I remember when people were saying "what happens when LeoStrategy buys up all the LEO Supply"
You forget that the supply gets inherently smaller and smaller as LeoStrategy buys
People have to sell their LEO in order for LeoStrategy to buy it
Right now, a lot of people are selling their LEO and I've seen LeoStrategy pick up 300,000+ LEO in the past 2-3 days
This is fantastic for the $LEO token economy IMHO. LeoStrategy can never sell the LEO it acquires, so 300,000 LEO in the last 2-3 days has now been permanently moved from weak hands to vibranium hands
If LSTR owns 10M - 15M LEO in the future, I think that's an amazing thing. It depends on what is done with the LEO it holds. If LSTR successfully launches derivatives, projects like @lstr.voter, @surge.yield, collateralized lending, etc. all around the balance sheet of LEO it holds, then they are driving constant cash to their balance sheet which is relentlessly poured back into more LEO.
Over time, LEO gets more scarce
Ahhh I see, so by doing OTC deals which adds to Strategy holding but not showing up on H-E buys / sells....Was wondering that, because there hasn't been 300,000 LEO purchased by them on the markets on H-E.....Unless I completely missed it.
I actually think about 200,000 of it was still HE market buys
It's kinda irrelevant where they buy it since if they didn't offer OTC deals, then those LEOs would just hit the market and tank the price (also allowing arbitrage bots to profit on our economy)
So LeoStrategy is accumulating quietly in the background. The LEO in their Arbitrum wallet + Hive wallet keeps expanding massively
I think that's a hang up a lot of us have, well me specifically....I know that LEO is not native on Hive anymore, but the majority of the people on Threads, watch H-E prices and movements. (pointing at me)
When it's done offchain or in the background, they don't 'see' it.
But big picture, is pulling out and looking at the fact Strategy is accumulating and literally locking it up forever.
1% effectively locked up in a couple days is massive.
Do that 5 times throughout the year and we will see some shifts in the impact of Leo tokenomics.
300k LEO shifted into vibranium hands in just a few days is huge. Scarcity keeps tightening, while the balance sheet builds more tools (LSTR voter, SURGE, lending, derivatives).
That’s the beauty of it every LEO that LeoStrategy absorbs is effectively out of circulation forever. 🦁