The author who quoted the Satoshi Nakamoto white paper plans to sell 30,000 BTC
Just as BTC reached another record high, some ancient giant whales also changed and began to seek bulk shipments. According to several foreign industry media reports, Wall Street investment bank Cantor Fitzgerald plans to buy 30,000 BTC from Adam Back, founder of Blockstream.
When it comes to both parties to this deal, they are all really quite small.
First, let's talk about the acquirer, this agency called Cantor Fitzgerald. Brandon Lutnick, a 27-year-old young man, is at the helm.
You've probably never heard of Brandon Lutnick's name, but his dad, you must have heard of it; that is the famous current US Secretary of Commerce Howard Lutnick.
The seller, Adam Back, is a well-known name in the crypto industry.
At the end of the BTC white paper published in 2008 by the inventor of BTC, Satoshi Nakamoto presented a total of 8 references. The sixth of these is Adam Back's 2002 paper on the HashCash algorithm. (See Liu Jiaolian“Bitcoin History”(Appendix B)
However, the HashCash algorithm invented by Adam Back was “copied” by Satoshi Nakamoto and used for BTC mining. This is the famous Proof of Work (PoW) algorithm.
According to Liu Jiaolin“Bitcoin History”Chapter 8 Episode 10: Adam Back founded the Canadian blockchain company Blockstream in 2014.
Actually, it appeared in the teaching chain as early as July 4“Undercurrents Surging Behind High Prices and Low Volatility”Meanwhile, the teaching chain paid attention to the trend of Adam Back's overseas shipments. In that issue, JiaoChain also took the opportunity to explain the shipping methods of large companies and compared them with the trading methods of high FDV and low liquidity altcoin traders.
The operation of capital is like a miracle.
Through covert operations outside of these markets, the real liquidity shock was covered up and transferred. But their energy won't die out, and sooner or later, in turn, impact the secondary market.
The pricing formed on the market is a reflection of current liquidity, but it has become a price reference for future liquidity. The financial stuff is just so amazing.
Everything seemed so fair and reasonable, but some people quietly made a profit, while others were quietly reaped. There is no direct causal relationship or correlation between profit and loss.
For this major deal, the acquirer set up a special purpose company (SPAC) called Cantor Equity Partners 1, which is said to be renamed BSTR Holdings later. Adam Back, on the other hand, acquired SPAC shares through Blockstream Capital. By the time Adam Back actually makes money, it's still a long way to go.
