Coinbase On Following MicroStrategy’s Bitcoin Playbook: Looking For ‘Opportunities,’ Says CFO, But Highlights Key Difference Between The Two Companies
Posted On October 31, 2024
Coinbase Global Inc. (NASDAQ:COIN) said it wants to expand its cryptocurrency investment portfolio and emphasized that assets held on its books, including Bitcoin (CRYPTO: BTC), are intended to be retained for the long term
What Happened: During the company’s third-quarter 2024 earnings call, the management was asked whether they would pursue a reserve strategy akin to MicroStrategy, a Bitcoin investment company, with over $18 billion worth of the asset on its balance sheet.
Alesia Haas, the Chief Financial Officer, informed that the company does maintain a cryptocurrency investment portfolio on its balance sheet, the fair market …
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