Coinbase’s CEO Brian Armstrong said the company once discussed a copy of Michael Saylor’s aggressive Bitcoin purchase strategy.
The 42 -year -old billionaire discussed the details of Coinbase’s balance on the Live Q & A session on May 9th. Armstrong considered most of the loan controls in encryption, but ultimately chose a more cautious path.
Armstrong said, “In the past 12 years, we had a moment when we thought we should put 80%of the balance on Bitcoin in encryption.
This movement can endanger the initial financial stability of the coinbase, he explained. The exchange still owns $ 1.3 billion in Crypto, but emphasized that BTC (Bitcoin) (BTC) emphasized that CFO Alesia Haas, who participated in Q & A, aimed to support customers without competing with customers.
Saylor, meanwhile, continues to spread Bitcoin and fill MicroStrategy’s safe.
Recently, the company has spent more than $ 14.2 billion in 15,355 BTC and the average price per bitcoin is $ 92,737. Microstrategy is currently in “strategy” and has a total Bitcoin of 553,555 BTC. It is about 2.5%of the total supply.
It is expected to end in 2025 with 691,249 BTC in the previous estimates of 601,029.
In import calls on May 1, Saylor directly solved Bitcoin’s volatility issues and insisted that more than 70 public trading companies participated in the so -called “Digital Gold Rush”.
For example, the logistics company Freight Technologies recently made $ 20 million in transactions to buy Cryptocurrency with institutional investors, but chose Trump Memecoins for Bitcoin.
Various analysts are optimistic because the Bitcoin-Material model continues to be traction. Companies such as Twenty Capital and Strive Enterprises are imitating the “strategy” strategy. Some see huge stocks, such as Next Technology Holding, which has increased 700% after strengthening Bitcoin Stash.