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Nunya Bidness 2y ago đź’¬ 3

nostr:npub15604np6ccsk7ugph4nrg7kyq7kpme9lmcn4l0q2xk4yd5d6puu2s00dr0u just sent me this via the Bitcoin And . . . TG.

Be aware.

"Arkham has identified 948,000 BTC on the chain, worth about 25 billion Coinbase BTC reserves, making Coinbase the largest identified BTC entity at the moment, with nearly 5% of the total existing Bitcoin, about the same as Satoshi Nakamoto. — link

(https://platform.arkhamintelligence.com/explorer/entity/coinbase)The majority of this should be client assets. This $25 billion BTC is made up of more than 36 million Coinbase BTC deposit with the largest cold wallet containing approximately 10,000 BTC. Based on recent financial data from Coinbase, Arkham believes there may be thousands of BTC yet to be marked."

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Discussion

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marcp 2y ago đź’¬ 1

MSTR is in there, right?

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bu5hm4nn 2y ago

If you want to wake people up to the fact they don't own those BTC, show them the Book thegreattaking.com

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btcschellingpt 2y ago đź’¬ 2

Is there any distinction between coins attributed to Coinbase the exchange (if we collapse your coins are ours), vs Coinbase the “regulated custodian” (lolz) where the assets legally remain owned by the depositing entity?