PayPal: about $1 billion in crypto assets on its balance sheet
According to its quarterly 10-Q report filed with the Securities and Exchange Commission (SEC), PayPal reported holding approximately $1 billion in crypto assets.
Specifically, the company disclosed that it held assets with a total value of $943 million, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
Since late last year, PayPal has seen an increase of $339 million in its portfolio of crypto assets. In fact, PayPal’s 10-Q states the following:
“The company maintains internal records of the share of our clients’ crypto assets, including the amount and type of assets each of them owns.”
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