EDIT: "nationalization" of MSTR was always one of the possible scenarios..what remains to be seen is "at which price point"?
Right, Saylor's balloon is already critically "strategic" now that KYCed bitcoin is acceptable. Any corporate entity legally domiciled and physically custodied in the US is easy grabbins one way or another, and the coins ultimately become the domain of 2B2F transnational banking interests.
Yeah? Show me proof of reserves and "maybe" I will believe it.
Yes, it's hard to believe without transparent proof of control. In the past this has only been done with SR coin auctions.
MSTR's bag is now 715k coins, US domiciled ETFs possess 1.265M, while all other US corporate treasuries sum to roughly 340k, for a grand total of 2.645M US domiciled above-ground on-shore bitcoin resources, or 12.5% of supply.
That is an interesting theory - which is that various private BTC holdings (to the extent that those entities are under USA jurisdiction) count as "USA" holdings. I am having trouble with that framework, even though surely there are folks think like that and talk like that.
The decision was made that it is more efficient to seize "criminal proceeds" rather than criminalize bitcoin (except in the case of small amounts for decorative NFTs and keepsakes) and direct all to deposit coins with treasury for fiat. Isn't the result the same? The question becomes whether the bag can be filled without expanding
criminality very much and what constitutes "full". The "finders-keepers" extraction technique also has the desirable side effect of
not immediately increasing spot price, making the MSTR angle more effective.
The distinction is made for gold such that below-ground reserves are also considered: the same makes sense regarding unmined block acquisition capability and all above-ground on-shore bitcoin tax resources' holdings, in which case the total-total is probably around 5 million? At some point, too much supply controlled by one entity begins to make it look like scrip or coupons.
blowing up on the manipulators who are proclaiming to have way more bitcoin than they actually have
All it takes is a wall of new fiat
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