PANews reported on December 3 that Coinbase CEO Brian Armstrong stated on social media that the U.S. government's sale of Bitcoin is a 'major strategic error' and believes it should not sell the Bitcoin it holds. In addition, he revealed that approximately 25% of Coinbase's net asset value (after debt) is in cryptocurrency, with about half of that being Bitcoin, accounting for 12.5% of total net asset value.
He pointed out that, since most of Coinbase's liabilities are still denominated in US dollars, it is currently difficult to bear higher Bitcoin allocation risks, but he is open to increasing the holding ratio and welcomes community discussion on this.
