But even more astonishing is one of the details buried in their IPO filing. Let's consider the implications:
After the failure of 2X, @JihanWu pursued a policy of creating a miner-controlled alternative to Bitcoin: BCash.
Jihan's solution was to attempt to replace Bitcoin with Bcash.
Bitmain propped up the price of BCH giving some small credence to the narrative.
Why would a billionaire owner of the most powerful mining company on earth respond to a nobody?
In making this trade he was cornering BCash:
Bitmain will be forced to abandon its efforts to prop up BCash and focus on the reality of the market: