According to a blog post by Bitcoin payments company Strike CEO and co-founder Jack Mallers, Strike has moved customers’ Bitcoin (BTC) and U.S. dollar (USD) holdings to its own internal infrastructure. Mallers said the move, part of a two-year effort, will reduce counterparty risk while ensuring the robustness and performance of the company's products and services. The company, which has a client base in more than 65 countries, will now host bitcoin and fiat currencies directly through Strike. Strike declined to comment on the situation with its former custodian.