How Strategy and Trump Media Absorbed Galaxy’s $9B Bitcoin Fire Sale – Novogratz Reveals
Wall Street's crypto whales just pulled off a magic trick—turning a $9 billion Bitcoin dump into a non-event. Here's how they did it.
The Trump Card in Crypto Volatility
When Galaxy unloaded its mountain of BTC, the market barely blinked. Novogratz credits two shock absorbers: calculated OTC maneuvers and—wait for it—retail frenzy around Trump Media stocks. Because nothing says 'hedge against volatility' like mixing politics and memecoins.
OTC Alchemy vs. Market Panic
Behind the scenes, strategic block trades diverted selling pressure away from exchanges. The result? No catastrophic price plunge, just another day in crypto's rigged casino. Meanwhile, Trump's media venture became the perfect distraction—retail traders were too busy YOLO-ing into truth social stock to notice a few billion in BTC changing hands.
Another masterclass in how billionaires play by different rules. The $9 billion question: When do the rest of us get our OTC backdoor passes?
