You really think they're keeping it in sats?

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Possibly. For corporate to push this through they gotta be somewhat based. For them to sell it immediately would be a mistake. I guess it depends if the franchise owner or corporate has control over those sats...

Good point.

If i was a betting man, I'd bet corporate has control of the sats and they'll "cash out" the franchise owners at fiat value. This is purely a guess.