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Coinbase Has Held Crypto Assets Like Bitcoin on Its Balance Sheet Since 2012
The disclosure comes as Coinbase is preparing for a public listing in the U.S.
Cryptocurrency exchange Coinbase revealed that it has held bitcoin and other crypto assets on its balance sheet since its founding in 2012.
STORY CONTINUES BELOW
- According to a blog post Thursday, the company plans to maintain its crypto exposure and aims to use that experience to assist other companies that wish to do the same.
- The blog adds that Coinbase has executed "nine- and ten-figure trades" for some of the world's largest institutions.
- The news comes after major listed firms including Tesla and MicroStrategy have disclosed bitcoin treasury investments over recent months.
- The disclosure also comes as Coinbase, which facilitated Tesla's purchases, is preparing for a public listing in the U.S.
See also: How Coinbase Is Worth $100B
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
