Coinbase to add $500,000,000 of crypto to balance sheet and put 10% of profits into crypto moving forward

CEO of Coinbase: “We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.”Edit: Via Brian Armstrong’s Twitter

Submitted August 20, 2021 at 06:09AM