Reported 2 days ago
Coinbase has revealed a $150 million investment in bitcoin, part of its long-term strategy which now comprises 25% of its net cash. Unlike companies that focus heavily on holding bitcoin, Coinbase's approach is cautious and operationally aligned, reflecting its identity as a leading crypto exchange rather than an outright bitcoin maximalist. CEO Brian Armstrong emphasizes that these purchases stem from a belief in crypto's future rather than a risk-driven treasury strategy.
Source: YAHOO