Hi @grajee
Thanks for reaching out to Microsoft Q&A Platform .
To provide you more context :
Azure will maintain 3 copies of data at the backend for your account
One is primary , Second is active secondary and the third is standalone .
When ever you apply the lifecycle of a blob to move to cold in 30 days and then archive to 45 days ,
Azure will first move the data to only Secondary and standalone and then to standalone. only .
All of this is completely managed by Azure and hence there is no need to create extra storage accounts from customer stand point of view.
Please do accept the answer if it answers your question.
Thanks & Regards,
Pradeep