Coinbase Has Held Crypto Assets Like Bitcoin on Its Balance Sheet Since 2012

The disclosure comes as Coinbase is preparing for a public listing in the U.S.

Feb 25, 2021 at 10:13 a.m. UTC
Updated Sep 14, 2021 at 12:17 p.m. UTC

Cryptocurrency exchange Coinbase revealed that it has held bitcoin and other crypto assets on its balance sheet since its founding in 2012.

  • According to a blog post Thursday, the company plans to maintain its crypto exposure and aims to use that experience to assist other companies that wish to do the same.
  • The blog adds that Coinbase has executed "nine- and ten-figure trades" for some of the world's largest institutions.
  • The news comes after major listed firms including Tesla and MicroStrategy have disclosed bitcoin treasury investments over recent months.
  • The disclosure also comes as Coinbase, which facilitated Tesla's purchases, is preparing for a public listing in the U.S.

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