Coinbase Invests Heavily in Bitcoin, Adds $300 Million to Holdings

Coinbase, a leading cryptocurrency exchange, significantly bolstered its Bitcoin holdings during the third quarter, purchasing an additional 2,772 BTC worth $300 million. CEO Brian Armstrong confirmed this news on Twitter, highlighting Coinbase’s continued commitment to Bitcoin as part of their long-term strategy. The company now holds a total of 14,548 BTC, valued at approximately $1.57 billion, according to its recent earnings report released on Thursday.