Coinbase recently invested $150 million in cryptocurrency, primarily bitcoin. This move increased their long-term investment portfolio to $1.3 billion, which now constitutes 25% of their net cash. CFO Alesia Haas emphasized that Coinbase, as an operating company, invests in the crypto space without tying its corporate identity to bitcoin holdings. CEO Brian Armstrong highlighted that the company’s focus on crypto since its inception 12 years ago drives these investments. He views the purchase of bitcoin as a natural extension of their operational alignment and long-term commitment to the sector, rather than a treasury strategy or a headline-seeking move.
Swan
@Swan
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Mar 31 JUST IN: Michael Saylor announces Strategy acquired another 22,048 #Bitcoin for $1.92 billion
They now HODL 528,185 Bitcoin
Cobak
@CobakOfficial
·
15h Coinbase once considered going all-in on Bitcoin like MicroStrategy but chose long-term stability over risky gains.
CEO Armstrong said trust and conflict of interest with customers were key reasons to avoid BTC concentration.
https://cobak.co/en/community/182/post/1601905…
#Coinbase #Bitcoin
Mario Nawfal
@MarioNawfal
·
Mar 15 COINBASE CEO: BITCOIN HEADED FOR MULTIPLE MILLIONS
Brian Armstrong:
“It’s being adopted by more and more institutional customers. The ETFs brought in a huge amount of inflow.
If we get clear legislation passed in The U.S., that would be a big milestone.
Strategic Bitcoin
Gxi.io
@Gxi_io
·
May 9 JUST IN:Coinbase has considered emulating MicroStrategy in hoarding Bitcoin on multiple occasions, but ultimately abandoned the idea due to potential risks.
US Stock Next Technology Soars Over 700% Due to Heavy Bitcoin Holdings in Q1.
CryptoTvplus
@Cryptotvplus
·
May 5 MicroStrategy, now Strategy, bought 1,895 Bitcoin for $180.3M at $95,167 each, holding 555,450 BTC worth $38.08B.
Michael Saylor’s firm signals continued Bitcoin accumulation ahead of its Orlando conference.
Ender News
@EnderNewsio
·
May 10 **[News Analysis] Coinbase’s Strategic BTC Investment: Distinct from Bitcoin Maximalist Approach**
Coinbase has announced a $150 million investment in crypto, mainly focusing on Bitcoin. This strategic maneuver sets them apart from the typical maximalist approach, such as that
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