Technology holding company Strategy (formerly MicroStrategy) disclosed its custody approach for approximately $72 billion in Bitcoin assets, utilizing multiple New York State Department of Financial Services (NYDFS)-regulated custodians to reinforce security and regulatory compliance. This diversification strategy aims to mitigate counterparty risks while adhering to strict regulatory frameworks.
Confirmation reveals Coinbase as a primary institutional custodian, currently overseeing more than $140 billion in cryptocurrency assets. The exchange provides custody services for eight of the top ten publicly traded Bitcoin-holding corporations. While not officially verified, blockchain analysis by Arkham Intelligence suggests Fidelity Digital Asset Services holds roughly 70,000 BTC from Strategy’s reserves.
The company acknowledged utilizing several other NYDFS-licensed entities, potentially including BitGo, Gemini, NYDIG, Paxos, Bakkt, GMO-Z.com, and Standard Custody & Trust Company. In formal SEC disclosures, Strategy emphasized its exclusive reliance on U.S.-based custodians supervised by NYDFS, highlighting its operational transparency and commitment to regulatory standards for institutional-grade digital asset protection.