Share this article
Coinbase Has Held Crypto Assets Like Bitcoin on Its Balance Sheet Since 2012
The disclosure comes as Coinbase is preparing for a public listing in the U.S.
Updated May 9, 2023, 3:16 a.m. Published Feb 25, 2021, 10:13 a.m.
Cryptocurrency exchange Coinbase revealed that it has held bitcoin and other crypto assets on its balance sheet since its founding in 2012.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- According to a blog post Thursday, the company plans to maintain its crypto exposure and aims to use that experience to assist other companies that wish to do the same.
- The blog adds that Coinbase has executed "nine- and ten-figure trades" for some of the world's largest institutions.
- The news comes after major listed firms including Tesla and MicroStrategy have disclosed bitcoin treasury investments over recent months.
- The disclosure also comes as Coinbase, which facilitated Tesla's purchases, is preparing for a public listing in the U.S.
See also: How Coinbase Is Worth $100B
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
