Coinbase CEO passes on Saylor’s Bitcoin balance sheet bet

CEO of Coinbase, Brian Armstrong, revealed that the company has already debated the copy of the aggressive Bitcoin purchasing strategy by Michael Saylor.

The 42-year-old billionaire, during a live question session live via X on May 9, discussed details concerning the Coinbase assessment. While Armstrong plans to put most of the balance sheet in the crypto, he finally chose a more prudent path.

“There have certainly been times in the past 12 years we thought, guy, if we put 80% of our assessment in the crypto – in Bitcoin specifically,” said Armstrong.

Such a decision could have endangered the early financial stability of Coinbase, he explained. While the exchange still contains $ 1.3 billion in crypto, mainly bitcoin (BTC), The financial director Alesia Haas – who also participated in Q&R – stressed that they aimed to support customers, and not to compete.

Meanwhile, Saylor continues to pick up the bitcoin and fill the microstrategy chests.

Recently, the company spent Over $ 1.42 billion on 15,355 BTC, with an average price of $ 92,737 per Bitcoin. Microstrategy, now as “strategy”, has a total bitcoin of 553,555 BTC. This represents approximately 2.5% of the total supply.

It is expected Finally, 2025 with 691,249 BTC, up compared to a previous estimate of 601,029.

In a call for results on May 1, Saylor discussed the concerns of Bitcoin volatility directly and claimed that more than 70 listed companies participate in the so-called “rush to digital gold”.

For example, the freight technologies of the recently logistics company struck An agreement of $ 20 million with an institutional investor to buy a cryptocurrency – but opted for the Trump official (ASSET) same on Bitcoin.

Various analysts stay optimisticBecause the Bitcoin-Reserve model continues to gain ground. Companies like Twenty One Capital and Strve Enterprises emulate the “strategy” strategy. Some see enormous stock overvoltages, such as the next technology, which jumped 700% after increasing your Bitcoin hiding place.