Back

Strategy Transfers $64 Billion Bitcoin Holdings to New Custodian Without Selling

Adam Back confirms Strategy has added to its Bitcoin reserves while shifting custody, maintaining $64 billion holdings and a 13% leverage ratio.

BTC

Summary

Adam Back, CEO of Bitcoin treasury firm Strategy, revealed that the company has been purchasing additional Bitcoin and has moved all its crypto assets to a new custodian without selling any holdings. Strategy now holds $64 billion worth of Bitcoin against $8 billion in long-term debt, reflecting a 13% leverage ratio.

Terms & Concepts
  • Custodian: A financial institution or entity responsible for safeguarding assets such as cryptocurrencies on behalf of clients.
  • Leverage Ratio: A financial metric indicating the proportion of debt used relative to equity or total assets.
  • Bitcoin Treasury: A corporate reserve holding Bitcoin as part of its balance sheet for long-term value storage or strategic investment.