Damus
Justin · 40w
Are there proof of reserves/ownership when companies like Strategy, Metaplanet, Blackrock ETF purchases, El Salvador etc say they purchased x amount of bitcoin? Why does the price not move upon “p...
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Most of them don't have any proof of reserves

I think El Salvador does, public wallet addresses? Not 100% sure

But asset charts often don't react to public info due to insiders trading on the info before it went public
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Justin · 40w
Ya that’s what I thought… unless they broadcast their address, it’s just trusting they actually bought it… 🤷🏻‍♂️