CoinCodex: Coinbase Will Invest $500 Million into Crypto as the Newest Public Company to Have Crypto on Its Balance Sheet
Major cryptocurrency exchange Coinbase will start holding cryptocurrency on its balance sheet, according to an announcement published earlier today. The company will start off by investing $500 million of its cash and cash equivalents into crypto assets. Notably, the portfolio will not just include Bitcoin, as Coinbase also plans to become the first publicly traded company to hold Ethereum, PoS coins, DeFi tokens and other types of crypto assets on its balance sheet.
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