TechFlow, May 10 — According to Key Difference Wire, Brian Armstrong, CEO of Coinbase, one of the largest cryptocurrency exchanges in the United States, revealed that the company had considered adopting a Bitcoin investment strategy similar to Michael Saylor’s—allocating 80% of its balance sheet to cryptocurrencies, particularly Bitcoin—but ultimately abandoned the plan due to risk management concerns.
Armstrong stated the decision was based on a risk assessment, noting that fully committing to Bitcoin investments could jeopardize the financial stability of a startup, potentially even "strangling" the company. Nonetheless, Coinbase still holds a substantial amount of crypto assets, purchasing $153 million worth of cryptocurrencies—primarily Bitcoin—in the first quarter of 2025, bringing the current value of its crypto portfolio to $1.3 billion.
In contrast, since Strategy began large-scale Bitcoin purchases in 2020, its stock price has surged over 3,000%, and it currently holds approximately $54 billion in Bitcoin. Numerous companies are now emulating Saylor’s model by raising capital through stock and debt issuance to fund Bitcoin acquisitions.
