Own 97% of shares
It actually makes a lot of sense, considering the psychology of a bubble. Prof Jean-Paul Rodrigue infamously broke down the bubble mindset into four phases: STEALTH, when smart money begins to accumulate a position, and place big bets; AWARENESS, where institutional investors start to see opportunity; THE MANIA, when prices start to really take off after the public jumps in, and smart money begins to rotate out; and THE BLOW OFF, where people are terrified to touch the asset, after watching everyone lose a whack of money in the decision.