Re:Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
by mikhailfranco on Tuesday September 17, 2024 @12:29PM
(#41569424)
Which is also why all those company market caps you see quoted everywhere are totally ridiculous. A company is not worth the latest price of a small share transaction multiplied by all the outstanding shares.
[ Parent
| on HN ]
Re:Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
by Dylan16807 on Tuesday September 17, 2024 @02:31PM
(#41571032)
There's enough depth in the stock market to make company market caps pretty real. If you had a big chunk of a company, you could sell it for close to the trading price. I'd be shocked if you couldn't get half, as a nice round example number.
I would not be shocked if trying to sell $200B in bitcoin gets you far less than half.