Scenario 1: He bought it at a higher price and withdrew it while Bitcoin is on a bloodbath.
We're talking about $89M here and not $89,000, I just can't imagine a scenerio where someone forked over over a $100 million just to buy bitcoin and HODL especially someone who has so much funds to begin with.
Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.
It's likely just an exchange or a fund moving their BTC to a cold wallet, that's what I think happened.
I just don't buy this idea at all, if he had bought it at a lower price 'Years ago", do you think he would have left it in an exchange all this while? Surely someone who is smart enough to buy that amount of bitcoin at a very low price years ago is smart enough not to leave it in an exchange for years.
If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!