$ATOM : Selling BTC Like It’s 2017 💸🌌...... Cosmos Network developers just made a big move, transferring 295.3 $BTC (worth $27.7M) and selling 21,600 #ETH and 295.3 BTC this year—a tidy sum of $78.67M! 🚀 But hold on, they’re not broke yet; they’ve still got 96.4 BTC and 17,188 $ETH left in the bank, worth $67M. 💰
Why the Sale? 🤔
While #MicroStrategy is buying more BTC and making billions just by holding, Cosmos seems to have chosen a different path. Whether it’s profit locking, losing faith in BTC, or simply paying the bills, the question remains: Why sell now? 🤷♂️
Let’s Talk Numbers 🧮
Cosmos has been running on fumes when it comes to revenue, averaging less than $25k annually since 2021. For a #layer1 project, that’s like trying to fuel a rocket with pocket change. 🪙🤡
Where’s the Money Going? 🤷♂️
Cosmos claims the funds are for business continuity and ecosystem growth, but so far, no clear details on how they plan to spend the cash. More sales coming? Nobody knows! 🕵️♀️
So, what do you think, frens? Survival move or secret master plan? Let us know your take below! As always, DYOR and keep those wallets safe. 🚀 #Cosmos