Strategy CEO Says U.S. Custodians Keep All Its Bitcoin in Cold Storage

Strategy CEO Phong Le said the company keeps all of its Bitcoin (BTC) in cold storage with U.S. custodians, describing its custody arrangements in a Nov. 13 interview. Le said the Binance theft raised reputational concerns for the broader crypto industry but did not pose a material risk to Strategy’s existing Bitcoin custody arrangements. He said the company still needs to remain vigilant. Le also said companies should strengthen software defenses and examine custodians’ security as frontier AI models are used to test software and custody systems. John Kim reports on the digital-asset business for TokenPost.