According to TechFlow, on December 3, Coinbase CEO Brian Armstrong posted on the X platform that about 25% of its assets are cryptocurrencies (about half of which are Bitcoin) after deducting debts in its balance sheet. Unfortunately, almost all of Coinbase's debts are still denominated in US dollars, so the question is just how much risk to take. Brian Armstrong added that Coinbase is not a hedge fund, and said that he personally believes that there is reason to have a higher allocation ratio of cryptocurrencies in the balance sheet, it's just a matter of how much and why.