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Friday, August 20, 2021

Coinbase to add $500,000,000 of crypto to balance sheet and put 10% of profits into crypto moving forward

CEO of Coinbase: “We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.”

Edit: Via Brian Armstrong’s Twitter



Submitted August 19, 2021 at 06:09PM by mertzii-_- https://ift.tt/3j37Gl2 https://ift.tt/2Z7cX2s

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