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Elon claims they sold the 10% only to prove the liquidity of bitcoin and he himself hasn't sold any of his personal holdings[1]

Ah yes, I remember falling for the "we only sold to prove our liquidity" back in my young and naive investment years.

Imagine buying $1.5 BB of something and not knowing if it's liquid.

You're either grossly incompetent and should be kept away from all money, or an ARK investing analyst.

Hence you sell someone to prove to your observers that it is, indeed, liquid.