Quote from: fillippone on May 14, 2025, 09:40:32 AM

Quote from: Taskford on May 14, 2025, 09:26:20 AM

And maybe their purchase made create good movements and contribute on the situation that's why we see Bitcoin cross at $100k again. There's lots of things we can learn for reading that article about the actions done by 21 capital.

This is interesting: I would have assumed that Tether would have used some of the bitcoins already in their reserve to finance 21 Capital.
Of course, the open market buy helps a positive price development!

Even if one entity buys from another entity (meaning XXI buying from Tether), there does not necessarily need to be a market impact, so Tether could have had sold the bitcoin to XXI... so that on paper, XXI shows that they acquired the BTC at the price of $95k-ish each... even though like you said, the funds were largely seeded from Tether's earlier purchased coins.

Is XXI restricted from engaging in those kinds of arrangements or do they have to have "arm's length" relations when it comes to coin acquisitions?