Coinbase Buy Bitcoin every week
Coinbase, the largest cryptocurrency exchange platform in the United States, is buying Bitcoin (BTC) in a weekly way. This was stated by his CEO, Brian Armstrong.
“We bought more bitcoin every week. We have a long position in Bitcoin,” wrote the executive, showing the strategy that the company follows with respect to the digital currency created by Satoshi Nakamoto.
Armstrong has repeatedly expressed his long -term vision on Bitcoin, and has reiterated that he considers that the digital currency will have a bullish rebound.
As cryptootics reported, CEO maintains that Bitcoin could become a reserve asset in the United States, especially in the face of public debt growth. In addition, he stated that Bitcoin would be a better reserve option for the North American country, compared to the dollar or treasure bonds.
Currently, Coinbase is located as the tenth public contribution company with the greatest amount of BTC in its treasury. According to the Bitcintreasuries site, the company accumulates a total of 9,267 BTC. This figure represents an increase of 34% compared to January this year, When your holdings were 6,885 BTC.
The Exchange, along with other dozens of companies, Bet on a Bitcoin periodic accumulation policy which strengthens its exposure to digital currency and consolidates its presence among companies with the largest BTC reserves globally.
