dropt
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August 30, 2014, 08:39:27 AM

GABI starts buying Bitcoins in 3 days. Honestly, even if you are currently a bear it's best to hold on to your coins for a few more days and see if the price goes up or not. I believe they are going to purchase $200 million dollars total of Bitcoins (which I'm sure will be spread out to try to avoid massive price hikes), which is quite a bit of buying pressure.



They expect to have $200MM within a year of launch if IIRC.  I also read they've secured a deal with a large mining farm for purchasing, however I havd been unable to verify those claims.  

TL;DR: don't get your hopes up.