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Coinbase Has Held Crypto Assets Like Bitcoin on Its Balance Sheet Since 2012

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Jamie Crawley
·1 min read
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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

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