Not trying to shit on Saylor. I wish both him and MSTR the best of success (although I do hope they self custody their corn one day).
But this talk of yield reminds me of shitcoin marketing.
Discussion
I don’t think a publicly traded company would ever self custody their bitcoin. Just doesn’t make sense for a giant entity like that
Why not? Is this an unwritten rule or is there something preventing them from doing it?
To the best of my knowledge, Tesla doesn't use a custodian for their bitcoin holdings and holds all their corn.
Where did you see that? It’s my understanding any publicly traded company has some sort of custodian
I haven't encountered any info indicating they don't self custody. Everything I find shows they hold their own keys.
https://cryptoslate.com/tesla-shifts-entire-765m-bitcoin-holdings-sparking-strategy-speculation/
https://crypto.news/elon-musk-misquotes-bitcoin-self-custody-mantra/
https://cointelegraph.com/news/tesla-buying-bitcoin-btc-wallet-curiosity
Yup and he knows legacy is a shitcoin. He’s just being blatantly obvious about the fact because the legacy rules require him to report it. Might as well troll if you’re required to.