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0 sats \ 2 replies \ @DarthCoin 12h \ parent \ on: How do Organizations Self-Custdy their sats stash? bitcoin
https://www.timechainindex.com/?resource=ChartsCoinbaseBUM
Saylor is a smart scammer, you should drop following what he says, is spitting only deceitful lies and is a fiat maxi.
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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