The CEO of Coinbase, Brian Armstrong, revealed that the company once discussed the aggressive Bitcoins purchase strategy of Michael Saylor.
The 42 -year -old billionaire, duration of a live question and answer session through X on May 9, discussed the details about the general balance of Coinbase. While Armstrong considered to put most of the cryptography balance, he finally chose a more cautious path.
“There were definitely moments in the last 12 years in which we think, man, if we place 80% of our crypto balance, in Bitcoin specifically,” Armstrong said.
Such movement could have put in danger the early financial stability of Coinbase, he explained. While the exchange still has $ 1.3 billion in cryptography, mainly Bitcoin (BTC), CFO Alesia Haas, who also participated in the questions and answers, emphasized that they support customers, not compete with the subject.
Meanwhile, Saylor continues to collect bitcoin and fill the microsstrategy coffers.
Recently, the company spent $ 1.42 billion at 15,355 BTC, with an average price of $ 92,737 per Bitcoin. Microstrategy, which now goes as “strategy”, has total Bitcoin or 553,55 BTC holdings. That is approximately 2.5% of the total supply.
It is expected that 2025 will end with 691,249 BTC, above an earlier estimate or 601.029.
In a earning call on May 1, Saylor addressed Bitcoin’s volatility directly and said that some 70 companies that quote on the stock market participate in the so -called “digital gold fever.”
For example, the Freight Technologies logistics firm recently reached a $ 20 million agreement with an institutional investor to buy cryptocurrencies, but opted for Trump’s official memecs (Trump) on Bitcoin.
Several analysts also remain optimistic, since the Bitcoin reserve model continues to win traction. Companies like Twenty One Capital and Stive Enterprises are emulating the “strategy” strategy. Some see huge stock overthes, such as Next Technology Holding, which increased by 700% after increasing their Bitcoin stash.
