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32 sats \ 3 replies \ @ChrisS 9 Dec \ parent \ on: MicroStrategy Acquires 21,550 BTC; Now Holds 423,650 BTC bitcoin
The question isn't whether coinbase has the bitcoin right now or not. Maybe they do maybe they don't. It will be hard to know for sure until something bad happens. The point is microstrategy has none. Same with most of the etfs. And sadly, eventually something bad will happen.
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11 sats \ 2 replies \ @Aardvark 9 Dec
So microstrategy is betting 400k BTC on coinbase not going insolvent....
That's quite a wager.
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0 sats \ 1 reply \ @028559d218 9 Dec
My understanding is that most of their Bitcoin... is at Fidelity. Not Coinbase.
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0 sats \ 0 replies \ @ChrisS 9 Dec
Incorrect.
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