Coinbase Rejects Bitcoin Hoarding Strategy: Focus Shifts to Trading and Compliance

Coinbase has opted against adopting a Bitcoin hoarding strategy, similar to MicroStrategy’s approach, despite exploring the possibility. This decision was driven by concerns regarding potential risks and prioritization of regulatory compliance over speculative asset accumulation. Coinbase’s CEO, Brian Armstrong, confirmed this shift in focus, stating that the company is committed to ‘regulatory compliance and innovation,’ rather than engaging in speculative treasury acquisitions.