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Alexander Leishman
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Jun 2, 2026
River Has $2 Billion In Bitcoin Under Custody — Does Strategy Need To Prove Theirs?
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Alexander LeishmanGUEST
They were one of the biggest, first big crypto funds to kind of realize that this is a sort of an institutional investment opportunity.

Alexander LeishmanGUEST
And I was doing a lot of Bitcoin stuff there and playing around with some ideas.

Alexander LeishmanGUEST
I prototyped some early discrete log contract stuff and things like this.

Alexander LeishmanGUEST
They actually led the seed rounds for River and also had a number of really great angel investors who've really believed in our vision.

Tyler RoweHOST
How do you manage your Bitcoin treasury versus holding on to cash balances for day-to-day expenses? And what's, I guess, the strategic vision for River Alex?
Building A Bitcoin Bank w/ Alexander Leishman
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5:30GwartHOST
Not asking you to necessarily castrate them, but just maybe contrast that.

Alexander LeishmanGUEST
So basically, long story short, at River, we make it easy to buy Bitcoin, keep it safe.

Alexander LeishmanGUEST
That's like if you had to sum up our business in one sentence, it's that.

Alexander LeishmanGUEST
And the trajectory that our company is on is to be somebody's primary bank account.
19 MINS LATER
G
24:35GwartHOST
Why do you think this is a very big deal for an exchange?