I'm not entirely with you here - I value the longterm consequences over the immediate ones ;)
And I think they are smart enough to not let the price drop huge by selling millions at a time - The account with the most losses in case of a huge drop would be themselves!
I have no idea what the money is for.
Me neither obv. I just think this post looks a little bit panicking and panic could harm the price even more!
So I guess we will just have to trust them here - As long as they, sadly, don't make an announcement about it.
I'm the last person panicking here. I'm powering down by myself since a couple of weeks :-) Steem's gonna build me a nice new house.
I just thought it could be interesting for investors to know where the money's going.