Somebody posted when they first started trading that xbt provider had 4000 coins for initial backing. Well today they are at 880k notes issues which is 4400 bitcoins. Sounds like they had to move those coins over to xbt provider to keep backing notes sold.
That was me that saw their 4000 coins move to a new address and just sit there. I had figured it was for XBT provider (since they were moved right before it opened on NASDAQ Stockholm), but they ended up selling those 4000 coins on Bitstamp at a rate of 500BTC/day. Currently there is no evidence for KNC Miners having any bitcoins behind XBT Provider at all.
They just moved 750 bitcoins to bitstamp for sell confirmed: https://blockchain.info/address/17uTKRCmCgdE5ie85tLu8hP2kRkh4zbhdh
They will likely sell the rest of the 8000+ BTC over the next week, be ready. As a side note they must have
been reading my post because they have now
moved their miners to a completely different wallet.