This is an interesting point. Such a large volume can also be used to manipulate the share price—selling into a slightly declining price on low-volume days to create nervousness. Then the shares can be bought back once people are induced to give up their holdings.
This might sound like conspiracy theorizing, but I believe it could even be the truth. The price has risen significantly in the short term, and down days easily trigger a feeling of “I’ll sell while I can still get something.”
In the long run, such a volume will have other opportunities for influence that remain to be seen. Apparently, some larger private investors have been contacted directly to ask about their interest in selling their shares. This already indicates that there is belief in greater potential at the “bigger tables.”
Bittium is indeed in a very interesting situation for the long term right now. In the short term, there will certainly be volatility. Personally, I’m holding onto my few shares at this stage and seeing what the future holds. This story is only just beginning, and we’re waiting for news.