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David Bailey, a prominent figure in the cryptocurrency space, has announced plans to make a massive Bitcoin purchase worth $760 million. The transaction is set to take place tomorrow and will be executed using a Volume Weighted Average Price (VWAP) strategy.
According to sources close to the matter, David Bailey’s company, Nakamoto Holdings, will purchase $760 million in Bitcoin to expand its existing treasury. This strategic move aims to minimize market disruption and slippage by breaking the large order into smaller trades spread throughout the day.
Source: coincentral.com
