Andrew Tate Questions Why MicroStrategy Bitcoin Purchase Didn’t Move Price

TLDR

• Andrew Tate questioned why MicroStrategy’s purchase of 10,000 Bitcoin did not move BTC’s price.
• MicroStrategy bought 10,624 BTC for $962.7 million last week, bringing total holdings to 660,624 coins worth $60 billion.
• Crypto experts explained that large institutional purchases happen through OTC (over-the-counter) desks, not public exchanges.
• OTC trades match buyers with sellers off-exchange, avoiding order books and preventing visible price spikes.
• Bitcoin price movement depends more on execution method than purchase size, with OTC trades settling quietly behind closed doors.

Andrew Tate posted on social media asking why MicroStrategy’s massive Bitcoin purchase failed to impact the cryptocurrency’s price. The former kickboxing champion expressed confusion about how the company could buy thousands of coins without moving the market.

MicroStrategy acquired 10,624 BTC for $962.7 million over the past week. The purchase brought the company’s total Bitcoin holdings to 660,624 coins worth $60 billion at the time of reporting.

Despite the size of the acquisition, Bitcoin’s price remained stable. The cryptocurrency stayed between $88,000 and $92,000 during the purchase period.

Tate asked his followers to explain how such a large purchase could happen without affecting the price. His question sparked responses from several crypto industry figures.

How Large Bitcoin Purchases Work

Binance co-founder Changpeng Zhao responded to Tate’s question. He explained that buying 1/2000 of the market cap does not typically cause major price movements.

AcropolisBTC CEO Chase Palmieri provided more details about the purchase method. He said MicroStrategy uses algorithms designed specifically to avoid impacting the price.

Palmieri pointed out that the company bought Bitcoin over a full week. MicroStrategy only announced the purchase in a single day, which may have created confusion about the timeline.

Crypto analyst Quinten Francois offered a detailed explanation of OTC trading. He said large companies like MicroStrategy buy Bitcoin through over-the-counter desks rather than public exchanges.

OTC desks match large buyers with sellers who operate outside normal exchanges. These sellers include miners, early Bitcoin holders, corporate treasuries, venture capitalists, market makers, and distressed holders.

Why OTC Trades Don’t Move Prices

Francois explained that OTC transactions happen privately behind closed doors. None of these trades go through public order books where regular traders can see them.

This means the price charts never react to these purchases. An order for 5,000 BTC can take weeks to complete as the OTC desk collects coins gradually.

The desk accumulates Bitcoin piece by piece over time. It then sells the full supply to the buyer once collected.

This method avoids any visible price spike on public charts. The execution happens completely off-exchange where retail traders cannot observe it.

Tate’s purchase represents only about 0.05% of Bitcoin’s circulating supply. When sourced through negotiated block trades rather than spot exchanges, the effect becomes nearly invisible.

Bitcoin broke out of its sideways pattern only after the purchase announcement. The move came from a combination of whale accumulation, short liquidations, and regulatory developments rather than MicroStrategy’s buy alone.

MicroStrategy continues to accumulate Bitcoin through these OTC methods. The company’s purchases settle quietly without triggering immediate market reactions visible to retail traders.

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