343PG on Nostr: I agree with most of this in terms of what happens in the end when you issue paper ...

I agree with most of this in terms of what happens in the end when you issue paper Bitcoin, but it’s not quite addressing my point.

MSTR aren’t retail. They are likely using institutional grade multisig in segregated wallets that they can monitor, surely?! They can see their own Bitcoin and know it’s not being lent or rehypothecated elsewhere. But that doesn’t mean they’re going to reveal those addresses to the wider world, or indeed reveal any element is how they custody. If I was in Saylor’s shoes I’d do the same, and give our as little info on it as possible, unless my shareholders started overwhelmingly demanding it.