Express

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

Last Update:

Tags: ,,
Link: Coinbase CEO: Coinbase Will Invest 10% of All Profits Going Forward in Crypto   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.