How do we know it's a nation state? 

 Because David Bailey knows 

 China if not mideast/even Russia 

 Russia and the CCP probably have been mining it and have 0 interest in letting people know. Buying in the open market is different. I doubt they are but who knows. The efforts by nostr:nprofile1qqsvnvvlln2ru6jlyweayugxecv7ftfdlzd6zqca63sh7x6ercggjegpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueqpp4mhxue69uhkummn9ekx7mqsu0f2w nostr:nprofile1qqsfwecny3krdkc6gdj0j9aesceuhcyqt4r2lzq0ddg22pw5avew63cprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyx8wumn8ghj7cnjvghxjmcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduyakpmn were going pay off eventually. I am sure they know who it is as well. 

 https://image.nostr.build/82216ca9a4ce30a57f3abe61e946ca77ecc447993ae2e1abc44d4eafa44f61ee.gif 

 hmmm, I don’t know… it’s not Spain for sure  

 yes 100% not Spain lol 

 UAE 

 Them or Saudi Arabia are my guesses 

 Great minds...  

 Saudi Arabia is my guess. 

 My guess as well.  Makes sense not to announce though until you are fully allocated so we might now hear about it for a while. 

 What does this mean "fully allocated?" 

 Until they accumulated all the Bitcoin they set out to buy.  

 Sorry I tried to be funny, i.e., you cannot have enough such that full allocation is impossible. 

 Correct.  

 US has been stealing it. 

 Saudi Arabia
 

 or United Arab Emirates 

 Yup the top guesses but maybe it will be a surprise nation we didn't think of.  

 true if big 

 I’m going with Russia in a new Bitcoin Cold War in prep for a potential US “strategic reserve” 

 Puerto Rico 

 PR is bankrupt and does not have a printing press. 

 For sure. Just recognized the flag in his post 

 and is not a nation lol 

 Qatar 

 Japan. 

 Fire up that printing press even harder Japan!  

 I'd say UAE as well. Doesn't Bailey live out that way? If so, I'd assume that he is in the know that it would be them. 

 To be honest not sure where he lives but I agree on the guess. Hopefully we find out. If its a bigger nation could bring on nation  fomo 🚀 

 Puerto Rico 🇵🇷 he lives  

 I like Germany’s chart in there 😂📉 

 https://media2.giphy.com/media/NM8ZZLPsPk1nq/200w.gif 

 I'll say Thailand. Heard rumblings about em recently.  

 Was not even on my radar would be interesting hopefully we do find out.  

 Would be a foothold in SE Asia for Bitcoin. Bullish on that region.  

 Andorra. Gotta be Andorra. 

 Petoria 

 Bhutan 

 They are on the list so it won't be them. 

 Oh shit I am blind lol 

 😂😂 

 UAE. 

 Quttar 

 Qatar? 

 Yeah. That’s how you spell it. 

 Maybe that is what Ukraine has been doing with all the billions the US sends them. 🤣 

 Norway or Switzerland 

 Argentina 

 Qatar is my guess. 

 #SoftWar & #HashWars

expect the unexpected! 

 NATION STATE FOMO 

 🇹🇭 

 Price action might be confirming this. We shall see. Stay humble stack sats. https://i.nostr.build/RmvpLSR1VuV67rHx.jpg
nostr:nevent1qqsx7grtsq6z2amarmk0qj7w68yykp3hxqtfkymna52pufstexkx8dspzemhxue69uhhqatjwpkx2un9d3shjtnrdakj7q3qq8w7u2ymrghfpp6v5dpg57jpgaj2djk340a2npwzq8n64ksk6wxqxpqqqqqqzpc8jm3 

 Gulf State, Russia, or Argentina is my guess. For Bailey to know, I don’t think Russia. It could be a southeast Asian country. But, if the gulf states are in BTC. It’s a wrap. Gradually. Then, suddenly. 

 I’ll throw France 🇫🇷 out there… 

 The first nation that came to my mind was Kuwait and then Saudi Arabia. 

 My vote goes to UAE or Qatar 

 Russia 

 Definitly not a EU state 

 Saudi Arabia 

 My guess as well 

 JFC just look at Germany. What a disgrace. 

Anyway I say it’s UAE because that would be funny 

 Argentina