So what's everyone going to do?
Can see this going one of 2 ways:
(1) The 174K BTC are auctioned off at a discount and combined with the flood of injecting 1% into the market causes BTC to drop
or
(2) The 174K BTC are auctioned off at higher than $600 per coin - it's not easy to obtain chunks of BTC of that size (i.e. VC's or companies with long-term plans for BTC) and BTC continues to rise
Or everyone sits tight and waits while nothing happens.
It all really depends on what price they get bought for. I'm hoping whoever buys them plans to hold them as an investment though. Trying to sell them all at once will be silly.