Who Custodies the Rest of MicroStrategy’s Bitcoin Beyond Coinbase?

While Coinbase handles a significant portion of MicroStrategy’s Bitcoin reserves, it’s not the sole custodian. Recent filings with the U.S. Securities and Exchange Commission (SEC) reveal that MicroStrategy utilizes multiple entities to safeguard its digital assets. This distribution raises questions about the company’s diversification strategy and the risk management involved in holding vast quantities of cryptocurrency. The issue of security and responsibility in Bitcoin storage is paramount for investors, especially when it concerns a publicly traded company like MicroStrategy. Opting for more than one custodian mitigates the risk of single-party reliance and adds an extra layer of protection to the company’s assets.