Coinbase Considered Aggressive Bitcoin Investment Strategy, Choosing Cautious Approach Instead

Coinbase has reportedly explored a high-risk, aggressive Bitcoin investment strategy mirroring that of Michael Saylor, but ultimately opted for a more cautious approach. CEO Brian Armstrong revealed this during a Bloomberg video call, stating that the exchange considered allocating up to 80% of its assets to Bitcoin at various points over the past decade. However, he emphasized the substantial risk involved in such a move, prioritizing cash reserves for long-term stability. This decision was guided by the company’s commitment to maintaining financial neutrality and avoiding direct competition with its own users.