We track the LEO Powerdowns and sellers. This helps us buy LEO more efficiently. What we noticed is a large amount of old holders from the Hive side who were happy to powerdown and dump 100% of their LEO for more HIVE.
We slowed down our purchases in anticipation of this. Allowing these sellers to exit without overpaying them.
This doesn't mean we're not buying: LeoStrategy has managed to accumulate nearly 15% of the supply throughout 2025 and the majority of this was in the past few months.
As we continue to accumulate, we must do it efficiently. We still have a lot of dry powder to deploy.
The 10M/10M plan is a goal and our goal is to make it reality. The stablecoin launch would see us add millions of LEO to our balance sheet. We wanted to launch this prior to the end of 2025 which would see a surge in the LEO price along with unprecedented buying activity from us.
We do not control the LEO price but we do track it and adjust our velocity of accumulation accordingly. If we see a lot of sellers on the way, we take a more defensive approach to accumulation.
Many seem to want us to manipulate the LEO Price higher. That's not the goal of LeoStrategy.
The goal of LeoStrategy is to maximally accumulate $LEO, add it to our perma-staked balance sheet and then deliver products & services based on that LEO. (see our last post about turning LEO volatility into refined products).
The lead-up to the Stablecoin launch must be executed flawlessly. Lending has a lot of capital controls and caps on it to prevent any blow-ups. The size of lending will directly depend on the ability for our stablecoin launch to be successful.
That makes sense. I get the slow-playing of the buying. Why pay more for something people are going to sell to you regardless, right?
Will we ever be able to track market-making profits? I'm sure there's a way we could do it now if we were smart enough to be able to use the Explorer. I'm not. lol Two and three cent wins on trades doesn't seem like a lot, but when the token you're buying is 6-7 cents, it all adds up.
TBH, the stablecoin makes me nervous. We've seen some pretty spectacular examples of crash-and-burn with those over the years. I can't wrap my head around a way to create a "safe" stablecoin. Even the USDC and USDT still make me nervous. I'm sure you have a plan, but I'll look forward to a detailed explanation as to how it will maintain its peg without being vulnerable to a downward spiral.
In the meantime, I'll just keep plugging away. I've been accumulating for 7+ years now. No reason to stop now. :-)