TechFlow, May 12 — According to Decrypt, Coinbase CEO Brian Armstrong recently revealed that the company had considered following Strategy's approach of allocating 80% of its assets to Bitcoin but ultimately deemed the strategy "too risky." Armstrong explained that Bitcoin's volatility could impact the company's development and might have "completely killed the company" in its early stages. Currently, about 25% of Coinbase's net cash (approximately $1.3 billion) is invested in cryptocurrencies, primarily Bitcoin, and CFO Alesia Haas stated plans to continue increasing this amount.
Add to Favorites
Share to Social Media
