The Coinbase management was scared to invest money in bitcoins
Imagine this: the management of one of the largest cryptocurrency exchanges was about to repeat Michael Saylor's feat and invest 80% of its reserves in bitcoin – just like in the blockbuster "Crypto-Apocalypse". Fortunately, common sense prevailed: the idea was deemed too hot and postponed for better times.
Instead, in the first quarter of 2025, the exchange modestly purchased digital coins for $153 million. Now, its "stash" holds crypto worth $1.3 billion, of which $988 million is Bitcoin, making up only 5.8% of total assets of $22.5 billion.
Meanwhile, in the world of corporate bitcoin hunters, the number of public companies that bought BTC has tripled to 193. In terms of investment volume, Coinbase proudly occupies the 8th place, while the leader of the ranking boasts bitcoins worth $57.8 billion on its balance sheet. Sometimes reason prevails over the thirst for hype – and that's not bad for keeping a cool head amidst the market's passions!
