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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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