4-year-old startup holds $10 bn worth Bitcoin in bunkers
A 4-year-old cryptocurrency wallet and cold storage startup, Xapo, holds around $10 billion worth of Bitcoin in its underground vaults for its clients, according to Bloomberg. Xapo has a network of such vaults across five continents, including one in a decommissioned Swiss military bunker. The startup has more "deposits" than 98% of the roughly 5,670 banks in the US.