How Much Bitcoin Will Coinbase Buy?


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“We have committed to invest $500 million of our cash and cash equivalents into a diverse portfolio of crypto assets. Going forward, we will also allocate 10% of quarterly net income into this same portfolio.” – The Coinbase Blog

In a tweet from Coinbase CEO Brian Armstrong on Thursday evening, it was introduced that Coinbase was going to be buying $500 million in a “diverse portfolio of crypto assets,” and an fascinating observe is that the portfolio allocation might be determined primarily based on the custodial balances of the property held on Coinbase by its shoppers.



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