I feel like thinking about it as "200M USD" is not helpful when talking about the source of that "money". I'm sure the amount of "fresh" USD that where recently

I feel like thinking about it as "200M USD" is not helpful when talking about the source of that "money". I'm sure the amount of "fresh" USD that where recently exchanged to a crypto-currency only to participate in this ICO is absurdly small. This is a very very small amount of current total bitcoin market cap when expressed in USD. What might illustrate this is the famous pizza that was purchased with bitcoin in 2010, which would have been valued 23M USD today. So this is only 10 Pizzas that were not bought with bitcoin in 2010.