According to Bloomberg, Coinbase CEO Brian Armstrong stated that the company had considered adopting Michael Saylor's Bitcoin investment strategy but ultimately abandoned it, believing that such a move would expose the startup to a risk of cash flow disruption. Nevertheless, Coinbase purchased $153 million in crypto assets in the first quarter of 2025, most of which were Bitcoin, and currently holds $1.3 billion in cryptocurrencies in its portfolio. Additionally, Next Technology Holding Inc. announced that its Bitcoin holdings increased from 833 to 5,833, with its stock price surging by as much as 600% on that day.