Michael Saylor Vows ‘We Buy Real Bitcoin,’ No Rehypothecation
Michael Saylor’s Strategy has reignited a long-running Bitcoin custody debate after co-founder and CTO of Casa Jameson Lopp challenged whether or not the agency can know its holdings aren’t being rehypothecated by third events. Saylor’s blunt response — “We purchase actual bitcoin. We don’t rehypothecate.” — rapidly changed into a broader argument about what “proof”…
