Lets play a game. Guess the nation that has been quietly stacking.
Discussion
How do we know it's a nation state?
Because David Bailey knows
China if not mideast/even Russia
Russia and the CCP probably have been mining it and have 0 interest in letting people know. Buying in the open market is different. I doubt they are but who knows. The efforts by nostr:nprofile1qqsvnvvlln2ru6jlyweayugxecv7ftfdlzd6zqca63sh7x6ercggjegpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueqpp4mhxue69uhkummn9ekx7mqsu0f2w nostr:nprofile1qqsfwecny3krdkc6gdj0j9aesceuhcyqt4r2lzq0ddg22pw5avew63cprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyx8wumn8ghj7cnjvghxjmcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduyakpmn were going pay off eventually. I am sure they know who it is as well.
Saudi Arabia is my guess.
My guess as well. Makes sense not to announce though until you are fully allocated so we might now hear about it for a while.
Correct.
US has been stealing it.
or United Arab Emirates
Yup the top guesses but maybe it will be a surprise nation we didn't think of.
I’m going with Russia in a new Bitcoin Cold War in prep for a potential US “strategic reserve”
Qatar
Andorra. Gotta be Andorra.
Petoria
Maybe that is what Ukraine has been doing with all the billions the US sends them. 🤣
Norway or Switzerland
Argentina
Qatar is my guess.
🇹🇭
Price action might be confirming this. We shall see. Stay humble stack sats. 
Gulf State, Russia, or Argentina is my guess. For Bailey to know, I don’t think Russia. It could be a southeast Asian country. But, if the gulf states are in BTC. It’s a wrap. Gradually. Then, suddenly.
The first nation that came to my mind was Kuwait and then Saudi Arabia.
My vote goes to UAE or Qatar
Russia
Definitly not a EU state
JFC just look at Germany. What a disgrace.
Anyway I say it’s UAE because that would be funny
Argentina