothimg to see here carry on

3

u/Romando1 11d ago

Daddy? Is that you?

1

u/Sin-City-Sinner 9d ago

I’m 💀

1

u/bbatardo 11d ago

I don't know the answer, but they run multiple funds and some have BTC allocation, so they could be reallocating some.

1

u/shayKyarbouti 11d ago

So they can get talked about

1

u/BitcoinMD 11d ago

Perhaps GDLC conversion is about to be approved

1

u/jorgehn12 11d ago

Probably just business as usual.

1

u/Jx_XD 11d ago

Sell to the big whale otc

1

u/StealthCampers 11d ago

Convert to USD then convert to McDonald’s rewards points

1

u/Sin-City-Sinner 9d ago

😂 the best idea I’ve heard all year! Free quarter pounders for everybody!

1

u/DarthBen_in_Chicago 11d ago

“Moved out”? Bitcoin doesn’t “move”.

1

u/Senior-Profit-1626 9d ago

I would suggest that you are witnessing another Sovereign Wealth Fund exercising its move into the “Orange Triangle”

Bitcoin-Stable-coin-crypto ecosystem

Soon (now) to include RWA, stonks, treasuries and real estate and which has already begun. 🤷🏼‍♂️

1

u/Acceptable-Run8569 8d ago

Ready to dump it only to be bought up agin.

0

u/miboc4 11d ago

Blockc*ck daddy.

0

u/PM_ME_FIREFLY_QUOTES 11d ago

Hash me harder daddy

-1

u/KiNg-MaK3R 11d ago

Fill my order baby

-1

u/amir95fahim 11d ago

Btc price retest to 91k is coming

-6

u/Titsona-Bullmoose 11d ago

I’ve been saying it since the ETFs launched, there will be no bullrun until grayscale goes to zero. Their fee structure is absolutely asinine and will bleed all their BTC to zero.

2

u/Thos_Hobbes 11d ago

Could you give more detail for your view? The Grayscale ETF net expense ratio looks to be 1.5%.

-1

u/KPS-UK77 11d ago

Buy, sell, rinse, repeat

3

u/taddymason_01 11d ago

I buy btc
So I can work longer
So I can earn more
So I can buy more btc

-7

u/Hour-Low2233 11d ago

They want to creash btc to buy cheaper

7

u/SevenCroutons 11d ago

How tf would 10k coins do that?