Keep in mind. What if it had played out to the negative? Have to believe both parties understood the potential implications. My best guess it stands as an “At arms length agreement”
BGL did the same deal with DigitalX and the bitcoin contributed to the deal was at face value of btc on the day. They did not try to renegotiate on the deal for 40% of the company off the back of btc going up!
I think that was the intention to begin with. We give you currently valued: $250k of bitcoin. once the finalization of the rest of the investment occurs, use that to physically pay off debts, services, etc. Meantime, hang onto the coin as it appreciates and I call the office next to yours after the merger.
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