AFAIK Coinbase was the repository holding company.
Tbh I think the way it works is almost fractional share accounting, and they just "show" the numbers when required, but circulate the same coins
S!ayer
npub1eh…3mz4s
2025-05-27 08:59:27 UTC
in reply to nevent1q…s4gw
Author Public Key
npub1ehkvx8rdjsrwnf7kkqr8gy42vcwe6vwgqdwrl4juqccp689v8wfqr3mz4sSeen on
wss://nos.lolPublished at
2025-05-27 08:59:27 UTCEvent JSON
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