You keep posting this completely unsubstantiated theory.

Way back when the license changed the threads on HN had HashiCorp employees claiming the change was primarily to protect HashiCorp from the fact IBM was reselling Vault. IBM then went ahead and helped fork Vault (OpenBao).

Definitely not the case. HC leadership was totally desperate for any way to increase revenue and/or stock price. See also the announcement in a recent quarterly report that they were going to start doing share buybacks even though they are still operating at a loss.