First of all, let me report total funds under my control, which constitutes the complete B&C development fund:
196,000,000 NSR at SSajkovCPXwdw46nyJ7vpTDkwtRZJzyY2z
The original NSR were purchased for 53 satoshi. About a third of it was sold for US-NBT at various prices, all much higher than 53 satoshis. With NSR prices now at 37 satoshis, it is prudent to sell most of the US-NBT for NSR once again. The result will be more NSR in the fund. I plan to sell around 30,000 US-NBT for NSR very soon. Another 10,000 US-NBT will be parked soon. These actions are expected to have almost no impact on peg support for US-NBT or the NSR price. This is because it won't change the quantity of funds in the network. It merely switches them from US-NBT to NSR.
I wish to draw attention to this trading pattern for a number of reasons. First, it shows that providing liquidity in NSR can be lucrative to those who are patient and simply sell on spikes while purchasing on dips. It is a good illustration of how we create win-win scenarios. B&C provides liquidity to NSR (which means peg support), and it gets more NSR.
We will see a continued pattern of NuShare holders selling NSR low and buying it high. While this may seem stupid, it isn't, because it makes providing liquidity to NSR very profitable. There is a sort of arbitrage to be had there by players such as B&C. Competition for this arbitrage should continue to grow. That will take the form of even greater NSR liquidity and smaller differences between the shareholder buy and sell prices. NuShare holders selling low and buying high is generating NSR liquidity. NSR liquidity is the most important factor in peg strength. We have created a synergy between B&C and Nu in this way. I encourage everyone to do the same. Anyone can.