Coinbase CEO Brian Armstrong revealed that the corporate as soon as debated copying Michael Saylor’s aggressive Bitcoin-buying technique.
The 42-year-old billionaire, throughout a dwell Q&A session through X on Might 9, mentioned particulars concerning Coinbase’s stability sheet. Whereas Armstrong thought-about placing many of the stability sheet into crypto, he finally selected a extra cautious path.
“There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin specifically,” Armstrong stated.
Such a transfer may’ve jeopardized Coinbase’s early monetary stability, he defined. Whereas the alternate nonetheless holds $1.3 billion in crypto, primarily Bitcoin (BTC), CFO Alesia Haas — who additionally participated within the Q&A — emphasised they purpose to help prospects, not compete with them.
In the meantime, Saylor continues to scoop up Bitcoin and fill MicroStrategy’s coffers.
Just lately, the corporate spent over $1.42 billion on 15,355 BTC, with a median worth of $92,737 per Bitcoin. MicroStrategy, now going as “Strategy,” boasts whole Bitcoin holdings of 553,555 BTC. That’s about 2.5% of the entire provide.
It’s anticipated to finish 2025 with 691,249 BTC, up from a previous estimate of 601,029.
In an earnings name on Might 1, Saylor addressed Bitcoin’s volatility considerations straight and claimed that over 70 publicly traded corporations are collaborating within the so-called “digital gold rush.”
For instance, logistics agency Freight Applied sciences lately struck a $20 million take care of an institutional investor to buy cryptocurrency — however opted for Official Trump (TRUMP) memecoins over Bitcoin.
Varied analysts additionally stay bullish, because the Bitcoin-reserve mannequin continues to realize traction. Companies like Twenty One Capital and Attempt Enterprises are emulating the “Strategy” technique. Some see large inventory surges, like Subsequent Expertise Holding, which jumped 700% after boosting its Bitcoin stash.
