Public Keys: Coinbase and MSTR Break Records, and Who's Holding Strategy's Bitcoin Billions?
2025-07-18 21:36:17
Main Idea
The article discusses recent developments in the cryptocurrency market, including Bitcoin custodianship by Strategy, record highs for Coinbase and Strategy stocks, and new investments in Bitcoin and Dogecoin treasuries.
Key Points
1. Strategy has not publicly disclosed its Bitcoin custodians but narrowed the list to 9 companies in a 2023 SEC filing, including BitGo, Coinbase, and Fidelity.
2. Coinbase (COIN) and Strategy (MSTR) stocks hit record highs due to a surge in crypto market activity, though MSTR later fell by over 6%.
3. Bitcoin miner Bit Origin announced plans to start a Dogecoin treasury, while Sharplink increased its fundraising target to $6 billion for Ethereum purchases.
4. E-bike maker Volcon saw a 135% stock surge after announcing a $500 million raise to buy Bitcoin, though shares later dropped.
5. BlackRock seeks SEC approval to stake its $8 billion Ethereum holdings, but the SEC has not yet ruled on Ethereum staking applications.
Description
Strategy's $70 billion Bitcoin custodian list remains secret as it and Coinbase set records, all while new crypto treasuries take root.
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