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40 sats \ 5 replies \ @Bitcoiner1 14h \ on: How do Organizations Self-Custdy their sats stash? bitcoin
Most of them use Coinbase to hold their funds. Bitgo is another big company that hold funds for big clients.
That just shifts the question to how Coinbase and Bitgo secure their holdings as management changes.
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That's what I guess. Wondering if Strategy is actually self-custodying as Mr Saylor mention on this video. I guess is not, but maybe they are?
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Wondering if Strategy is actually self-custodying as Mr Saylor mention on this video.
Saylor is a smart scammer, you should drop following what he says, is spitting only deceitful lies and is a fiat maxi.
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Am not following, just referring contents. In the video above, he promotes self-custody but then use third parties to hold Strategy stash. This is even a dummier decision when one realize that only 2% of these funds are actually insured. If something happen to CoinBase they lose 98% of it, by contract.
Let's take Strategy now, they hold only 80k BTC circa on coincabse, where are the other stored then? Self custody?
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Strategy "owns" only IOUs, NOTHING. Maybe Saylor himself, for his personal stash have some BTC in self custody in a cold wallet. But I doubt that MSTR have any BTC in 100% own control. Only paper BTC.
Let's stop this all bullshit with saying that MSTR "owns" half a million BTC. That's total bullshit.
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