What’s the difference between leaving your Bitcoin in the custody of a third-party exchange and sending it to someone else’s account? Since June, Datavault AI has been unable to withdraw the BTC it holds at Biconomy. Its stock promptly tanked, and it had to restate four financial reports, bringing a $150 million Scilex deal into the picture. If a company billed as a Bitcoin treasury can’t even get its own assets back, whose treasury is it, really?
Over at Strategy, shareholders just approved daily dividends on four preferred stocks. STRC is set to start in November, while the other three are scheduled for January 2027. Two publicly traded companies telling stories about holding BTC: one is working out its dividend schedule, the other is explaining why its coins aren’t in its own hands.
Nobody pays much attention to custody until something goes wrong. Then it affects the entire balance sheet. $BTC
Over at Strategy, shareholders just approved daily dividends on four preferred stocks. STRC is set to start in November, while the other three are scheduled for January 2027. Two publicly traded companies telling stories about holding BTC: one is working out its dividend schedule, the other is explaining why its coins aren’t in its own hands.
Nobody pays much attention to custody until something goes wrong. Then it affects the entire balance sheet. $BTC
