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They are thenselves institutional BTC holders, so I'm not sure if they need to outsource it. Microstrategy is using Coinbase.
by xiphias2 6y ago
They are thenselves institutional BTC holders, so I'm not sure if they need to outsource it.
Microstrategy is using Coinbase.
- zionic 6y agoThat's my point exactly. Traditional stock market buys tons of coinbase cash -> coinbase uses said cash to market-buy BTC with bots driving the price up -> BTC/their crypto of choice is now worth far more. If the market follows their run they end up making far more than they reinvested.
- beaner 6y agoYeah but what does grayscale have to do with it? Doesn't make sense.
- jcliff 6y agonot only that, but they custody grayscale's btc. they definitely don't need grayscale.