Why is Fidelity a Privately held company?
They never went public or even considered it from what I know.
This answer may also give good insight as to why they self-custody BTC & won’t trust any third party to hold their keys.
Discussion
So much fuckin time, energy and capital spent on going public.
Compliance, audits, legal fees. All come out of the profits to shareholders.
Private equity is the way
If you don’t want to be 100p BTC
