Strategic Move: Co-Founder Vida Accumulates BTC Amid Price Drop
As Bitcoin's price fell from $70,500 to $60,035, Formula co-founder Vida seized the opportunity to accumulate more BTC. This strategic buying pattern reflects confidence in the asset's long-term potential.
Major Investment: $8M Spent on 128 Bitcoin
Data from analyst @ai_9684xtpa reveals Vida's significant purchases during this market correction phase. The total investment of $8 million secured 128.28 BTC with an average entry price of approximately $62,363.57.
Short-Term Loss in Strategic Crypto Play
While the position currently shows a $60,000 unrealized loss, this market timing approach demonstrates a strong commitment to digital asset investment. Such accumulation during price dips often signals long-term bullish sentiment.
- Bitcoin price movement: $70,500 → $60,035
- Total investment: $8 million
- Bitcoin acquired: 128.28 BTC
- Average purchase price: $62,363.57
- Current unrealized loss: $60,000
Market observers note that consistent buying during market corrections typically indicates strong conviction in an asset's future value.