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20 sats \ 3 replies \ @grayruby 4 Apr \ parent \ on: Has Michael Saylor's Strategy built a house of cards? AskSN
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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