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HomeFinanceBitcoin Neighborhood Abuzz as Jeff Bezos Sells Amazon Shares Value Billions

Bitcoin Neighborhood Abuzz as Jeff Bezos Sells Amazon Shares Value Billions

Bitcoin evangelist and angel investor Anthony Pompliano has taken to the X social media community to submit a tweet about Jeff Bezos and his latest huge share gross sales. Pompliano’s tweet sparked a heated dialogue inside the Bitcoin neighborhood.

Bezos dumps Amazon shares price $2.4 billion

CNBC has reported that the Amazon founder has dumped an astounding variety of shares just lately – 14 million, in response to a securities submitting. The report states that Bezos has been actively unloading shares after he had introduced a plan to promote as much as 50 million AMZN earlier than the January of 2025 ends.

Bezos began promoting shares final week. His buying and selling plan for this was revealed in November and he has been promoting AMZN in accordance with it. Up to now, in response to CNBC, he has offered three stashes containing 12 million shares every. In whole, he has removed $2.4 billion price of shares.

Bitcoin neighborhood reacts to Bezos information

Pompliano, broadly often known as merely “Pomp”, identified that the final time Bezon offered that many shares in 2021 when the market reached the highest. “What does he know?” Pomp contemplated.

not simply Bezos … a tonne of different politicians too.

and in addition Invoice gates.

they’re all in all probability gonna purchase as a lot BTC as they will

— Carry. (@ZechLift) February 21, 2024

Additionally, at the moment Bezos resigned from his CEO place at Amazon. He additionally gifted roughly $240 million price of AMZN in 2023.

CNBC provides that Bezos began promoting his Amazon shared extra aggressively after final November he made an announcement about his plans to maneuver from Seattle to Miami for private causes and in addition to be nearer to his firm Blue Origin.

Within the feedback beneath Pompliano’s tweet, many Bitcoin-themed accounts began speculating in regards to the the explanation why Bezos is likely to be promoting his shares. One person stated that not solely Bezos has been doing that but in addition Invoice Gates and lots of US politicians. Many commentators, maybe paradoxically, assumed that Bezos intends to purchase Bitcoin, though the billionaire and Amazon founder didn’t make any of such statements.

Amazon rejects cryptocurrency

In 2021, rumors emerged in regards to the e-commerce big’s intentions to begin accepting Bitcoin as cost. It occurred after the corporate printed a emptiness of a cryptocurrency and blockchain lead. An article then appeared in “Insider” and “Metropolis A.M” journal about Amazon allegedly intending to begin promoting items for crypto – Bitcoin, Ethereum, Cardano and Bitoin Money.

Nonetheless, an Amazon consultant refuted these rumors.

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