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!
With participation of big institutional investor like Strategy recent years, then companies from Wall Street behind Bitcoin Spot ETFs, and now 21 Capital, there is very hot races among institutional investors for accumulating bitcoins. They will no longer be able to purchase bitcoins only from OTC markets but will have to do their accumulations on Spot market more often.
This an avoidable purchasing change from institutional investors will contribute many considerable things on Bitcoin Spot Market from trading volume to price and it will kick off FOMO effects in the crowd too.