Interesting. So, these Corps could be sitting on a pile of gold but on paper they don't look as good. Doesn't that help them buy back their currencies at a much lower price?
It ought to, absolutely.
Basically it makes spot markets tend to be places to pick up assets cheap by building a buy-side and waiting for "dumpers" to "dump" onto your buy offers.
However sites like CoinMarketCap, CoinGecko and suchlike tend to look at the buy-side to come up with their estimate of what an asset is worth, so there is still incentive to try to build your buy-side upward, also one cannot just arbitrarily pump stuff into one's "treasury" since the calculation of value based on "treasury" doesn't actually directly look at the "treasury" account, rather it calculates from the game's record of what it has officially put into the treasury; so there is no point secretly sneaking stuff into your treasury as it won't count unless the game's own records record the addition to the treasury, so basically we can simple not let folk "officially" add to their treasury if their spot market prices have not managed to at least make a decent showing toward getting up close to their calculated value and managing to stay there through whatever "dumps" the increase in their spot market prices triggers...
So presumably the approach to take ought to be to first use one's slush funds to build up the buy side on the spot market at least close to the calculated price and keep it there a while and only then propose officially adding some stuff from one's slush funds into one's treasury.
-MarkM-