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40 sats \ 4 replies \ @Coinsreporter OP 4 Apr \ parent \ on: Has Michael Saylor's Strategy built a house of cards? AskSN
It does make a lot of sense. My suspicion is based on Strategy buying paper Bitcoins instead of real. Is that true?
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20 sats \ 3 replies \ @grayruby 4 Apr
If you believe that Coinbase doesn't have all the Bitcoin their customers have claims on then it is true.
Some of their Bitcoin is custodied with Fidelity.
I would like to see them move it once a year just to prove it is all there. But maybe they are scare to just in case it is not. Haha
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40 sats \ 2 replies \ @Coinsreporter OP 4 Apr
That's the problem and Strategy needs to address it before late.
If conbase falls, thatbcan be catastrophic to strategy as well.
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20 sats \ 1 reply \ @grayruby 4 Apr
Yes, I don't understand why all the etf issuers are comfortable holding all their Bitcoin with Coinbase. You would think they would want to have 3 or 4 custodians.
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30 sats \ 0 replies \ @Coinsreporter OP 4 Apr
Maybe Armstrong's arms are the strongest in America. 😂
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