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. 1 min read
Cryptocurrency exchange Coinbase revealed that it has held bitcoin and other crypto assets on its balance sheet since its founding in 2012.
- 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
Higit pang Para sa Iyo
FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.
Ano ang dapat malaman:
- FalconX has confidentially filed a draft S-1 with the SEC and hired Cantor to advise on a potential IPO, according to a source.
- The crypto prime broker, last valued at $8 billion in 2022, serves institutional clients including hedge funds, asset managers and market makers.
- Cooling investor sentiment, weaker trading...
Top Stories
