A notable diamond hand investor recently sold 199 Bitcoin ($13.55 million) for a profit, according to data from Lookonchain. This transaction marks another significant move for the investor, who has made a series of profitable sales over the years.
Bitcoin Investor Pulls $44M Profit After Strategic Sales Over 5 Years
He pulled out 801 Bitcoin ($8.25 million) from HTX exchange five years ago when Bitcoin was only at $10,297. Since then, the individual has gradually been offloading parts of their holdings and within the last month they have disposed of 500 Bitcoin worth $32.13 million.
At the moment, the investor owns 301 BTCs, which is equal to $20.42 million. The accumulative revenues from such transactions have now risen to about $44.28 million, further demonstrating their performance in terms of good holding gains and timed exit gains.
Diamond Hand Investor’s Volatility Management Leads to Huge $BTC Profits
This ‘diamond hand’ strategy is based on the investor’s confidence in Bitcoin’s fundamentals, while they are at the same time making good money out of short-term price movements. The fact that the investor has been selling considerable proportions of it especially when Bitcoin prices had skyrocketed in the months prior to the writing of this paper, affirms the investor’s volatility management, and portfolio health.
Stories like this, from Lookonchain, show how Bitcoin attracts both retail and institutional investors, and may result in large gains for those who could afford to wait out the cycles.
