If you read my question it was for the USD denomination hard cap. At the current price of BTC they could sell only 60M:ish CRPT coins/tokens before they hit the 47M USD cap and probably lot less as BTC is most probably going north also in the coming weeks. Not the 210M as presented in the materials (70% of 300M max allocation of CRPT coins) as it would be worth over 150M+ USD!!

I was asking that are the BTC covnverted to fiat instantly at some exchange or are they held until end of the ICO and then converted or some other plans? FUD would be that they're hoarding BTC for speculative means and thats the most riskiest scenario as the price is very volatile. So lets say they get the hard cap 47M worth of BTC at current BTC/USD price. The ICO ends and all is fine and unsold tokens are "burned" but the BTC's gathered from the ICO are still in HODL and no hedges are made. Then the price of BTC goes -50%, -30% etc. or it goes +50% What happens to the project funding and possible USD loss or profit from the BTC? Their funding won't be sufficent to the planned budget any more if they haven't sold/hedged their BTC to USD and it drops. Or will they get free money to the company stake holders if/when the BTC rockets and they get extra USD? Or is the surpluss allocated to the community somehow (buy back scheme etc.)?

Normally companies have risk management and would be interesting if that in the funding of this magnitude of project would be just "forgotten"...

So some conspiracy theory could be that this ICO is this a nice swap of CRPT coin to BTC to the company stockholders and other innercircle that will keep the BTC and speculate with the price going to the MOON? There is no worries if that happens if the price fluctuation is hedged away so in the worst case scenario the pipeline funding and budget won't be affected.