2/5 🧵 On the early buy pattern, I can only be precise about the stated model, not a full transaction-by-transaction ledger from the sources here. The profile bio frames LeoStrategy as a permanent capital vehicle buying LEO on balance sheet, and later posts describe LEO accumulation being funded by capital raises and market-making revenue rather than random open-market nibbling., LeoStrategy says it held about 5M LEO at that point and had been “steadily accumulating” LEO, with raises like LSTR and SURGE feeding that process.