Coinbase boosts Bitcoin holdings by 2,772 BTC in Q3, CEO Armstrong confirms
Crypto Briefing
Coinbase acquired 2,772 Bitcoin in Q3, confirming its strategy to hold BTC as a long-term reserve asset.Summary
Coinbase, a major US crypto exchange, increased its Bitcoin holdings by 2,772 BTC during the third quarter, as confirmed by CEO Brian Armstrong. This acquisition is part of Coinbase's ongoing strategy to accumulate Bitcoin and hold it as a long-term reserve asset, aligning with the company's commitment to building its Bitcoin treasury. The move also reflects a broader trend of corporate adoption, where firms treat digital assets as a hedge against inflation, while Coinbase continues to expand its custody services for institutional investors.
(Source：Crypto Briefing)