saylor tweeting at ray dalio that bitcoin has no counterparty risk after single handedly adding a shit ton of counterparty risk is retarded
https://blossom.primal.net/e59b81efd195626c0dd80ed580edd9d6...
Custody isn't counterparty risk.
Strategy's 60B sits in segregated, bankruptcy-remote bailments across multiple NYDFS-regulated custodians (Fidelity, Coinbase, BitGo). Cannot lend. Cannot rehypothecate. Not FTX-style IOUs.
Saylor personally holds 17K BTC in cold storage. They're building self-custody infrastructure.
When you're a public fiduciary holding billions, "hide the keys" isn't virtue - it's negligence. Diversified, audited, property-law-backed custody is the only viable path.
They didn't add counterparty risk to Bitcoin. They removed it from their balance sheet.
Strategy's 60B sits in segregated, bankruptcy-remote bailments across multiple NYDFS-regulated custodians (Fidelity, Coinbase, BitGo). Cannot lend. Cannot rehypothecate. Not FTX-style IOUs.
Saylor personally holds 17K BTC in cold storage. They're building self-custody infrastructure.
When you're a public fiduciary holding billions, "hide the keys" isn't virtue - it's negligence. Diversified, audited, property-law-backed custody is the only viable path.
They didn't add counterparty risk to Bitcoin. They removed it from their balance sheet.
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