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40 sats \ 1 reply \ @keeftronics 4 May 2022 freebie \ on: Coinbase house of cards -- they're leveraging using your BTC | IIICapital bitcoin
According to this article they used their own BTC, NOT users':
The dollar value of the loan has not been disclosed, but it was collateralized by a portion of Coinbase’s total holdings of 4,487 BTC, worth around $170 million at the time of writing.
https://cointelegraph.com/news/coinbase-took-out-the-first-bitcoin-backed-loan-from-goldman-sachs
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0 sats \ 0 replies \ @ExponentialBTC OP 5 May 2022
Thanks for sharing that.
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