Bitcoin OGs Sell 11,000 BTC to Leverage ETF Tax Advantages
Bitcoin OGs Sell 11,000 BTC to Leverage ETF Tax Advantages
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Long-term Bitcoin holders, including early arbitrage trader Owen Gunden, are reportedly selling significant amounts of their Bitcoin holdings. This strategic move is aimed at utilizing the 'incredible tax advantages' offered by Bitcoin Exchange-Traded Funds (ETFs), with Gunden alone moving 11,000 BTC to an exchange.
Many long-term Bitcoiners are selling up, such as early arbitrage trader Owen Gunden, who shifted the last of his 11,000 Bitcoin to an exchange.