You basically say that there is some dude saying about Putin considering buying Bitcoin reserves and you believe that has been happening for years now. Now you say that you don't believe anything, okay then. So how am I to interpret your words really? You still believe or has already disbelieved that? And what did you believe precisely? It looks like you mean that Putin has been considering buying bitcoins, which is a strange thing to believe in (that was my point)
Anyway, how much can you buy OTC? Obviously, not much and that makes the whole business pretty much pointless. Apart from that, there would be a lot of noise if a lot of coins started moving around, which doesn't seem the case either
By "I believe this has been happening for years now" I meant institutions as a whole, not exactly the Putin case which is just the rumor I cited. I believe institutions and triple letter agencies own stacks of Bitcoin even if to experiment with it and know how utxo's work and whatnot. They need to own and move around Bitcoin and understand the wallets if they want to do chain analysis. Then there's the whole reserve asset part which I believe they are intelligent enough to know that it's worth holding some
I'm not sure if that would count as "use"
For example, if you are a nation state and have a few frenemies out there, you would be interested in obtaining their weapons to study them and develop defenses against them. On the other hand, if you are of those frenemies, you would do anything to prevent that from happening, and consider it as a bad thing overall if that actually happens. Personally, I have no doubt that the alphabet agencies you refer to have enough bitcoins, but we'd be better off if they didn't. Obviously, that has nothing to do with businesses investing in Bitcoin and Putin allegedly thinking about buying a stash of bitcoins
I don't know how liquid the OTC market is. There's art that sells for billions, so they could exchange some of that for BTC, there's many ways to go about it OTC and nothing is registered, the guys at the top of the pyramid don't play by the rules
Blockchain "rules" are not the ones they can easily break