Coinbase has announced its own investment in bitcoin

The American cryptocurrency exchange Coinbase has disclosed information about its own investments in bitcoin and other digital assets.

“Since its founding in 2012, Coinbase has kept bitcoin and other cryptoassets on its balance sheets,” wrote Brett Tejpole , head of institutional sales, trading, custody and exclusive services at Coinbase. “We plan to support investment in crypto assets as we strongly believe in the long-term potential of the crypto economy.”

Presumably, this is the first time such information has been disclosed from Coinbase. Tejpol did not specify the amount of investments and the current size of assets.

According to the Bitcoin Treasuries portal, the volume of assets of public and other companies in bitcoin has reached $ 66 billion today. Coinbase itself has helped such companies, including Tesla and MicroStrategy, buy cryptocurrency in the past. Coinbase handled nine- and ten-figure deals for its “largest institutions in the world” clients, Tejpol said. Sources say the exchange has at least six clients from Fortune 500 companies.

Coinbase has disclosed its Bitcoin investment ahead of its own entry into the stock market. In December, for this, she filed an S1 application with the US Securities and Exchange Commission (SEC). The application was made in confidence, but it is expected that its details may be disclosed in the coming days or weeks. Among other things, it may contain information about the company’s investments in bitcoin.

According to the latest figures , Coinbase was valued at over $ 100 billion in pre-trading.

Leave a comment