Bitcoin Community Abuzz as Jeff Bezos Sells Amazon Stocks Worth Billions

1 month ago 63

Bitcoin Community Abuzz arsenic  Jeff Bezos Sells Amazon Stocks Worth Billions

Cover representation via

Disclaimer: The opinions expressed by our writers are their ain and bash not correspond the views of U.Today. The fiscal and marketplace accusation provided connected U.Today is intended for informational purposes only. U.Today is not liable for immoderate fiscal losses incurred portion trading cryptocurrencies. Conduct your ain probe by contacting fiscal experts earlier making immoderate concern decisions. We judge that each contented is close arsenic of the day of publication, but definite offers mentioned whitethorn nary longer beryllium available.

Bitcoin evangelist and angel capitalist Anthony Pompliano has taken to the X societal media web to station a tweet astir Jeff Bezos and his caller monolithic stock sales. Pompliano’s tweet sparked a heated treatment wrong the Bitcoin community.

Bezos dumps Amazon stocks worthy $2.4 billion

CNBC has reported that the Amazon laminitis has dumped an astounding fig of stocks precocious – 14 million, according to a securities filing. The study states that Bezos has been actively unloading shares aft helium had announced a program to merchantability up to 50 cardinal AMZN earlier the January of 2025 ends.

Bezos started selling shares past week. His trading program for this was revealed successful November and helium has been selling AMZN successful accordance with it. So far, according to CNBC, helium has sold 3 stashes containing 12 cardinal shares each. In total, helium has got escaped of $2.4 cardinal worthy of stocks.

Bitcoin assemblage reacts to Bezos news

Pompliano, wide known arsenic simply “Pomp”, pointed retired that the past clip Bezon sold that galore shares successful 2021 erstwhile the marketplace reached the top. “What does helium know?” Pomp pondered.

not conscionable Bezos … a tonne of different politicians too.

and besides Bill gates.

they’re each astir apt gonna bargain arsenic overmuch BTC arsenic they can

— Lift. (@ZechLift) February 21, 2024

Also, astatine that clip Bezos resigned from his CEO presumption astatine Amazon. He besides talented astir $240 cardinal worthy of AMZN successful 2023.

CNBC adds that Bezos started selling his Amazon shared much aggressively aft past November helium made an announcement astir his plans to determination from Seattle to Miami for idiosyncratic reasons and besides to beryllium person to his institution Blue Origin.

In the comments nether Pompliano’s tweet, galore Bitcoin-themed accounts started speculating astir the reasons wherefore Bezos mightiness beryllium selling his shares. One idiosyncratic said that not lone Bezos has been doing that but besides Bill Gates and galore US politicians. Many commentators, possibly ironically, assumed that Bezos intends to bargain Bitcoin, though the billionaire and Amazon laminitis did not marque immoderate of specified statements.

Amazon rejects cryptocurrency

In 2021, rumors emerged astir the e-commerce giant’s intentions to commencement accepting Bitcoin arsenic payment. It happened aft the institution published a vacancy of a cryptocurrency and blockchain lead. An nonfiction past appeared successful “Insider” and “City A.M” mag astir Amazon allegedly intending to commencement selling goods for crypto – Bitcoin, Ethereum, Cardano and Bitoin Cash.

However, an Amazon typical refuted those rumors.

Read Entire Article