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Coinbase CEO: Coinbase Will Invest 10% of All Profits Going Forward in Crypto

Amy Liu

Summary: Coinbase CEO Brian Armstrong just tweeted that they recently received board approval to purchase over $500M of crypto on their balance sheet to add to their existing holdings. And they will be investing 10% of all profit going forward in crypto. He expects this percentage to keep growing over time as the cryptoeconomy matures. By ...

Coinbase CEO Brian Armstrong just tweeted that they recently received board approval to purchase over $500M of crypto on their balance sheet to add to their existing holdings. And they will be investing 10% of all profit going forward in crypto. He expects this percentage to keep growing over time as the cryptoeconomy matures.

By Amy Liu

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Link: Coinbase CEO: Coinbase Will Invest 10% of All Profits Going Forward in Crypto   [Copy]
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