Coinbase doesn’t custody all of Strategy’s Bitcoin—so who does?

Strategy’s BTC holdings are substantial, yet custodians remain largely unnamed for security. Coinbase confirmed its role, while Fidelity purportedly holds 70,000 BTC. Authorities like the SEC insist on protected information, eliciting mixed reactions in the crypto community.

Michael Saylor, CEO of Strategy, has advised against revealing custodian details due to security risks, addressing investor concerns amidst skepticism stemming from previous industry bankruptcies. The crypto market remains cautious over transparency amid ongoing regulatory scrutiny.