Coinbase CEO Contemplates Bold Bitcoin Strategy
Coinbase CEO brian Armstrong shared that the company once considered adopting Michael Saylor’s aggressive Bitcoin-buying approach. During a live Q&A on X, Armstrong revealed that Coinbase debated investing 80% of its balance sheet into Bitcoin.
though, Armstrong opted for a more cautious strategy. “We thought about it, but we didn’t want to risk our early financial stability,” he explained. Currently, Coinbase holds $1.3 billion in crypto, primarily Bitcoin. CFO Alesia Haas clarified that thier goal is to support customers, not compete with them.
Meanwhile, Saylor’s MicroStrategy, now rebranded as “Strategy,” continues to buy Bitcoin. Recently, they spent over $1.42 billion on 15,355 BTC, bringing their total holdings to 553,555 BTC—about 2.5% of the total supply. They aim to hold 691,249 BTC by 2025.
on May 1, Saylor addressed Bitcoin’s volatility and noted that over 70 publicly traded companies are joining the “digital gold rush.” As a notable example, Freight Technologies made a $20 million deal to buy Official Trump (TRUMP) memecoins rather of Bitcoin.
Analysts remain optimistic about the Bitcoin-reserve model. Companies like Twenty One Capital and Strive Enterprises are following MicroStrategy’s lead. Some firms, like Next Technology Holding, have seen massive stock surges after increasing their Bitcoin holdings.
