TechFlow news, December 3 — Coinbase CEO Brian Armstrong posted on X stating that approximately 25% of the company's assets on its balance sheet, after deducting liabilities, are in cryptocurrencies (about half of which is Bitcoin).
Unfortunately, nearly all of Coinbase's debt is denominated in U.S. dollars, so the question is simply how much risk to take, Armstrong added. He emphasized that Coinbase is not a hedge fund, but personally believes there would be justification for a higher allocation of crypto on the balance sheet—it's merely a matter of how much and why.
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