CEO of Coinbase, Brian Armstrong, revealed that the company has already debated the copy of the aggressive Bitcoin purchasing strategy by Michael Saylor.
The 42-year-old billionaire, during a live question session live via X on May 9, discussed details concerning the Coinbase assessment. While Armstrong plans to put most of the balance sheet in the crypto, he finally chose a more prudent path.
“There have certainly been times in the past 12 years we thought, guy, if we put 80% of our assessment in the crypto – in Bitcoin specifically,” said Armstrong.
Such a decision could have endangered the early financial stability of Coinbase, he explained. While the exchange still holds $ 1.3 billion in crypto, mainly Bitcoin (BTC), the financial director Alesia Haas – who also participated in Q&R – stressed that they aim to support customers, and not to compete with them.
Meanwhile, Saylor continues to pick up the bitcoin and fill the microstrategy chests.
Recently, the company spent more than $ 1.42 billion out of $ 15,355 BTC, with an average price of $ 92,737 per Bitcoin. Microstrategy, now as “strategy”, has a total bitcoin of 553,555 BTC. This represents approximately 2.5% of the total supply.
It should finish 2025 with 691,249 BTC, against an earlier estimate of 601,029.
During a call for results on May 1, Saylor responded directly to the concerns of Bitcoin’s volatility and said that more than 70 listed companies participate in the so-called “digital gold rush”.
For example, the logistics company Freight Technologies recently concluded an agreement of $ 20 million with an institutional investor to buy cryptocurrency – but has opted for the official Trump (Trump) on Bitcoin.
Various analysts are also optimistic, because the Bitcoin reserve model continues to gain ground. Companies like Twenty One Capital and Strve Enterprises emulate the “strategy” strategy. Some see huge stock waves, such as Next Technology Holding, which jumped 700% after increasing its Bitcoin hiding place.
