💬 Brian Armstrong, the CEO of Coinbase, stated that the company had considered adopting the Bitcoin investment strategy employed by Michael Saylor, but ultimately decided not to proceed.

"There have definitely been moments over the past 12 years where we were thinking: man, we should put 80% of our balance sheet in Bitcoin."

However, Coinbase acquired $153 million worth of cryptocurrencies, mostly Bitcoin, during the first quarter of 2025, bringing its total cryptocurrency holdings to $1.3 billion.