Published on 30 Oct 2024 on Benzinga
Coinbase Global Inc. COIN said it wants to expand its cryptocurrency investment portfolio and emphasized that assets held on its books, including Bitcoin BTC/USD, are intended to be retained for the long term
What Happened: During the company's third-quarter 2024 earnings call, the management was asked whether they would pursue a reserve strategy akin to MicroStrategy, a Bitcoin investment company, with over $18 billion worth of the asset on its balance sheet.