BitGo founder: WBTC is backed by a 1:1 Bitcoin reserve

11/26 00:23

BitGo founder Mike Belshe tweeted: "Lots of questions in the past few days about WBTC price action because it dropped 75bps from BTC price. The on-chain reserve certificate shows that WBTC is backed by a 1:1 Bitcoin reserve, and the reserve is kept independently."
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