Coinbase Considered Major Bitcoin Investment but Opted Against It
- Coinbase CEO Brian Armstrong revealed the company considered investing 80% of its cash reserves in Bitcoin.
- The decision was abandoned due to potential risks to the company’s financial stability.
- CFO Alesia Haas stated the firm did not want to appear as competing with its customers by stockpiling Bitcoin.
- In Q1, Coinbase spent $153 million on digital assets, primarily Bitcoin, and now holds $1.3 billion in crypto.
- The current trading price for Bitcoin is $103,935.
Coinbase decided against a significant investment in Bitcoin due to potential risks, although it still invested $153 million in digital assets this year.
Source (2.6)https://dailyhodl.com/2025/05/11/brian-armstrong-says-coinbase-considered-putting-80-of-balance-sheet-to-crypto-but-decided-against-it-report/?rand=59076
