$BTC Coinbase CEO Brian Armstrong disclosed in a post on X platform that about a quarter of Coinbase's balance sheet is cryptocurrency after deducting debts, half of which is Bitcoin, similar to its percentage in the total market value of cryptocurrencies.

Unfortunately, almost all of Coinbase's debt is still denominated in dollars, so the question is just how much risk to take on. Brian Armstrong added that Coinbase is not a hedge fund and expressed his personal belief that the allocation of cryptocurrency on the balance sheet should be higher, just a matter of how much and why.