"On June 1st, it was disclosed to that company ended up selling 32 Bitcoin. And right after that was made public, the entire market started to sell off."

… chael Sailor runs a company called Strategy, which is the largest corporate holder of Bitcoin in the world with slightly more than 4% of the entire supply. This means that the Bitcoin market is now heavily exposed to the actions of one company or in essence one person who's built their entire reputation around the mantra of never selling. However, on June 1st, it was disclosed to that company ended up selling 32 Bitcoin. And right after that was made public, the entire market started to sell off. Now, even though in the big picture, selling 32 Bitcoin out of 844,000 is basically nothing, one person summed it up perfectly. They said that Sailor could buy 20,000 Bitcoin a week and nobody cares. But the day he sells even a tiny amount, the whole market panics. Or basically to simplify this even further, Strategy is buying Bitcoin by issuing s …