As soon as they complete the HP->XPY conversion, they are going to need a shitload of BTC to cover those who decide to cash out their XPY.
Then they are going to need another shitload of BTC to cover all the miners who held their coin to cash out their XPY.
Then they are going to need yet another shitload of BTC to cover all the speculators (ie, mostly their own cultists) who bought XPY on the exchanges in hopes of arbitrage.
That my friend is going to be a hell of a lot of BTC going out the door on monday so they better have a damn big BTC wallet ready to go.
Yep... they are going to need a lot of BTC. But they have been mining it in reserve in return for the HP for a while now.
I think you guys forget, that there will be a limit on how much BTC you can take out of Paybase without verification.
Homero just said there's no floor any time soon, so this discussion is moot for now actually.