I'm surprised MSTR stock got split 10:1, just seeing as how so many other stocks don't seem to be splitting these days. I know it's absolutely neutral as far as any statistics are concerned, but 20 years ago you wouldn't usually see a bunch of NASDAQ listings getting anywhere near $1k, which is what I'm observing not only with tech stocks but many others as well.
Well, as you may know, they do it because there are many more people who can afford to buy a couple of $130 shares than $1,300, apart from the psychological effect that makes them look "cheaper" even though they are not.
I would be nervous if I were Saylor/MSTR if I were to have more than 50% of my holdings with ONLY 1 custodian, such as Coinbase, and so I continue to wonder how solid are whatever custodian arrangements that Saylor/MSTR has...
If I remember correctly MicroStrategy uses Coinbase for order execution,yet custody I guess they do self custody.
No wallet has been tied to MicroStrategy, this leads me also to the self custody solution: they have more sofisticate way of assessing their balances rather than resorting to a single address to be monitored onchain.
If it's true they keep their private keys off of Coinbase or wherever they trade, I'm curious as to how they keep them secure--not that I expect that to be revealed, of course; I'm just curious. They've got a lot of bitcoin to keep an eye on.
Arkham Intelligence identifies MicroStrategy Bitcoin holdings pooled with Fidelity Roughly 107,000 BTC of MicoStrategy’s holdings appeared pooled with Fidelity Custody, while 79,000 BTC was “held in segregated custody including Coinbase Prime.”
From our point of view as individual holders it is probably hard for us to see it, but for companies it makes more sense to have the Bitcoins in the custody of a company with a specialized custody service that they can sue if they lose them or something. Those services, apart from a lot of security measures, will have an insurance for those issues.
