Top signal? Couple weeks/months before peak?https://t.co/cBbhDuMNti
— Dirk.crypto | Intelligent Cryptocurrency (@dirkcryptodiggy) February 16, 2024
A
A
Is Jeff Bezos abandoning Amazon to adopt Bitcoin?
Fri 16 Feb 2024 ▪
3
min of reading ▪ by
Getting informed
▪
Trading
Billionaire Jeff Bezos, the founder of Amazon, is once again making headlines. In recent days, he has been massively liquidating shares of the company he founded. Amidst speculation about the motives behind these transactions, some wonder if the plan to acquire bitcoin (BTC) might be at the heart of it all.
Bezos sells $2.03 billion of Amazon shares!
Jeff Bezos, the visionary behind Amazon, has recently taken a significant financial step. He has sold approximately $2.03 billion worth of his company shares over the past few days.
If the operation is drawing attention, it’s because it’s the third time this month Jeff Bezos has decided to liquidate a significant portion of his Amazon shares. According to recent reports, Jeff Bezos sold approximately 12 million Amazon shares at an average price of $169.50 per share.
These transactions are part of a trading plan initiated in November, which allows the CEO to potentially get rid of 50 million company shares. Remarkably, his total sales for February have now surpassed $6 billion, indicating the scale of his divestment strategy.
Essentially, this seems to diverge from Jeff Bezos’s usual financial maneuvers. But it is important to remember that this is his first major sale of Amazon shares since May 2021, the same year he stepped down as CEO.
Is it to buy bitcoin (BTC)?
This is the question on the minds of the crypto community, knowing that such a divestment policy doesn’t happen by chance. It might be aimed at investments in bitcoin (BTC).
As a reminder, bitcoin (BTC) is currently demonstrating convincing dynamism that is swaying even the most skeptical of investors towards crypto. It is worth about $52,000 presently, and many are optimistic about the leading cryptocurrency’s potential.
Nevertheless, there is complete uncertainty regarding the purpose of Jeff Bezos’s recent liquidations. However, some sources discuss the motivations behind them. They particularly talk about the billionaire’s relocation plans.
In November 2023, he announced his intention to leave Seattle for Miami, citing reasons such as the proximity to his space exploration company, Blue Origin, and the desire to be closer to his fiancée Lauren Sanchez’s family. This decision could also have significant tax implications. No one is talking about crypto or a potential desire to take a position in bitcoin (BTC). However, this possibility cannot be completely ruled out.
Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.
A
A
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.