In 2021, there was a absolutely crazy deal where if you donated money through Simply Miles to Conservation International, you got a whopping 240 American miles per dollar, which effectively brought the price of American miles down to 0.42 cents. Which I think mainly by coincidence is the exact same price that they are valued for when you look at Basque Bank earning, but I think that's purely a coincidence.
I think it's very easy to make American miles worth at least one cent, if not two cents or more. And so I personally know a handful of people who bought millions and millions of miles. I think if you spent $20,000 getting 240 American Airlines points per dollar, you would have ended up with 4.8 million American miles.
Honestly, I wish I could go back in time and take advantage of this.