Bitcoin Setup from big Whales

[Bitcoiner2023]

Good evening dear bitcoin community.

How do you think the big whales like Michael Saylors secure their bitcoins?

Do you think he also runs his own full node using HWW and MultiSig wallets.

I would be interested to know what you think what their setup could look like.


Best regards

[BitMaxz]

After a bit of research, I saw a video but he didn't mention how and in what wallet did he store his crypto but my guess since he has multiple coins it should be a hardware wallet.

Here's the video that I found https://youtu.be/jBoJ5d9JVpM

[Don Pedro Dinero]

Yes, the most logical thing for big whales is to store in HW, to which I would add that probably more than one and with multi-signature systems and with several layers to hide the bitcoins as well, although in his case I don't know if the layers would be of much use to him, but he must have extreme security measures and he is no fool.

Do you think he also runs his own full node using HWW and MultiSig wallets.

I would be surprised if he did not.

[_act_]

After a bit of research, I saw a video but he didn't mention how and in what wallet did he store his crypto but my guess since he has multiple coins it should be a hardware wallet.

To me this is just a waste of time, I mean the OP post. Do OP have to know about how Micheal Saylor hold his bitcoin before he can start to buy and hold bitcoin too? How can he know the total amount of the bitcoin that is owned by Michael Saylor, you know bitcoin can be a privacy coin is used in a privacy way. It is simple, he can read about cold storage, multisig wallets and how to use full node with tor, or he can start to learn about bitcoin privacy and how to secure wallet than bringing Micheal Saylor topic about how he is doing it. I do not learn about Micheal Saylor before I know all these.

[bitbollo]

I think it's really hard they will explain security measures adopted for storing btc or crypto coins.
but there are some hints they are following (at least partially?) standard setup like https://glacierprotocol.org/ in order to achieve "state-of-the-art" solution for btc storage.

[cafter]

Good evening dear bitcoin community.

How do you think the big whales like Michael Saylors secure their bitcoins?

Do you think he also runs his own full node using HWW and MultiSig wallets.

I would be interested to know what you think what their setup could look like.


Best regards

there are many whales, accumulated billions of dollars in bitcoin,
some of the whales store their coins in hardware wallet or cold wallet (ofcourse) , also may be in multi sig wallets,
https://ibb.co/1JzHyJg
here you can see the biggest whales store all their bags in one cold wallet, some of them are exchanges wallet and some are personal cold wallet, it is riskier to store all your bags in one cave,
and many of them stores them in many wallets , maybe they are cold wallet or digital wallet ,
many of whales hold lot of bitcoins but i don't know why they store in many wallets, you can see here, https://ibb.co/WWwbsN4
there are lot of coin in individual wallets with specific amount of coins,
maybe be they store like this, because of security purpose or to hide their funds from blockchain(why anyone will hide from public may be i am wrong )
you may think that they are listed in order so the wallets have same amount of funds, but they are have only one transaction,and
many of them are created in same date or the owner of the wallets make an new wallets everytime he or they DCA,
you can research on bitinfochart

[mk4]

In the case of Michael Saylor I don't think he's revealed what his(or MicroStrategy's) setup is, as everyone knowing how they store their BTC could be a security issue. Better leave hackers/thieves in the dark than give them an idea on how to potentially steal your BTC.

[pgbit]

I think Michael Saylor, likely uses a multi-layered approach to secure his Bitcoin holdings. This may include cold storage in offline wallets, which reduces the risk of hacks or thefts from online wallets. In addition, he may use hardware wallets like Ledger or Trezor to store his private keys and sign transactions securely. Saylor may also utilize multisignature wallets, which require multiple signatures from authorized parties to initiate transactions, providing an extra layer of security. Running his own full node to verify transactions and ensure the integrity of the Bitcoin network is another possibility. Finally, it's possible that he has purchased insurance coverage to protect his holdings from loss or theft.

[rat03gopoh]

The important thing is don't take crazy steps like Elon Musk, if you don't want it to end badly. ^[1]

Whales don't disclose much in detail about the bitcoin security methods they use, self-custody wallets are always the best setup and are highly recommended by most technical experts.


1. https://cointelegraph.com/news/this-crypto-wallet-was-criticized-by-elon-musk-but-turned-this-into-an-opportunity

[Godday]

I think so far hard drive wallets are the best from a security point of view.  Because digital wallets are very vulnerable to attacks by hackers or disruptions to the digital wallet server.  I also prefer to use a hard drive wallet but of course that's not practical and effective because my assets are too small.  The whales must also employ experts in the field of digital security to secure their digital assets.  There's nothing strange about whales.  They have the level of a large company that stores a lot of data on their private servers.

[Cantsay]

[~snipped]
here you can see the biggest whales store all their bags in one cold wallet, some of them are exchanges wallet and some are personal cold wallet, it is riskier to store all your bags in one cave,
[...]

It is very unlikely for whales to store their coins in an exchange, if they could afford that large amount of coin then what's stopping them from getting a hardware wallet? And after what happened with FTX and the other exchanges, I don't think a whale will even conjure the thought of storing in an exchange. And besides if they refuse to tell the public how they store their coins, what strategies they are using then it's totally understandable because, them leaking their storage method will pose a danger to their holdings.

[cafter]

Good evening dear bitcoin community.

How do you think the big whales like Michael Saylors secure their bitcoins?

Do you think he also runs his own full node using HWW and MultiSig wallets.

I would be interested to know what you think what their setup could look like.


Best regards

here some ideas may whales use to store or record their coins in wallets,

first of all ofcourse they will store in cold wallet, or many cold wallets,
setup: to keeping the cold wallet safe for long term , like keeping at required temperature, keeping at shake proof place , and very strong container to protect from earthquake like events, transfering to different (new cold wallet) wallet every sometimes like a year or 2 year to protect the wallet from damage.(it seems like kids advice.)