Jun. 4 at 12:28 AM
$BKKT The Forensic Timeline: What Proposal 2 is Actually Trying to Erase on June 23
For the OGs who have been here, look at the historical timeline of wealth extraction management is trying to legally bury via the June 23 Proxy and this takes a couple of stacked posts to complete.
1. The Custody Heist: In early 2025, ICE bought our core Trust for
$1.5M and immediately began charging us
$4.5M/year to license it back. They stripped a revenue-generating asset to create a rent-seeking liability.
By contrast, in March 2026, Mastercard acquired BVNK for up to
$1.8 Billion specifically for the exact kind of custody and on-chain rails we transferred to ICE for pennies.
The valuation delta between
$1.5M and
$1.8B looks A LOT MORE like an engineered valuation collapse than "Business Judgment" (IMO).
Continued in the next post.
