#BTCWhaleTracker
The whale who owns 80,000 BTC turned out to be Adam Back — the man who was announced as Satoshi Nakamoto in an HBO documentary.
He sold 40,000 BTC through Galaxy Digital.
Another 30,000 BTC were deposited in exchange for shares in the investment firm Cantor, founded by Howard Lutnick — the current U.S. Secretary of Commerce.
A simple explanation for this move could be:
After HBO publicly described Adam Back as Satoshi Nakamoto, he realized that wandering around with a target on his back was not exactly a comfortable position.
So — he sold the majority of his BTC, partly to justify his large capital and build a protective structure around himself. After the film, it’s likely that Lutnick and his circle reached out to him, offering a "safe haven" and strong support.
In the end, after considering an offer that was hard to refuse, Back contributed 30,000 BTC in exchange for shares in a future company.
He hit two birds with one stone: publicly, he could claim that all "bitcoins" had been sold; at the same time, his large capital is now officially invested in the company’s shares — alongside the U.S. Secretary of Commerce and his son.
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BTC
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#BinanceTurns8
