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Why has $BTC surged so sharply over the past 2 days?

Most of the buying came from #ProCap BTC, which purchased 4,932 BTC worth $514.5M.

On June 23, they announced a $1B merger and had raised more than $750M.
https://x.com/APompliano/status/1937123498624684246

In less than a day, they spent $386.5M to buy 3,724 $BTC at an average price of $103,785, causing $BTC to spike nearly 5%.
https://x.com/APompliano/status/1937519817767936038

Just now, they announced that they bought another 1,208 $BTC($128M) at an average price of $105,977.
https://x.com/APompliano/status/1937861252417544653
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Why has $BTC surged so sharply over the past 2 days?

Most of the buying came from #ProCap BTC, which purchased 4,932 BTC worth $514.5M.

On June 23, they announced a $1B merger and had raised more than $750M.
https://x.com/APompliano/status/1937123498624684246

In less than a day, they spent $386.5M to buy 3,724 $BTC at an average price of $103,785, causing $BTC to spike nearly 5%.
https://x.com/APompliano/status/1937519817767936038

Just now, they announced that they bought another 1,208 $BTC($128M) at an average price of $105,977.
https://x.com/APompliano/status/1937861252417544653

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Telegram does offer end-to-end encrypted communications through Secret Chats, but this is not the default setting. Standard conversations use the MTProto method, enabling server-client encryption but with them stored on the server for ease-of-access. This makes using Telegram across multiple devices simple, but also means that the regular Telegram chats you’re having with folks are not as secure as you may believe. The regulator said it has been undertaking several campaigns to educate the investors to be vigilant while taking investment decisions based on stock tips. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks. This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors. Pavel Durov, a billionaire who embraces an all-black wardrobe and is often compared to the character Neo from "the Matrix," funds Telegram through his personal wealth and debt financing. And despite being one of the world's most popular tech companies, Telegram reportedly has only about 30 employees who defer to Durov for most major decisions about the platform.
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