About 40k monero for about 150 BTC, that makes avg 0.00375
Is this really an efficient way to buy that many? I mean I can give the benefit of the doubt and say they wanted them quick, but still, what about in roughly 2K chunks with delays in between?
I am sure many have experimented....
There may be other motives than just buying XMR. If I had to guess, this guy already owns a significant amount of XMR. Doing market buys helps drive the price in one direction. This is because people see a rising trend, they see that large buys are happening, that resistance is being broken. Big buys can draw a lot of attention and maybe even FOMO.
With some patience the price could go above 0.004 and he will sit at a pretty hefty profit. Not only from his recent buy, but in total. Even if the price doesn't go that high who's to say the price stabilizing at say 0.0035 won't be a lot more profit for him than 0.003? It all depends on his current holdings.
Consider another scenario: he kept the wall at 0.003 and waited for people to dump into it. Over time, it would be dumped away, what would happen then? The price would likely fall further because the trend is down.
So I think trying to establish a trend is part of the reason. If his only goal was to accumulate as much XMR as he can, I agree that he would have done it differently.