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Bitcoin => Bitcoin Discussion => Topic started by: bbc.reporter on March 06, 2021, 04:06:56 AM



Title: Where does Elon and Saylor store their bitcoins?
Post by: bbc.reporter on March 06, 2021, 04:06:56 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: mk4 on March 06, 2021, 06:08:15 AM
As far as I know, all we know is which companies brokered the bitcoin(Coinbase for both[1][2]). As for how/where they store their coins, I don't think they publicized the information. It's a smart decision not publicizing it though; with such huge amounts of bitcoin, you'd take every safety precaution you could have regardless how small.


[1] https://www.coindesk.com/microstrategy-used-coinbase-for-massive-bitcoin-purchase
[2] https://www.coindesk.com/tesla-coinbase-bitcoin-buy


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Lorence.xD on March 06, 2021, 06:11:23 AM
Maybe at a cold wallet or any type of hardware wallet because I believe that they know how dangerous it is to store that large amount of bitcoin in an online storage. Or they might be using different addresses and wallets to store their bitcoin, this way they can prevent a one-hit one-kill type of attack. I don't think that we should be worrying about where does this institutional whales are storing their bitcoin because I believe that it is none of our business and the only way that it is our business is when we are planning something bad about it.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: albert0bsd on March 06, 2021, 06:14:53 AM
Yes, such amount of investment need to keep some secret, in the case of the bitcoin wallets i think that the best approach is to have small amounts distributed in a lot of wallets and maybe linked to address with multisignature.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: pooya87 on March 06, 2021, 06:18:20 AM
new VIP of the bitcoin community
You mean the new VIPs of the social media. They make for excellent click-baits for news sites that are always dying to get traffic.

Quote
and follow the movement of their coins.
What kind of useful information would it give anyone to follow where the coins of someone else is going?!


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: 7788bitcoin on March 06, 2021, 06:57:30 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If large coins are moved then these blockchain analytic can identify them but it is hard to understand who is sending those coins and who owns those coins, what i want to know is how many coins are held by these huge investment firms in exchanges they purchase or will they be moving the coins to their safe wallets because they are purchasing in billions  :D.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: tbct_mt2 on March 06, 2021, 07:14:22 AM
Maybe at a cold wallet or any type of hardware wallet because I believe that they know how dangerous it is to store that large amount of bitcoin in an online storage. Or they might be using different addresses and wallets to store their bitcoin, this way they can prevent a one-hit one-kill type of attack.
They would store their bitcoin in different wallets and secure those wallets. If I was them and I have a big capital like that, I would not store all bitcoin in one wallet. Lose one and lose all bitcoin.

Not only this, they would consider different wallets and multi-signature wallet can be chosen.

Quote
I don't think that we should be worrying about where does this institutional whales are storing their bitcoin because I believe that it is none of our business and the only way that it is our business is when we are planning something bad about it.
It is not hacked bitcoin and owners are legit so they will care about their investment, not as hackers. Hackers can dump their bitcoin but whale investors won't. They take profit when their targets are reached and not dump their bitcoin due to instant need of money.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: sunsilk on March 06, 2021, 12:32:32 PM
I've watched a video from an exchange which I forgot the name but it's located in Japan. They have a hardware wallet that's dedicated to the bitcoins that they hold.

And the place where it is stored is in a vault for which only a few staff and officials of the company know the password. What I think is probably they do the same that they have a safety vault and the hardware wallet is placed there.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Sterbens on March 06, 2021, 01:07:24 PM
I think he keeps it in a very secure wallet with a high level of immune system. a millionaire will not keep a hard wallet like the one we use. But so far have there been any wallets that have been really kept very safe, along with a lot of bitcoins. or maybe they split it into several hard wallets. because they haven't said their wallet was hacked. so I'm sure it's VIP.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: mk4 on March 06, 2021, 01:21:48 PM
They would store their bitcoin in different wallets and secure those wallets. If I was them and I have a big capital like that, I would not store all bitcoin in one wallet. Lose one and lose all bitcoin.

Not only this, they would consider different wallets and multi-signature wallet can be chosen.

Multisig? Makes complete sense because you can do this with multiple hardware wallets with different manufacturers. If anything, it's totally recommended. Storing the coins in multiple different wallets just to diversify risk though? Probably not a good idea.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Dave1 on March 06, 2021, 01:29:06 PM
They could be anyone from this rich address:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Anyhow, I'm sure that there will not be put into public, obviously, for security reasons. Unless Tesla make it a public document in their next SEC filing.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: semobo on March 06, 2021, 01:29:24 PM
Remember Elon said "Free wallet sucks", which means now he understand the risk of storing bitcoin in custodial services so I guess now he might be stored the coins in a real wallet and part in coinbase (maybe). But nobody knows the information unless they publicly state it.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Taskford on March 06, 2021, 01:30:29 PM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

No one knows aside from them since if they will announce the wallet where they stored their bitcoins it will be possibly targeted for such hacking attacks from criminals so expect that this information will be confidential to assure the safety of their investments. I'm sure many want to know that information since imagine how big the count they store on a platform.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Furious 7 on March 06, 2021, 01:41:12 PM
I've watched a video from an exchange which I forgot the name but it's located in Japan. They have a hardware wallet that's dedicated to the bitcoins that they hold.

And the place where it is stored is in a vault for which only a few staff and officials of the company know the password. What I think is probably they do the same that they have a safety vault and the hardware wallet is placed there.

It is possible that with hardware wallets they can be safer to store the large amount of btc that has been purchased to invest, but is that really true by storing in a safe or can you say a safe? Maybe also for extra security so that no one knows the password.

In fact, I don't really think about it, but what plans do they have in the future for the number of bitcoins, will there be some control later, or do they plan to sell more expensive for a long time?

Doesn't Elon Musk keep it on hardware too?
Yet it continues to create hype.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: mk4 on March 06, 2021, 01:54:37 PM
Remember Elon said "Free wallet sucks", which means now he understand the risk of storing bitcoin in custodial services so I guess now he might be stored the coins in a real wallet and part in coinbase (maybe). But nobody knows the information unless they publicly state it.

I'm pretty sure as smart as Elon is, he already knows the risks of custodial wallets before hand. I'm guessing, since he only used FreeWallet for DOGE anyway, I'd assume he only looked for a wallet to use for a small amount(in contrast to his net worth, of course) of DOGE so he went YOLO and picked whatever wallet he sees.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: NeuroticFish on March 06, 2021, 01:55:05 PM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

This is exactly the part I don't like in Bitcoin: why is everybody so curious about that happens inside this or that person's pocket?!
Would you like if everybody would look into your pocket and speculated what will happen next or why did you spend certain money?

For this obvious reasons I expect that VIP wallets stay safe and unknown. And there's quite a big chance that also it's not all the money on the same address, so it's much more difficult to narrow the search in case somebody tries that. I also expect that the (big) money is held by 3rd party custodians that know how Bitcoin works, not directly by Tesla/Elon Musk.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: masterzino on March 06, 2021, 02:16:49 PM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

My guess is as public companies, they have to follow particular standards and use specialized custody companies like

Coinbase Custody

https://custody.coinbase.com/

They cannot just use a hardware/paper wallet like us :D


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: sheenshane on March 06, 2021, 03:24:46 PM
It's might none of our business, sorry to tell you this but I think that's not an important thing to know.  As long as Elon Musk invested in Bitcoin and bought from Coinbase exchange, that's it.  If we dig more it might good if we ask for information from Coinbase but for sure they will not disclose to anyone such information.  Probably you can find information on the Twitter account @Whale_Alert which gives a signal upon having a large transaction transfer from exchange to the unknown wallet address.

Probably it's a Hardwallet wallet or any cold storage that they can store their Bitcoin safe.  We know how smart Elon Musk if someone knows where his Bitcoin stored, might scammers will take advantage.  It's billions of dollars worth and that is a huge amount if someone could able to leak his wallet.  Being a number one richest man on earth, you might be doubled secure yourself and your assets for sure.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Evilish on March 06, 2021, 03:50:17 PM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

My guess is as public companies, they have to follow particular standards and use specialized custody companies like

Coinbase Custody

https://custody.coinbase.com/

They cannot just use a hardware/paper wallet like us :D

Coinbase custody and Gemini custody seem to be the most popular custodians used by corporations.

I don't think corporations like Tesla / MicroStrategy would bank on their engineers to securely store Bitcoin. I am not sure Elon Musk or Mike Saylor are even knowledgeable enough in Bitcoin to understand how multisignature storage works, or their engineering teams for that matter.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Lucius on March 06, 2021, 04:02:28 PM
My guess is as public companies, they have to follow particular standards and use specialized custody companies like
Coinbase Custody

I wondered the same thing while the whole thing was at the beginning, and I have to admit that there was no concrete answer as to who and in what way keeps their BTC.  Given that Coinbase bought on their behalf, and they have a service that is just meant for such customers, it is very likely that BTC is right there.

I totally agree that it is not at all realistic for them to use any other way for what they bought through their companies, but it is possible that the story is quite different with what they bought privately - and it is known that Saylor bought a certain amount with his private money.



This is exactly the part I don't like in Bitcoin: why is everybody so curious about that happens inside this or that person's pocket?!

I may be wrong, but I think this is about people wondering if they really own what they bought, or if they are among those who don't understand what "not your keys, not your coins" means. Seen from our perspective, they don't really own anything in that case - just a promise that something is somewhere.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: pawanjain on March 06, 2021, 04:02:45 PM
Why does it matter where those guys store their bitcoins ?
Even if anybody finds that information out, he/she shouldn't bring out that information since it is something private.
These kind of sensitive information should be kept private otherwise there are a good chances of hackers attacking you.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: NeuroticFish on March 06, 2021, 04:17:27 PM
This is exactly the part I don't like in Bitcoin: why is everybody so curious about that happens inside this or that person's pocket?!

I may be wrong, but I think this is about people wondering if they really own what they bought, or if they are among those who don't understand what "not your keys, not your coins" means. Seen from our perspective, they don't really own anything in that case - just a promise that something is somewhere.

A company like this, especially since it's not into Bitcoin, cannot afford to handle lightly such huge amounts of funds.
I expect them use 3rd party that help them handle everything and possibly that 3rd party either provides full custody, either keeps has at least one of the multi-sig keys involved. And I expect that 3rd party does all the actual handling (transactions) and possibly employing yet another company to provide insurance.
And, in order to avoid too many curious eyes, probably the addresses will remain private and the companies hired for independent review will sign strong NDAs.


Of course, that's what I'd do. Are Grayscale wallets known? (I expect they're not, but again, maybe my assumptions are wrong).


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: FIFA worldcup on March 06, 2021, 04:23:24 PM
I don’t think he said that publicly, where he stores bitcoin.  I don't know, he can use a hardware wallet or anything else.  However, somebody thinks he stored and bought BTC from Coinbase.

They must have bought from the OTC desk but i don't think it is safe to keep them on coinbase. They should store them in hardware wallets. Since we do not know that in how many transactions did they bought bitcoin and also have no information about their tx ids so we cannot trace them.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Ibrahim60 on March 06, 2021, 04:23:43 PM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
This is quite impossible to know that where they store their Bitcoin. Because they store big amount of Bitcoin. If they public where they put or store Bitcoin then it is not much secure because some black hat hacker try to steal it. I think they use much secure wallet and some guys help them to secure it from any danger.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: frank07a on March 06, 2021, 04:34:08 PM
As far as I know, Elon Musk had a problem with the Freewallet, you can read more about it here (https://cryptogeek.info/en/blog/elon-musk-and-freewallet-situation). From this situation, it is clear that Elon Musk kept some part of the cryptocurrency on this wallet. He also corresponded with a Binance employee, so I think that Elon Musk also has a number of cryptocurrency on this exchange.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: DdmrDdmr on March 06, 2021, 05:09:19 PM
While I agree that the first part of the OPs question is interesting, and would provide a peephole into how intuitional investors secure their crypto assets, the latter part concerning the call for traceability and the ability to follow their crypto investments around seems too much of a stretch for transparency. Corporations have a right to semi-anonymity too (yet not in front of their investors).

On the matter at hand, Tesla stated the following (SEC form 10k), without going into specific details:
Quote
Finally, as intangible assets without centralized issuers or governing bodies, digital assets have been, and may in the future be, subject to security breaches, cyberattacks or other malicious activities, as well as human errors or computer malfunctions that may result in the loss or destruction of private keys needed to access such assets. While we intend to take all reasonable measures to secure any digital assets, if such threats are realized or the measures or controls we create or implement to secure our digital assets fail, it could result in a partial or total misappropriation or loss of our digital assets, and our financial condition and operating results may be harmed.
See: https://ir.tesla.com/_flysystem/s3/sec/000156459021004599/tsla-10k_20201231-gen.pdf

They acknowledge the risks, but do not depict their storage plan; at least that I’ve managed to find.

Microstrategy goes one small step further into unveiling their custody plans (SEC form 8k):
Quote
If we or our third-party service providers experience a security breach or cyberattack and unauthorized parties obtain access to our BTC assets, we may lose some or all of our BTC assets and our financial condition and results of operations could be materially adversely affected
Security breaches and cyberattacks are of particular concern with respect to our investment in BTC. While we hold the bulk of our BTC assets with established cryptocurrency custodians, a successful security breach or cyberattack could result in a partial or total loss of our BTC assets in a manner that may not be covered by insurance or indemnity provisions of our custody agreements with those custodians. Such a loss could have a material adverse effect on our financial condition and results of operations.
They cite custodians (not being specific as one would expect) and insurance by derivation (provided by the custodian under whatever fine print rules the agreement).

See: https://www.sec.gov/Archives/edgar/data/0001050446/000119312520215604/d921849d8k.htm


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Yogee on March 06, 2021, 05:25:44 PM
and follow the movement of their coins.
What kind of useful information would it give anyone to follow where the coins of someone else is going?!
This is probably helpful from a trader's perspective. You are at an advantage if you know their movement. They hold a good volume of BTC and they will most likely sell it on OTC exchanges but the FUD it will create once the news is out may lead others to panic sell.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Baofeng on March 06, 2021, 10:14:02 PM
Why does it matter where those guys store their bitcoins ?
Even if anybody finds that information out, he/she shouldn't bring out that information since it is something private.
These kind of sensitive information should be kept private otherwise there are a good chances of hackers attacking you.

Probably someone wanted to see if Tesla really owns $1.5 billion worth of BTC. On the contrary, everything can be seen in the ledger, but it's going to be a guessing game for this analytics company on which address they being held their bitcoin. And it's not easy as just buying a hardware wallet and storing it somewhere, it's more than that. And I do believed that maybe some third party is holding it for them.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Ryker1 on March 06, 2021, 10:28:14 PM
Why does it matter where those guys store their bitcoins ?
Even if anybody finds that information out, he/she shouldn't bring out that information since it is something private.
These kind of sensitive information should be kept private otherwise there are a good chances of hackers attacking you.

Probably someone wanted to see if Tesla really owns $1.5 billion worth of BTC. On the contrary, everything can be seen in the ledger, but it's going to be a guessing game for this analytics company on which address they being held their bitcoin. And it's not easy as just buying a hardware wallet and storing it somewhere, it's more than that. And I do believed that maybe some third party is holding it for them.
Well, it sounds interesting, -- I never thought this. What if the tesla team did not really invest in bitcoin or if they invested, is that true that the amount of 1.5 billion dollars? Whatever it is we are still guessing here and it will depend on us where we believed. But if that is true, there someone who tech Elon Musk that expert in bitcoin or even not Elon Musk itself who hold the bitcoin. Perhaps, it is a cold storage wallet, it is hard to guess but perhaps I am thinking of the hardware wallet or even the paper wallet.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: bct-user on March 06, 2021, 11:46:35 PM
Do we need the information of where the Bitcoins are stored? I don't think we don't need it. It even will lead the hackers planning to steal the Bitcoins. Moreover, as they bought a big number of Bitcoins, the information related to the places storing Bitcoin, will be very secret. They also may use certain services to disappear the transaction data, so it will be hard to track by hackers.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Fatunad on March 06, 2021, 11:53:26 PM
Why does it matter where those guys store their bitcoins ?
Even if anybody finds that information out, he/she shouldn't bring out that information since it is something private.
These kind of sensitive information should be kept private otherwise there are a good chances of hackers attacking you.
I have the same question on mind on how people do really need to find out on where these people do store up their coins?Yes, its true that they are famous
but doesnt mean that every single step that they would make would really be known by the public.Even if we do spot out on where they do purchase those
coins but we wont know on where those coins will be ending up to be stored up neither on a hardware wallet or a non custodial wallet.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Yatsan on March 06, 2021, 11:56:30 PM
For sure they are storing it in a highly classified and well established secured wallet so that no one can access those because to think that they have such a big amount of Bitcoin that they have obtained, surely lots of eyes are into them trying all sorts of ways to get their hands into those massive amount of Bitcoin knowing the value it have added by the fact that it can still grow even more possibly as time goes by. Well, wether we talk about it or not, surely those two are making their own move to be responsible into an extent that they are securing the safety of the cryptocurrencies in their hands for they know the consequences and possibilities of potential hacks.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: best123 on March 07, 2021, 02:08:29 AM
This is a question I have been asking time without numbers. I bought $1.5 billion worth of Bitcoin. Where did you store it? Or is there something we are missing? Or are they using their status to manipulate the market and enriched them selfs the more?
I am still inching to see the hash or wallet address where this is stored.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Mpamaegbu on March 07, 2021, 02:50:50 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
To be honest, I believe Elon Musk already was into Bitcoin several years ago. He can't be that tech savvy and not tried Bitcoin or cryptos before now. It doesn't add up for me, knowing him as a risk taker. What just happened now with his open confession of acquiring some is just to get the media buzzing. Remember, it isn't just Bitcoin alone. He also supports Dogecoin. Again, what does anyone have to gain monitoring the movement of any other person's Bitcoin. Does it add anything to one? Well, except one is a research student on Bitcoin, otherwise it's a fruitless adventure.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Trinx01 on March 07, 2021, 03:33:43 AM
No one knows because for sure that kind of information would only be exclusive for themselves but one thing for sure they are using only a hardware wallet which is a really good wallet for storing a huge amount of money unlike using a software wallet which is prone to attacks. They know that there is a huge possibility that a hacker is looking for them and trying to gain some info about them so for them to assure that their bitcoin is a pretty safe hardware wallet would be the answer.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: maydna on March 07, 2021, 04:54:48 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

I think we don't know for sure about that, and even if we know where he buys the bitcoin, we still difficult to find where he stores all of his bitcoin. I don't want to search for that because that is not my concern, which is not important for me. We don't need that because if we only search for their wallet, we will not have a chance to reach the goals that we really want to achieve. But if you still want to search for their wallet, you can try to search for that, but the question is, how you want to do with that information?


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Question123 on March 07, 2021, 06:11:41 AM
They have a lot of bitcoins so they need a secure wallet that can protect their bitcoin from the hacker and for sure they know what to do their coins because we are talking about millions up to billions worth of bitcoin. Maybe they secure the offline wallet not in the online wallet because we know once you are using online wallet it is prone to hacker because they have ways to hack wallet and I think also no attempt to hack Elon Musk bitcoin wallet because they know once they hack it Elon Musk will hire someone to find that hacker.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: taufik123 on March 07, 2021, 06:53:47 AM
This information is very personal and very sensitive. Therefore they keep their information and do not publish it. Some people who are trying to find this information may just be curious and there are some people who use the information for their news portals or for their research only.

What is certain is that people like Elon store their bitcoins in their own private wallets and with great security. the slightest information about their wallet will not be published, to guard against hacks and such.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: zanezane on March 07, 2021, 07:12:42 AM
Not knowing where they store their bitcoins is the first line of defense against people that are trying to get their hands on it. I mean where they store their bitcoins is none of our business in my opinion, and as @taufik123 said, it is personal and sensitive. You do not ask a man about his money unless he tells them so we better be off somewhere that doesn't need inquiry.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: bL4nkcode on March 07, 2021, 09:24:59 AM
Talking about a company that probably stores money on the company bank accounts, Tesla probably uses third party to store bitcoin either coinbase or any US based exchange.

Microstrategy is different on the other hand imo since Michael is somewhat a pro-bitcoin and even has lots of knowledge as financial literate, probably they use the most secured way to store their bitcoin - hardware wallet, but still a business needs their funds/assets to be insured in case of, and I guess it uses an exchange as well.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Kakmakr on March 07, 2021, 09:38:55 AM
These guys will use financial advisors and bookkeepers to handle their affairs and they will want a paper trial of their transactions for auditing and tax purposes. This is why they used Coinbase (Exchange) ... because these centralized exchanges are fully regulated and within the legal requirements of the law.  ::)

I doubt that they moved the coins to their own cold storage, but if I were them.. I would have moved some coins to my own cold storage.. because Exchanges are the weak link in the security chain.  >:(


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: kryptqnick on March 07, 2021, 10:46:53 AM
They could be anyone from this rich address:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Anyhow, I'm sure that there will not be put into public, obviously, for security reasons. Unless Tesla make it a public document in their next SEC filing.
Many of these addresses remained silent for a while, and some belong to various companies. I think if Tesla got their BTC in one place, those looking for whale alerts would pick up on that. So chances are, it's none of those addresses. It would be wise to spread the money onto various addresses, so that nothing catches attention and people don't try to steal the money. I'm okay with not knowing where their money is, I think it's reasonable not to disclose such information. I don't think they'd dump everything at once, so it's not like Tesla having BTC is going to have negative impact on the market.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Oceat on March 07, 2021, 11:05:32 AM
With those amounts of Bitcoin plus the news and social media all over the place, I don't think it would be a good idea to publicize it because it would basically increase the risk of losing it if hackers find out. We can't be careless about of our own property especially in online.

That being said maybe they have hid it on a secured offline wallet or something. Just look at the genesis wallet of Satoshi, I also wonder if hackers are trying their best to get their hands on it or something. lol


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: jerry0 on March 07, 2021, 08:48:06 PM
So no one here thinks they use a hardware wallet then right?


So you are saying its in coinbase or gemini custody. 


So they don't have a seed then?





Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Quidat on March 07, 2021, 09:00:18 PM
With those amounts of Bitcoin plus the news and social media all over the place, I don't think it would be a good idea to publicize it because it would basically increase the risk of losing it if hackers find out. We can't be careless about of our own property especially in online.

That being said maybe they have hid it on a secured offline wallet or something. Just look at the genesis wallet of Satoshi, I also wonder if hackers are trying their best to get their hands on it or something. lol
Even things are unhackable but doesnt mean that those fella's would able to breach out everything if they'd like to and also, do you really believe that those billionaires doesnt have advisors behind.?
For sure they are really storing up their coins in a hardware wallet or a wallet where they do possess of their coins rather than on storing it on an exchange platform which they do know the risk of
losing them is high compared if they would just simply held of their coins on where they do possess its keys.People do really love on following someone even with those slightest details on where
those coins being stored of because they do like to see on how those coins will really be moving out applying it into their price action decisions.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: DoublerHunter on March 07, 2021, 09:34:33 PM
So no one here thinks they use a hardware wallet then right?


So you are saying its in coinbase or gemini custody. 


So they don't have a seed then?

^ Probably it is possible, as we know this Elon Musk how clever he is when it comes to his investment and probably I think there is no custodial exchange or wallet that involve with their BTC investment. So, using a hardware wallet and hold on to his own control will probably the common choice for them. But probably I think Elon Musk hired a close on him that expert on storing BTC. I read lately about the free wallet that he threw negative feedback and that was I think the time that he is searching different BTC wallets. Nevertheless, they are right, that is none of our business and every investor has a right not to publicly revealed their assets.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: darkangel11 on March 07, 2021, 10:28:13 PM
That's right, they probably have some kind of a deal with exchanges and coins are held on the cold wallets managed by their exchanges or brokers. Musk doesn't hold those coins in his home, especially after announcing the purchase in the media. It would be stupid to say to the world "hey people, I have 50 million lying around somewhere in my house. Come and get it"


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: jerry0 on March 07, 2021, 10:41:29 PM
What about other people like Max Keiser?  I got to assume people like that live in gated communities or luxury apartments with security right?


Like unless you live in a luxury high rise, isn't it always a concern?  I ask this because i hear about how lot of gated communities and celebrity homes even in LA are broken into so how do people like this handle it?  I did recall Dan Blitzerian held some party at a house he rented or stayed at and hired armed navy seals at the door and obviously that is more than enough protection for any one trying to do something.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: romero121 on March 07, 2021, 10:46:37 PM
Yes, having data about the holdings will help with the  manipulation. Until now this isn't there with the holdings of Elon and few other large scale holdings. However even if he holds the entire volume of bitcoin in a common online wallet none is gonna crack the private key. I've mentioned this based on the name of his son which I wasn't able to pronounce till now. So, how hard will be his private key. Hahaha :D :D


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: cryptozanga on March 07, 2021, 10:48:55 PM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

I really don't care, what i find very funny is how Saylor seems to be 15 years old, he is obsessed with Bitcoin while in the last 20 days the MicroStrategy stock is 50% down.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Slow death on March 08, 2021, 12:03:26 AM
definitely this Is something that they and no one should reveal if they knew the answer because it would be exposing them even more than they have already been exposed. Sometimes I wonder if these people have a notion that we live in a world where people kill other people for money and they just show off as if they want the thieves to be after them.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: bbc.reporter on March 08, 2021, 01:25:12 AM
new VIP of the bitcoin community
You mean the new VIPs of the social media. They make for excellent click-baits for news sites that are always dying to get traffic.

Quote
and follow the movement of their coins.
What kind of useful information would it give anyone to follow where the coins of someone else is going?!

You might consider them like a VIP, however, there are many people in the community who consider them to be the new heros of bitcoin.

Useful information would be if their coins are moving back to Coinbase. I reckon that would be very useful for traders. It might also be very useful for the IRS and the government hehehe.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Fundamentals Of on March 08, 2021, 03:17:48 AM
new VIP of the bitcoin community
You mean the new VIPs of the social media. They make for excellent click-baits for news sites that are always dying to get traffic.

Quote
and follow the movement of their coins.
What kind of useful information would it give anyone to follow where the coins of someone else is going?!

You might consider them like a VIP, however, there are many people in the community who consider them to be the new heros of bitcoin.

Useful information would be if their coins are moving back to Coinbase. I reckon that would be very useful for traders. It might also be very useful for the IRS and the government hehehe.

There are a lot of people who are tracking Bitcoin movements. An alarm is somehow triggered if a certain large movement is entering an exchange. But would it matter who owns those Bitcoin? No, not at all. What is important is that you are informed in advance and you will brace yourself and act accordingly for a possible effect in its price.

They are only heroes because they are buying and so long as they're hodling. They will instantly become the villain once they start selling.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: sunsilk on March 08, 2021, 08:47:09 PM
I've watched a video from an exchange which I forgot the name but it's located in Japan. They have a hardware wallet that's dedicated to the bitcoins that they hold.

And the place where it is stored is in a vault for which only a few staff and officials of the company know the password. What I think is probably they do the same that they have a safety vault and the hardware wallet is placed there.

It is possible that with hardware wallets they can be safer to store the large amount of btc that has been purchased to invest, but is that really true by storing in a safe or can you say a safe? Maybe also for extra security so that no one knows the password.

In fact, I don't really think about it, but what plans do they have in the future for the number of bitcoins, will there be some control later, or do they plan to sell more expensive for a long time?

Doesn't Elon Musk keep it on hardware too?
Yet it continues to create hype.
Yes, the one that I've watched have stored it in a vault and no one is allowed to enter on that room where it's placed but only for the few people that are allowed which are the highest officials and trusted staffs.

The plan is to hold and for sure they will sell it for profits. Everyone who invests for bitcoin never hold it for nothing but to take profits when the right time comes.

Doesn't Elon Musk keep it on hardware too?
Yet it continues to create hype.
Nobody knows. He hasn't said a thing about his storage/wallet.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: dunfida on March 08, 2021, 09:11:48 PM
new VIP of the bitcoin community
You mean the new VIPs of the social media. They make for excellent click-baits for news sites that are always dying to get traffic.

Quote
and follow the movement of their coins.
What kind of useful information would it give anyone to follow where the coins of someone else is going?!

You might consider them like a VIP, however, there are many people in the community who consider them to be the new heros of bitcoin.

Useful information would be if their coins are moving back to Coinbase. I reckon that would be very useful for traders. It might also be very useful for the IRS and the government hehehe.
For some circumstances then i do consider out this sentiment about on being a Hero but majority of people doesnt really look that way but rather they do try to know everything for them

not to miss out the next possible movements for these whales for them to go along with that price action.This is why desperation on knowing on where these coins being stored on is really
always be a question in mind for most people.Is it really an interesting stuff to know? Some find it to be nonsense but some it would really be that relevant.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: MCobian on March 08, 2021, 11:07:19 PM
Everyone wants to maintain their privacy properly, including Elon Musk, it is impossible to open and tell where he stores his Bitcoin. If the public
finds out, it is tantamount to suicide. Because there will be many hackers who try to steal Bitcoins that are owned by Elon Musk. We know Elon Musk is
now the richest person in the world, so it is impossible to buy Bitcoin in small amounts. Therefore, the information related to where Elon Musk stores
Bitcoin is only he knows it himself, and until now, no one knows the amount of Bitcoin owned by Elon Musk.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Joe_Bauers on March 08, 2021, 11:46:41 PM
Re: Where does Elon and Saylor store their bitcoins?

Positronic net.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Dobrodav on March 09, 2021, 12:29:33 AM
I don't think we can find their wallet. If everyone knows whale wallet then we can know when they will sell their coin. Just 1 transaction deposit to exchange then the whole market will go down.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: bbc.reporter on March 09, 2021, 12:31:27 AM
Not knowing where they store their bitcoins is the first line of defense against people that are trying to get their hands on it. I mean where they store their bitcoins is none of our business in my opinion, and as @taufik123 said, it is personal and sensitive. You do not ask a man about his money unless he tells them so we better be off somewhere that doesn't need inquiry.

It is none of our business, however, what can they do to stop Chainanalysis or a Chinese blockchain analytics group from looking for them? They have been doing it on us without respect for our privacy.

I also have been telling everyone about exchanges’ disrespect on our privacy, however, many people here do not argue about it. I ask where Elon’s coins are stored and suddenly some people argue that we should respect his privacy hehehe. If Elon wanted privacy he should have bought Monero.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: coolcoinz on March 10, 2021, 07:26:23 PM
I don't think we can find their wallet. If everyone knows whale wallet then we can know when they will sell their coin. Just 1 transaction deposit to exchange then the whole market will go down.

You won't find his wallet because it's most likely not a single one. Corporate investors aren't like us little people. They don't hold millions of dollars on their laptops, although there are some pretty neat air gapped laptops. Unless Elon decides to disclose all the info (which he won't because he will not want the whole world to know when he decides to sell) you won't find his addresses.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: bbc.reporter on April 27, 2021, 03:41:36 AM
It appears there were only very few people who knew that Tesla was selling some of their coins hehehe. I reckon knowing where Tesla holds them would have saved traders their billions lost in liquidation hehe.



Tesla sold some of its bitcoin (BTC, +4.56%) stash in the first quarter for $272 million in proceeds.

The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.


Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Obito on April 27, 2021, 06:41:53 AM
I don't think we can find their wallet. If everyone knows whale wallet then we can know when they will sell their coin. Just 1 transaction deposit to exchange then the whole market will go down.
It wouldn't make any difference if we know the wallet they have because when we see the transaction, it will be too late for everyone to react when the whales dump their coins. Plus, it really is none of our business where they store their coins because of common sense and respect for privacy.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: wavessurfing on April 27, 2021, 07:45:17 AM
It appears there were only very few people who knew that Tesla was selling some of their coins hehehe. I reckon knowing where Tesla holds them would have saved traders their billions lost in liquidation hehe.



Tesla sold some of its bitcoin (BTC, +4.56%) stash in the first quarter for $272 million in proceeds.

The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.


Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m

elon musk did not sell any bitcoin

it was tesla that sold 10 % of its position, with greater benefit than selling cars

this exemple should be contagious to other industries

https://bitcointalk.org/index.php?topic=178336.msg56878367#msg56878367


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Ludmilla_rose1995 on April 27, 2021, 08:14:18 AM
They won't tell their address and where they store their bitcoins. However, in my opinion, they store in a hardware wallet like the ledger or trezor. very dangerous if they are stored in a web wallet or a software wallet. given that the internet is the biggest source of all viruses and hacks.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: ilovealtcoins on April 27, 2021, 01:47:20 PM
As far as I know, all we know is which companies brokered the bitcoin(Coinbase for both[1][2]). As for how/where they store their coins, I don't think they publicized the information. It's a smart decision not publicizing it though; with such huge amounts of bitcoin, you'd take every safety precaution you could have regardless how small.


[1] https://www.coindesk.com/microstrategy-used-coinbase-for-massive-bitcoin-purchase
[2] https://www.coindesk.com/tesla-coinbase-bitcoin-buy
Partnering with a cryptocurrency institution is better than holding your Bitcoin alone. The biggest risk is Elon Musk's wallet hack, forgetting wallet password, wallet recovery phrase, and being groped by others in space. If I were a man with lots of bitcoins I would act like him. Just get a deal and don't think much of what follows.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: lifeforcepools on April 27, 2021, 01:51:47 PM
In any case, you are unlikely to ever know where they store their funds.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Lucius on April 27, 2021, 02:39:48 PM
I wonder what wallets they use. Trust,Ownr,Wax,Cryptocom, Exodus, or something else?

Why are you wondering such a question instead of reading at least a few posts at the beginning of this thread? Having billions of dollars worth of BTC and keeping it in any of the crypto wallets you mentioned would be a security nightmare and real nonsense.

Since these are public companies, their only option is custodial wallets, very likely a Coinbase Custodial service that provides services to such large clients.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: ropyu1978 on April 27, 2021, 08:03:20 PM
Where Elon and Saylor keep their bitcoins ,,, ?? I've read some articles about elon and saylor, but never able to find out about their bitcoin storage, maybe they don't publish to the public about all of that, maybe because of security issues ,,


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: xiboothrezi on April 27, 2021, 10:12:07 PM
and with enormous assets, it would not be wise to publish to the public where they keep them. yes, it could invite people's malicious intentions, what for? Even without the show off, the world already knows they are rich people, right?
after all, by involving large funds, of course they are very selective in choosing a storage place with a high level of security and assurance. I don't want to guess, let it be as secret as the owner wants it to be.

ah,, rather than dizzy thinking about this, we better work hard again to collect bitcoins :D


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: bbc.reporter on April 28, 2021, 01:51:12 AM
In any case, you are unlikely to ever know where they store their funds.

Agreed. However, blockchain analytics companies similar to Chainalysis and other Chinese, European blockchain analytics might find those addresses in time. It can be very hard for anyone to be anonymous against exchanges who employ of those type of services.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: sumant on April 28, 2021, 02:07:08 AM
Very difficult to say where does Elon and saylor store their bitcoin but we can say it will be very safe with high security service. They hold large number of bitcoins so security in very important. They must have a high quality storage wallet.Their wallet can not be searchable by anyone or hackers. Trust or metamask can be seen by anybody.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: iram3130 on April 28, 2021, 05:37:30 AM
In any case, you are unlikely to ever know where they store their funds.

Agreed. However, blockchain analytics companies similar to Chainalysis and other Chinese, European blockchain analytics might find those addresses in time. It can be very hard for anyone to be anonymous against exchanges who employ of those type of services.

I too thought the same, Data scientists will find a way to track down the ledger and recognize the addresses which are holding Elon and Micheal's BTC. But I don't feel it will be any use for the common public as these will be cold wallets.

There are many others who are keeping their crypto in hardware wallets and cold wallets which we might never know of.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Hasan905 on April 28, 2021, 06:57:04 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Reatim on April 28, 2021, 07:33:04 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....
Yeah this may Lead for sometimes being use for FUD and other negative issue upon looking to their wallet movements and why do we need to make this an issue when there are so many issues that needs to be tackled and not this monitoring of the funds from other users.
Sometimes i think that we are here just to make things worst than being helpful.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Midy on April 28, 2021, 08:18:34 AM
I think they share it to some hardware wallets themselves with very secure security system, and some others maybe they keep in exchange and this information is very confidential to public, this is just my thinking about whether it is true or not


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: bbc.reporter on April 29, 2021, 05:55:12 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....

It might not be for you, however, it might be for someone similar to Michael Saylor or the other whales hehehe.

In any case, it appears the high fees was caused by Tesla’s transactions to the exchange and some insiders might have tried to pay higher fees to have their transactions confirmed first hehe.



Tesla sold some of its bitcoin (BTC, -1.49%) stash in the first quarter for $272 million in proceeds.

The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.

In the slide deck accompanying the company’s first-quarter earnings results Monday, Tesla mentioned the sale of some bitcoin:

"Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in 'Restructuring & Other' line) were mainly offset by a lower ASP, increased SBC, additional supply chain costs, R&D investments and other items. Model S and Model X changeover costs negatively impacted both gross profit as well as R&D expenses."


Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m


If there are high fees again on the 2nd quarter, I speculate it might be Tesla and the the whales who know again hehehehehe.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Teslon on April 29, 2021, 06:02:52 AM
I Think elon musk have vip wallet in paypal becouse in Future paypal accept and store crypto so that's why also need bitcoin to Invest on PayPal elon musk have huge number of Bitcoin and Doge


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Zilon on April 29, 2021, 06:32:45 AM
Considering the risk involved in storing such huge amount of coin online I believe paper wallet or possibly a hardware wallet should serve as storage to their funds. With both options it would be difficult to trace their coin value e online after the have purchased them. The only import their private key when ever the desire to monitor their coin


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: Hasan905 on April 29, 2021, 08:37:26 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.

If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....

It might not be for you, however, it might be for someone similar to Michael Saylor or the other whales hehehe.

In any case, it appears the high fees was caused by Tesla’s transactions to the exchange and some insiders might have tried to pay higher fees to have their transactions confirmed first hehe.



Tesla sold some of its bitcoin (BTC, -1.49%) stash in the first quarter for $272 million in proceeds.

The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.

In the slide deck accompanying the company’s first-quarter earnings results Monday, Tesla mentioned the sale of some bitcoin:

"Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in 'Restructuring & Other' line) were mainly offset by a lower ASP, increased SBC, additional supply chain costs, R&D investments and other items. Model S and Model X changeover costs negatively impacted both gross profit as well as R&D expenses."


Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m


If there are high fees again on the 2nd quarter, I speculate it might be Tesla and the the whales who know again hehehehehe.


Ok, maybe somehow you can manage to get the correct information about where did they reserved their fund, how do you think it will be beneficial for community? Can you stop them to selling the fund or force them not to pay higher fees to get confirmed their transaction first. I don't think so, no one reserve this right to do such things...

And this is what digital money all about. Freeing you from slavery and letting you control your funds whenever you want and wherever you want.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: isaac_clarke22 on April 29, 2021, 12:45:01 PM
~
It was already mentioned previously that they're holding their coins in custodial wallets.
It is unlikely that they're gonna hold it in hardware/desktop wallets, because we're talking about people that buy large amounts of coins in here.


Title: Re: Where does Elon and Saylor store their bitcoins?
Post by: tanjiran on April 29, 2021, 07:23:27 PM
instead of knowing where elon keeps his assets, we also don't know exactly how much BTC he collects. many scholars have speculated on this, but do not know which is true.
as one of the richest people in the world, he also owns a lot of assets. it is impossible for him to carelessly keep his assets, surely there are many related parties who have offered their services to secure the ownership of the Crypto.

rather than worrying about this, how about we find the most effective way for "common people" like us to collect btc, I think it's more useful.