Bitcoin Forum

i am really interested about this testla buying bitcoin. i am sure that tesla not buy btc from a exchanges like binance. so where tesla these bitcoin purchase ? from a mining farm or ?

Thru OTC?? Using a different name to prevent being known.
Or maybe he purchased into different exchanges.

Quite curious about it too but not that important to know I think. What is important is they are coming in alongside with Grayscale and Microstrategy.

I am curious as well to whom it will sell to. Knowing that it's an enormous amount of money. I was trying to check whale alerts with this kind of transaction but to no avail. I don't know if it has happened already or not but worth knowing what happened for sure.

Most of the transaction will be always OTC because was really hard to buy with large money on the centralized exchange. And the myths for Institutional or Famous people who put a lot of money into bitcoin you cant really track them.

The real question will be always:
- Is he really buying bitcoin?
- What price he was buying?
- And when?

We got some exposure from them when they started to make some declaration they are buying bitcoin mostly after a few weeks they are buying so the price could be rising. But they also can be a disaster because impacting the market when exit from the market.

You can fully read the detail : https://www.forbes.com/sites/danrunkevicius/2021/01/14/myth-busted-wall-street-is-not-investing-in-bitcoin/

I think this purchase didn't happen suddenly. Bitcoin price has been increasing for a while, and perhaps one of the reasons for this was Elon Musk. It is impossible to do these transactions from a centralized exchange. I think the prospect of mining farms is stronger. Whatever form it takes, such support makes us very happy  :)

Most or all of them bought on coinbase