I don’t think it worked quite like that. It’s a little more nuanced. But yes, u could easily increase hive piece to well above 10usd. And far beyond that. In this case (with 1 bn usd going into hive to convert to hbd, I’d imagine the market cap of hive would easily be well above 5 bn. Well above. The ppl buying hive for hbd would have to build into their strategy they there would be selling from hiveans and have enough mitigation to absorb reasonably expected selling amounts. This is one of many mitigation’s that should be considered before a hedge fund does such a thing
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