Propose buying one BTC to hold as part of treasury funds. At current price 1 BTC = 13.23 ETH or <3% of current ETH holdings.
Why: Diversification of funds (even though small to start), is a good strategy to retain wealth. BTC is the hardest currency in the world today.
How: Stored in multisig wallet. Would like to see one community member as a signer? - Need to explore the risks though.
When: I am not a trader, we could wait for a dip on ETH/BTC or now as the time frame to hold the BTC is long.
Tax: I have no idea how that sh*t works, I am not American. lol Which tax authority is this wallet beholden to?
Desired Outcome: Extra buying power as BTC rises over a long time frame. Hedge.
Residual effect: Could catch the attention of non-SVS-holders. "The first NFT community wallet to hold BTC." -- I don't know if this is true ;)
Should it come with an agreement only to sell at ATH? Or other time-lock? - to be discussed.