Crypto Community Abuzz As Jeff Bezos Is Rumored To Buy Bitcoin After Offloading Billions In Amazon Stock

Speculation is rife in the cryptocurrency community, with Bitcoin crossing the $60,000 milestone earlier this week. The latest unconfirmed rumour on the crypto streets is that former Amazon CEO Jeff Bezos is buying Bitcoin (BTC) following his recent financial moves.

Was Bezos Orange-Pilled By Michael Saylor?

The latest rumour comes after Bezos sold a significant portion of his Amazon stock. In a post on the X (formerly Twitter) platform, Apollo co-founder Thomas Fahrer suggested that Bitcoin could be the reason behind the billionaire’s stock selloff.

“Is Jeff Bezos piling into Bitcoin right now?” Fahrer asked provocatively. The pundit speculates that Bezos’s reason for diving into BTC is “billionaire FOMO,” or fear of missing out. 

Bezos got rid of roughly 50 million Amazon shares in February, valued at around $8.5 billion. The sale comes after a substantial increase in Amazon’s stock price, which has spiked over 70% in the past year. Nonetheless, Bezos remains the biggest Amazon shareholder, with a net worth of over $190 billion, despite the stock disposal.

According to a report shared by Fahrer, Bezos and his fiancée, Lauren Sanchez, celebrated her birthday in a yacht docked at the port of Gustavia on the island of Saint Barthélemy in France with a slew of celebrities and business moguls, including Michael Saylor — BTC permabull and MicroStrategy Executive Chairman.

Bezos dining with Saylor has sparked speculation about the ex-Amazon CEO’s interest in the premier cryptocurrency, particularly since Saylor is an outspoken BTC evangelist. Crypto spectators would assume that Bitcoin probably came up, considering the success of MicroStrategy’s BTC gambit. The notoriously pro-Bitcoin software intelligence firm is the largest corporate owner of Bitcoin, currently holding a staggering 193,000 coins.

This speculation was further fueled by crypto commentator InvestAnswers, who noted the creation of a new Bitcoin address that saw a mega transaction of 26,200 BTC at $51K. According to InvestAnswers, the “monster $1.3 BN Bitcoin buy” could have been initiated by a deep-pocketed user such as Jeff Bezos, Mark Zuckerberg, or even a sovereign wealth fund.

However, it’s important to stress that Bezos has not yet released any statements regarding any potential BTC investment. Moreover, there is no concrete evidence or public records that support such claims.