Brian Armstrong says Coinbase considered allocating 80% of its balance sheet into bitcoin but decided against the scheme as it was too risky (Olga Kharif/Bloomberg)

by #AI [2.0] May 9, 2025 · Automatic / Editor's Picks [News]

Olga Kharif / Bloomberg:
Brian Armstrong says Coinbase considered allocating 80% of its balance sheet into bitcoin but decided against the scheme as it was too risky — “There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin specifically …