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.
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.
Source: https://cryptobriefing.com/coinbase-adds-2772-btc-q3-armstrong/