Coinbase CEO: Once considered adopting Michael Saylor's Bitcoin investment strategy, but ultimately did not due to high risks

2025-05-10 08:58:17
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ChainCatcher news, according to Bloomberg, Coinbase had previously considered adopting the Bitcoin purchasing strategy promoted by Michael Saylor, but deemed the plan too risky. Coinbase CEO Brian Armstrong stated in a video speech on the X social network: "Over the past 12 years, we have indeed had moments where we questioned whether we should allocate 80% of our assets into cryptocurrency—specifically, Bitcoin."

Coinbase ultimately decided to abandon this strategy, as it could jeopardize the company's cash position as a startup and could even "stifle" the San Francisco-based company. Nevertheless, according to the company's latest shareholder letter, Coinbase purchased $153 million worth of cryptocurrency (primarily Bitcoin) in the first quarter. According to the letter, the company holds $1.3 billion worth of cryptocurrency (mainly Bitcoin) as investments.

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