CoinVoice has recently learned that Coinbase CEO Brian Armstrong disclosed on the X platform that approximately one-quarter of Coinbase's balance sheet is in 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 merely 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 question of how much and why. [Original link]
