🚹 @Datavault_ai just got rugged by @BiconomyCom

Their 1,309 $BTC? Just an "off-chain entry" on the exchange's ledger. 491 got sold back. The rest? Gone.

This is why custody matters.

So where are the other $BTC treasuries actually keeping their coins? We dug through filings of the top 25 holders 👇

If your treasury isn't self-custodying or using regulated cold storage, you're ngmi. Simple as that.