Post
Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
gunhell16
on 11/11/2023, 22:23:43 UTC
I wonder who is handling the custody of this for them.  That was probably the hardest part of the whole thing for them to work out.

I figure it could be Greyscale, or one of the exchanges (Gemini? Kraken? Coinbase?).  Could be Bakkt? Of course they could do it themselves, but that is a fairly serious security undertaking when $250MM is the amount of value.

Looking at the news I do not see that detail.



Yes, and whoever holds the amount that they bought a large amount of Bitcoin is for sure a huge responsibility for him. And even I didn't see any news or any article news about the thing you are asking about.

Because the only thing we often read is how much they bought, which is the big value of bitcoin for their company. Well, anyway, let's not worry about that matter, as long as I'm the only one who thinks that Bitcoin is just like a coin to them when they buy it, while for others, it's very difficult to accumulate at least one bitcoin.