According to Coinbase, he thought about adopting the Playbook Bitcoin investment book such as Michael Sailor’s strategy on multiple occasions, but he decided against him every time for fear that it would kill the exchange of encryption to the company.
“There have been certainly moments over the past 12 years when we thought, if we put 80 % of our public budget for encryption – in Bitcoin specifically,” Brian Armstrong, CEO of Coinbase He said Bloomberg in the May 9 video call.
Armstrong said that Bitcoin (BTC) could have risked the company’s monetary center and may have killed the encryption. “We have made a conscious choice about the dangers,” he added.
Coinbase Alicia Haas, who also attended the video call, added that the company does not want to look at it as competing directly against its customers, which will be superior to encrypted currencies.
“Be reassuring, we do not stop there,” said Haas.
according to Bitcointreasuries.netCoinbase 9,480 Bitcoin – $ 988 million at current market prices – which constitute most of the $ 1.3 billion encryption assets.
Armstrong’s Crypto Exchange is the largest bitcoin holder for ninth companies, as it falls behind the likes of strategy, Mara Holdings and Tesla.
Related to: $ 45 million stolen from Coinbase users last week – Zachxbt
Many companies have started copying the playing book in Silor, and financing purchases through sales of stocks and sales on a bet that the bitcoin price estimation will enhance their stock prices.
More than 100 public companies have now been reported that Bitcoin is detained all over the world, while 40 exporters of the boxes circulated on the stock exchange, 26 private companies and 12 national countries about work on the encrypted currency.
Coinbase deepening the derived offers by acquiring Deribit
On May 8, Coinbase has agreed to obtain the Deribit encryption platform for $ 2.9 billion, which represents the largest acquisition of companies in this field so far.
The acquisition of Coinbase’s emissions will significantly in the CRYPTO derivo market, which was previously limited to the Bermuda platform.
Coinbase noted that Deribit has facilitated more than one trillion dollars in the trading volume in 2024 and has about $ 30 billion of current open benefits.
The company said that the deal makes Coinbase now the “global leader” in trading encryption derivatives.
magazine: Crypto wanted to topple banks, and now it’s in Stablecoin fighting
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