Hi all,
Apologies if there is already a thread on this - couldn't find one.
Could be v. interesting for BCH when they go public and release all that sweet cash!
Source:https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/
Okay, I checked your source. What they are holding essentially amounts to:
Perhaps more significantly, that stake represents more than 5 percent of the 17.3 million BCH currently in circulation and 12.5 percent of the 8.4 million BCH that have been moved since the Aug. 2017 hard fork.
Correct me if my calculations are wrong but 5 percent of 17.3M BCH equals 0.865M coins. This is a little smaller than Satoshi's stash of 1M bitcoins. It doesn't look like the latter are going to be released into public soon, so what makes you think that Bitmain is going to dump their coins at all? After all, let's not forget that Satoshi also has 1M BCH (if I'm not mistaken), so they can use their stash as a leverage or counterweight against his BCH holdings in case he decides to do something with his BCH coins.
