“BlackRock's Acquisitions of Mining Shares:

In mid-August 2023, #blackrock reportedly purchased shares in four major #mining companies, spending over $400 million in total

BlackRock's total holdings in Marathon, Riot, and CleanSpark reached $775 million as of December 31, 2023, up from $76 million a year earlier

BlackRock increased its stake in Endeavour Mining by 12.79% through additional share purchases.”

This is part of the set of facts fueling the FUD or maybe not FUD about BR starting up a takeover event. I think it’s unlikely but my wishful thinking borderlines on toxic.

SO!

I want to bring attention to the idea that, for new countries getting involved in strategic reserves, it’s equally as important to fund and develop a robust mining economy in your country to prevent any one global player from getting past the baseline panic point of 33% control of the network, which BR seems to have passed. It’s essential for them all to create positive business environments for the mining companies to grow the industry and shrink any one player’s stake.

Nobody is really saying this anywhere so I am saying it here. I created my account here firstly to discuss this imminent situation.

Dear Poland, Argentina, Brazil, Russia, Japan and others, please prioritize funding and deregulation for bitcoin mining in your countries to prevent the sovereignty of our precious network, this money will be nearly as well spent as that used for stacking.