Prominent Bitcoiner Mow makes public confession about BTC-related assets he holds
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Vocal Bitcoin supporter Samson Mow is the chief executive of BTC-focused company Jan3 and former CSO at Adam Back’s company Blockstream. Mow promotes the idea within the community that Bitcoin is going to definitely reach the level of 1 million U.S. dollars in terms of price.
On Jan. 11, the SEC approved the launch of these ETFs, the biggest of which was rolled out by BlackRock — IBIT. Bitcoin inflows into these funds have been tremendous since their start. On March 15, the overall inflows into nine of them comprised 1,434 BTC worth $97.15 million. BlackRock added a lot more — 4,967 BTC evaluated at more than $336.5 million, and currently IBIT contains 228.613 BTC equal to approximately $15.5 billion.
Besides, Mow stated that he had sold his MicroStrategy shares , the company led by Bitcoin evangelist Michael Saylor. Since August 2020, it has been consistently purchasing Bitcoin with cash and adding BTC to its balance sheet.Five days ago, the company acquired another massive BTC chuck of 12,000 coins, paying $821.7 million for that at an average price of $68,477 per coin. This Bitcoin was bought using proceeds from convertible notes and spare cash reserves of the company.
As reported by U.Today on Friday, the company has announced a new debt offering to acquire still more Bitcoin for long-term storage on its balance sheet. Selling MSRT by Mow in favor of Bitcoin ETFs sounds like a step taken by a person who prefers to be as close to BTC as possible. Besides, as an “original gangster,” Mow is likely to be holding a large amount of Bitcoin directly.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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