With a $3.4b warchest this entirely undermines their (plainly untrue) narrative about restricting the stock due to capital requirements.
I mean, you think the owners are diluting their ownership just for fun? Nobody does that.
Also why do you think the capital requirements are untrue? There have been plenty of factual articles describing the precise increase that was required and how it was spread across different trading platforms.
It's not speculation, it's well-document fact.
Do you have any proof that's not the complete and honest explanation? Because it sure seems sufficient to me, nothing further needed.
And please refrain from derogatory comments like "anyone with two brain cells can see" here on HN. It's against the guidelines.