Another 50,000 HIVE came into LeoStrategy over the last few hours through SURGE buys. That's another 80-100k of LEO buys they can do in the next few days. As the SURGE sale picks up speed, there will be more and more HIVE available for LeoStrategy to pick up cheap LEO and lock it up forever. The LPS on LSTR is headed to 25 shortly. That doesn't seem to matter much right now as most of the Lions are focused on buying SURGE at that 20% discount, but once it hits Base, I expect that will change in a hurry.
The engines continue to be primed....
they have to keep some aside for SURGE weekly payouts I guess
That's why I said 80-100k. :-)
Exactly, the weekly payout reserve is the haircut. Still plenty of fuel to scoop a big chunk of cheap LEO before SURGE hits Base.
The engine priming is a good way of describing it
We haven't seen anything yet
Notice how the LSTR presale raised $90k to buy LEO and sent LEO to $0.25
Now, SURGE is aiming to raise ~$450k (raised about $112,500 so far)
Meanwhile, LeoStrategy has built:
All of this is built to simply acquire more $LEO which will increase the price of LEO. Combined with a growing stack of LEO = exponential balance sheet expansion (in USD terms) which = bigger future capital raises