Hey all,
Posted here a few days ago and got a few leads, but looking for more. I have a buyer looking to purchase up to $11 billion USD worth of BTC. Minimum 100K BTC, but willing to purchase as much as seller can provide. Background on buyer--Buyer is a banker and runs an algo trading outfit and VC fund. The chain is very short on my side--my friend is buyer mandate.
Let's make some money!
Key points:
• Locale
○ Preferred to conduct transaction face-to-face at HSBC in Hong Kong, no escrow
○ Also willing to conduct in Singapore, Cyprus, Dubai, Switzerland
○ Least preferable is conducting transaction in the US
• Deal structure
○ Looking to purchase 100K+ BTC
○ Single or multiple tranches are OK. Can purchase increasing amounts on a daily basis. Also willing to purchase in one go. Minimum of $10 million per tranche.
○ If within HSBC HK, test transaction of up to 50 BTC. Internally, HSBC transactions settle within minutes.
○ If outside of HK, test transaction of 5 BTC, non-negotiable.
○ Looking for 3% net discount, 2% commissions, 5% gross discount. Negotiable.
○ Structure as an investment agreement or asset purchase agreement.
○ Willing to wire first.
• Proof of funds
○ Highly prefers bank-to-bank POF, does not want his confidential POF information floating around on the internet through intermediaries. Bank-to-bank via call or lawyer attestations. Has authorized bank to release POF documents to counterparty bank only.
○ If seller wants buyer company info for KYC, he wants to see their company information as well.
