Coinbase boosts Bitcoin holdings by 2,772 BTC in Q3, CEO Armstrong confirms
Coinbase's latest Bitcoin purchase signals growing corporate confidence in digital assets amid regulatory developments and evolving treasury management practices.
Key Takeaways
- Coinbase acquired 2,772 BTC in the third quarter, confirmed by CEO Brian Armstrong.
- The move signals Coinbase's growing strategy to hold Bitcoin as a long-term reserve asset.
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Coinbase, a prominent US crypto exchange, increased its Bitcoin holdings by 2,772 BTC during the third quarter, CEO Brian Armstrong confirmed today.
The acquisition reflects Coinbase’s ongoing strategy to accumulate Bitcoin as a long-term reserve asset. Armstrong has emphasized the company’s commitment to building its Bitcoin treasury amid broader institutional interest in crypto assets.
The move aligns with Coinbase’s positioning as a corporate Bitcoin holder, similar to other firms treating the digital asset as a hedge against inflation. The exchange has integrated Bitcoin purchases into its balance sheet strategy while expanding custody services for institutional investors.
Coinbase’s Bitcoin accumulation comes during a period of increased regulatory clarity under the Trump administration, supporting corporate adoption narratives across the crypto sector.
