$119,757.00
0.54%$3,010.78
1.23%$2.95
4.02%$688.94
-0.51%$162.15
0.69%$0.999901
-0.00%$0.197022
-0.76%$0.302566
-0.09%$3,010.15
1.23%$0.731936
-1.32%$47.45
-3.07%$119,517.00
0.53%$0.454683
-4.94%$3.85
9.70%$3,636.53
1.30%$15.71
0.23%$504.35
-0.68%$0.235923
-4.49%$21.24
-0.04%$9.00
-0.31%$3,226.33
1.33%$0.00001322
-0.91%$3.02
1.84%$3,011.00
1.26%$95.53
0.96%$0.999747
0.00%$1.00
-0.08%$45.80
-0.88%$344.85
2.43%$3.95
-1.08%$119,807.00
0.64%$9.15
7.36%$1.00
-0.03%$4.45
0.99%$0.0000122
-0.70%$314.63
2.78%$407.85
3.99%$0.458044
-1.93%$0.107132
0.11%$4.96
0.32%$2.57
1.58%$1.18
-0.01%$0.919883
2.02%$5.38
-1.56%$47.96
-1.79%$196.94
0.57%$18.51
0.27%$1.00
0.00%$0.7263
3.51%$0.280204
3.66%$0.085329
-1.08%$1.00
-0.03%$0.335841
-1.75%$4.54
-2.97%$0.00002696
1.62%$0.02427739
-1.61%$0.00585631
7.83%$0.228071
-2.11%$0.40201
-1.77%$1.059
0.02%$3.76
-0.20%$4.51
0.46%$15.81
1.00%$9.40
-1.29%$0.02948433
0.25%$0.334908
6.06%$0.708456
-2.68%$3,014.40
1.20%$1.05
0.76%$2.57
0.19%$119,384.00
0.10%$0.077408
-0.98%$111.90
-3.26%$172.23
0.69%$4.74
0.44%$0.495832
-2.09%$11.53
0.80%$0.998107
-0.07%$0.999883
-0.02%$3,157.72
1.26%$3,431.48
1.29%$1.50
-3.04%$1.001
0.04%$1.86
-1.43%$1.31
1.78%$1.29
0.29%$4.33
3.75%$0.078321
-1.28%$0.796106
1.39%$0.01737671
2.70%$12.36
-0.39%$0.656904
0.52%$3,248.21
2.06%$119,667.00
0.53%$3,163.70
1.20%$0.347677
-3.79%$1.68
-1.35%$1.00
-0.03%$3,177.43
1.48%$1.008
1.06%$0.528668
-0.52%$1.001
0.04%$3,251.85
1.24%$0.098978
-0.47%$0.70613
7.68%$119,697.00
0.83%$3,350.98
-0.08%$121,068.00
-1.60%$1.11
0.01%$0.00009621
-0.58%$689.43
-0.53%$0.155083
-0.55%$0.999665
-0.00%$0.546152
-0.12%$0.218866
-0.12%$182.04
0.70%$10.44
-15.53%$3,347.08
-0.37%$2.38
-0.68%$211.77
0.59%$0.79168
-2.78%$0.858502
2.35%$0.01701186
-1.34%$0.01587906
-1.84%$0.306854
-0.93%$2.80
0.21%$22.56
2.48%$10.75
0.01%$0.421147
-32.60%$111.80
0.02%$0.827948
0.53%$43.09
1.80%$0.0000007
2.49%$0.117977
-0.99%$3,011.66
1.23%$0.256796
1.39%$0.99847
0.06%$0.01976045
13.38%$0.636532
-1.01%$4.01
2.26%$3,231.17
1.55%$1.88
-1.63%$47.42
-3.33%$0.00000163
-14.78%$1.087
-0.70%$3,144.22
1.31%$119,657.00
0.42%$3,013.09
1.23%$0.386958
-0.17%$0.425721
6.46%$0.99994
0.01%$0.308888
-3.30%$0.00873852
-0.31%$0.997858
-0.02%$1.83
-3.87%$0.00623138
24.53%$119,704.00
0.72%$0.547487
-1.20%$2.98
-4.45%$1.54
0.69%$0.054324
-1.70%$118,657.00
0.91%$1.00
-0.01%$47.37
-3.50%$3,011.23
1.26%$26.38
0.47%$0.101682
-1.00%$0.999585
-0.03%$0.640689
-3.33%$0.197364
-0.47%$0.50408
5.26%$0.997785
-0.14%$0.136899
-1.06%$0.349871
12.53%$0.434505
-11.68%$3,202.11
1.12%$0.065561
4.94%$0.223369
0.37%$0.00796213
0.26%$0.429129
-0.36%$0.182186
5.74%$48.55
4.25%$0.381005
1.33%$0.599675
-0.28%$0.999903
-0.00%$6.35
0.33%$6.85
-0.60%$0.00000045
-0.17%$15.30
-2.02%$3,321.91
1.32%$7.53
-0.11%$0.00002121
0.10%$1.12
-2.11%$0.00591295
33.29%$1.31
-1.01%$119,441.00
0.59%$1.093
-0.05%$0.00406162
-11.04%$1.007
0.79%$2.45
-2.36%$3,008.32
1.52%$3,297.56
1.27%$0.054806
-0.10%$1.004
0.36%$0.04019305
-1.20%$0.547685
-0.01%$0.149786
-0.67%$0.080371
0.47%$1.36
4.11%$1.54
2.22%$0.999851
-0.03%$3,009.28
1.29%$3,005.67
1.07%$0.367967
-1.68%$119,511.00
0.58%$0.00688455
1.72%$0.03658572
0.15%$0.794817
-0.94%$0.01865061
-1.09%$0.999762
-0.03%$0.359769
21.95%$0.352967
-1.67%$0.00006266
-1.00%$177.13
0.56%$11.62
1.42%$0.518588
-0.40%$20.86
-1.49%$3,639.94
1.36%$128.05
0.49%$0.721111
0.94%$0.227804
-1.98%$25.81
-0.19%$0.814987
-5.32%$1.12
-1.75%$0.03016016
1.59%$3.90
9.98%$0.00377297
-0.49%$0.758235
0.24%$0.999297
-0.03%$21.23
-0.14%$1.001
-0.02%$0.999319
0.00%$119,639.00
0.39%$1.00
-0.04%$2,405.38
0.55%$0.497816
-17.45%$0.00341304
-4.60%$3,157.82
1.27%Reading
Coinbase CEO Brian Armstrong has revealed that the crypto exchange considered putting 80% of its balance sheet into Bitcoin—but decided against it over fears it could "kill the company."
During a question-and-answer session with customers, executives were asked whether they missed an opportunity to start amassing BTC sooner, given the company had an eight-year headstart on software firm Strategy.
We’re live with @brian_armstrong, @GregTusar, and Alesia Haas answering community questions following yesterday’s financial update. https://t.co/6nzb1uusyG
— Coinbase 🛡️ (@coinbase) May 9, 2025
Armstrong argued that Bitcoin's volatility meant an aggressive approach would have been too risky, especially in Coinbase's early days when key milestones needed to be reached to unlock additional funding rounds.
"If our runway had gone from 18 months—and suddenly it was 12 months, or 10 months—it could have just killed the company entirely," Armstrong said.
He explained that, back when Coinbase was a startup, executives made a "conscious choice about risk," as a sharp pullback in BTC's price at the wrong time would have affected the trading platform's growth.
Nonetheless, Armstrong stressed that the company does hold Bitcoin on its balance sheet, and about 25% of its net cash is currently in crypto.
"We're not going to take 80%, that would be too risky I think," he added.
CFO Alesia Haas told viewers that Coinbase's status as an operating company means that its main focus has been on developing new products and services, as well as onboarding one billion people to crypto.
"We have never thought of ourselves as an investment company, and have not been strategically growing the investment portfolio as a primary business," she said.
Haas went on to reveal that Coinbase's crypto holdings stood at $1.3 billion during the first quarter of 2025, growing by an additional $150 million between January and March. This is mostly BTC along with "a couple" of other digital assets.
"We have plans to grow that—rest assured," she added.
Billionaire investor Tim Draper argued that businesses who have yet to purchase Bitcoin for their corporate treasuries are “being irresponsible.” Speaking at the Financial Times Digital Assets Summit, the prominent Bitcoin bull argued that “everybody ought to have some Bitcoin,” noting that “governments are recognizing that Bitcoin should be in their treasury.” Draper, who remains “optimistic” that Bitcoin will hit $250,000 by the end of 2025, added that he hopes to have a fund “in the next five...
Of course, these reserves pale in comparison to the 555,450 BTC that Strategy has on its balance sheet, which is worth $58 billion at the time of writing.
The software firm first started acquiring BTC back in August 2020, and is currently sitting on paper profits of about $30 billion. Since then, a number of other companies have adopted a similar Bitcoin treasury strategy.
Edited by Stephen Graves.
Grayscale has confidentially submitted preliminary paperwork with U.S. regulators that could lead to the listing of its shares on the public market, the asset manager said Monday in a statement. The firm filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission, according to the press release. Grayscale did not disclose the number of shares it plans to register, nor the price range for the proposed registration. Draft S-1’s are introductory filings, enabl...
Metaplanet CEO Simon Gerovich is helping to advance a Bitcoin treasury strategy campaign in Asia through a newly approved acquisition of a South Korean public firm, following a similar move in Thailand earlier this month. South Korea's SGA Co., a systems integrator serving government and education clients, has received board approval to issue more than 58 million new shares to a group led by Sora Ventures and KCGI, including Gerovich in an individual capacity. The issuance, approved by its boar...
A growing number of publicly traded companies are stockpiling digital assets in their corporate treasuries—a sign of growing interest in crypto as prices soar. But as more firms imitate software firm Strategy’s token-HODLing playbook, things have become weird. Several publicly traded companies with unorthodox operating businesses are beginning to add Bitcoin and other virtual currencies to their balance sheets. Noodle giants, love hotel operators, and telemedicine cannabis prescribers are amon...
