Jack Mallers Moves 43,500 Bitcoin to Custody in Major Proof-of-Reserves Update

In a striking demonstration of Bitcoin’s efficiency and transparency, Jack Mallers, CEO of the payments company Strike, has moved 43,500 BTC—worth roughly $3 billion—to custody as part of an updated proof-of-reserves audit. What captured global attention was not only the scale of the transfer but the cost: the entire multibillion-dollar transaction was executed on the Bitcoin network for just $1.64 in fees.

The transfer, visible on the blockchain, further reinforces Strike’s commitment to transparency as the company continues positioning itself at the forefront of global Bitcoin adoption.