Billionaire Jeff Bezos, founder of Amazon, is once again in the news. In recent days, he has been massively liquidating shares in the company he founded. Faced with doubts about the objectives which motivate these transactions, some wonder if the project of acquiring bitcoin (BTC) is not behind all this.
Bezos sells $2.03 billion in Amazon stock!
Jeff Bezos, the visionary behind Amazon, recently made a major move into the financial realm. In fact, he sold approximately $2.03 billion worth of his company’s shares over the past few days.
If the operation attracting attention is because it is the third time this month that Jeff Bezos has decided to liquidate a significant part of his Amazon shares. According to recent sources, Jeff Bezos sold approximately 12 million shares of Amazon at an average price of $169.50 per share.
These transactions would be part of a negotiation plan launched in November which allows the boss to potentially get rid of 50 million shares of the company. Remarkably, its total sales for the month of February now exceed $6 billion. Which demonstrates the scale of its divestment strategy.
Basically, this seems to be a departure from Jeff Bezos’ usual financial maneuvers. But it’s worth keeping in mind that this is his first significant sale of Amazon stock since May 2021, the same year he stepped down as CEO.
Is it to buy bitcoin (BTC)?
This is the question that torments the mind of the crypto community knowing that such a divestment policy does not come about by chance. Its objective could be investments in bitcoin (BTC).
As a reminder, bitcoin (BTC) is showing convincing dynamism which is changing the minds of the most resistant investors to crypto. It is currently worth around $52,000 and many are optimistic about the flagship crypto’s potential.
In any case, there is total doubt as to the objective of the recent liquidations carried out by Jeff Bezos. But some sources mention the motivations. They talk in particular about the billionaire’s moving plans.
In November 2023, the latter announced plans to leave Seattle for Miami, citing reasons including proximity to his space exploration company, Blue Origin. But also the desire to get closer to the family of his fiancée Lauren Sanchez. The move would also have significant tax implications. Nobody is talking about crypto or a potential desire to position themselves on bitcoin (BTC). An option that cannot be ruled out.
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