PANews reported on December 3 that Coinbase CEO Brian Armstrong stated on social media that the US government's sale of Bitcoin is a "major strategic mistake" and believes it should not sell its holdings of Bitcoin. In addition, he revealed that approximately 25% of Coinbase's net asset value (excluding debt) is in cryptocurrencies, about half of which is Bitcoin, accounting for 12.5% of total net asset value.
He pointed out that due to most of Coinbase's liabilities being denominated in US dollars, it is currently difficult to bear a higher risk of Bitcoin allocation, but he is open to increasing the position and welcomes community discussion on this matter.
