Update: buyer has increased his wallet to 50M from 20M, but the rest of the notes below are still accurate.

Notes:

Details about the Buyer:

1. The guy ran his own Hedge fund. He is a billionaire. He has his own money. He is able to be Googled and is a known person in the U.S. market. He is on the East Coast of the U.S.
2. He is buying BTC to sell to his own client base. He therefore needs a decent discount. His idea for the deal is to prove he is serious by a guarantee that he will purchase all the BTC listed in the SPA or Corporate Invoice by offering a Surety Bond which would pay the seller if he were to default on the contract. In his mind this is the strongest position anyone can offer of their intentions. Despite this, every seller has spectacularly failed as every seller has not had BTC, rather they offer BTC that they will buy with his money.
3. The broker who is direct helps vett the seller and then gets the gets buyer on the call.
4. The buyer will eventually want to talk to the seller directly and work out the procedures.
5. The buyer will share the wallet to the seller on their first call assuming there are no red flags. The wallet will have 5M of USDT and the buyer offers to load it 5 times per day allowing the purchase of about 375 total BTC per day. That’s 5 tranches per day at 75 BTC per tranche.
6. Hand Shakes have been part of the deals they have done in the past.

Requests from the Buyer to the Seller:

1. Can we get an assurance from the seller that they will work with this buyer who only wants to put 5M in a wallet at a time? It’s part of their security to only risk that amount at a time.
2. How soon can we see the seller’s wallet? At what point in the procedures? Sellers decision, but the buyer wants an expectation.
3. How many people between us and the seller? How many brokers needing to get paid?
4. Who has the power to bring the person direct to the seller to a call?
5. Can that person bring the seller to a call? Is the seller responsive?
6. What is the discount?