"Coinbase is long Bitcoin"

Brian, it's 2025. Better late than never, I guess.

Yeh! I think a few years back they said they’d be buying like 10% of the profits or something like that.

`edit`:
> Coinbase will buy $500M in crypto and invest 10% of all future profits in digital assets
>
> *https://cointelegraph.com/news/coinbase-announces-500m-crypto-buying-spree-pledges-to-invest-10-of-future-profits-into-digital-assets*

Wow!!! Didn’t expect this! Coinbase really fumbled the sat here. They could have been light years ahead of any company if they adopted this strategy years ago 

BlokchainB

https://xcancel.com/brian_armstrong/status/1951022635942551645

nitter

"Coinbase is long bitcoin," CEO Brian Armstrong 

 on X following the crypto exchange's Q2 earnings report late Thursday, disclosing it had bought an additional 2,509 BTC during the quarter at a cost of approximately $222 million.

That takes the firm's total bitcoin holdings to 11,776 BTC as of June 30, bought for a total cost of $740 million. "Our holding increased by 2,509 BTC in Q2, and we keep buying more," Armstrong said. Coinbase's stack is currently valued at around $1.3 billion, implying around $614 million of paper gains.

Stacker_Stocks

> #### Quick Take
>
> - Coinbase disclosed it purchased 2,509 BTC in Q2 for approximately $222 million amid declining trading volume and revenue for the quarter.
> - Coinbase also announced plans to offer tokenized stocks and prediction markets in the U.S. as part of its “everything exchange” expansion.
>
> "Coinbase is long bitcoin," CEO Brian Armstrong [declared](https://x.com/brian_armstrong/status/1951022635942551645) on X following the crypto exchange's Q2 earnings report late Thursday, disclosing it had bought an additional 2,509 BTC during the quarter at a cost of approximately $222 million.
>
> That takes the firm's total bitcoin holdings to 11,776 BTC as of June 30, bought for a total cost of $740 million. "Our holding increased by 2,509 BTC in Q2, and we keep buying more," Armstrong said. Coinbase's stack is currently valued at around $1.3 billion, implying around $614 million of paper gains.
>
> **[...read more at theblock.co](https://www.theblock.co/post/365218/coinbase-2509-btc-acquisition-q2-top-10-public-bitcoin-treasury-companies-tesla)**

Quick TakeQuick Take