How Bitcoin whales move the market
Satoshi Nakamoto, the Winklevoss twins or Michael Saylor share the podium with a new generation of crypto investors who beyond bitcoin also bet on ethereum or solana.
The fortune of Satoshi Nakamoto, the mysterious creator of bitcoin, is estimated to be over 1.1 million bitcoins, valued at more than 75 billion euros. Nakamoto's identity remains unknown, and it is unclear if he still holds the keys to access his fortune. In contrast, Michael Saylor, CEO of MicroStrategy, has become a prominent "whale" in the bitcoin market, with his company owning approximately 840,447 bitcoins and Saylor personally holding 17,732 bitcoins.
Saylor's strategy of using company funds to buy bitcoins has been widely copied, but it has also created new risks, as seen in the recent losses of over 80 billion dollars in market capitalization of the 50 largest corporate bitcoin companies.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
