Coinbase, the largest cryptocurrency exchange platform in the United States, purchases Bitcoin (BTC) every week. This was stated by his CEO, Brian Armstrong.
“We bought more Bitcoin every week. We have a longer position in Bitcoin,” the executive wrote, indicating the strategy the company follows in regards to the digital currency created by Nakamoto.
Armstrong has repeatedly expressed his long-term vision for Bitcoin, reiterating that he believes digital currency will be bullishly rebound.
As reported by Cryptootics, CEOs argue that Bitcoin could become a reserve asset in the US, particularly in the face of growth in public debt. Additionally, he said Bitcoin will be a better reserve option for North American countries compared to dollars and treasure bonds.
Today, Coinbase is the 10th public contribution company in the Ministry of Finance with the most BTC. According to the BitCintreasuries site, the company has accumulated a total of 9,267 BTC. This figure represents a 34% increase compared to January this year. When your holdings are 6,885 BTC.
Exchanges, along with dozens of other companies, Bet on Bitcoin’s Regular Accumulation Policy It strengthens its exposure to digital currencies and integrates its presence among companies with the world’s largest BTC reserves.