Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’

According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 mil millones. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse.

Contenido

Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept. 30, Firm Holds 2 Million Bitcoin

Two days ago, Bitcoin-Tidings.com Noticias reportado on Binance’s exchange reserves and at the time the trading platform had close to 600,000 bitcoin, according to cryptoquant.com metrics. As of Nov. 20, 2022, cryptoquant.com stats indicate that Binance holds roughly 584K bitcoin. On the same day, data shows that Coinbase Pro, otherwise known as Coinbase Exchange, holds roughly 532K bitcoin.

Es más, our newsdesk also reportado on Grayscale discussing its balance sheet, as the fund manager noted that “all digital assets that underlie Grayscale’s digital asset products are stored under the custody of Coinbase Custody Trust Company.” Between Coinbase’s different services, like the exchange and custody solutions, the publicly-listed company holds a great deal of bitcoin (BTC).

en noviembre. 22, 2022, base de monedas (Nasdaq: MONEDA) co-founder and CEO Brian Armstrong tweeted about the firm’s BTC stash in order to dispel any ‘fear, incertidumbre, and doubt’ (FUD). “If you see FUD out there – remember, our financials are public (we’re a public company),” Armstrong dijo el martes. “We hold ~2M BTC. ~$39.9B worth as of 9/30.” The Coinbase co-founder added:

We all need to come together to build this industry in a responsible way going forward. Be wary of false information.

Armstrong further shared the company’s shareholder letter, which highlights a consolidated list of Coinbase assets. The Coinbase CEO’s statements on Twitter follow the conversations concerning proof-of-reserves and financial audits.

Screenshot shared on Twitter by Coinbase CEO Brian Armstrong on Nov. 22, 2022.

The proof-of-reserves topic has gained traction and a handful of exchanges have Anunciado upcoming proof-of-reserve audits. Por ejemplo, el noviembre. 21, 2022, Bitstamp detailed that the company has been audited since 2016.

“Bitstamp Group and our legal entities have been audited by a big four global accounting firm on an annual basis since 2016,” Bitstamp said on Monday. “They will be releasing our proof of reserves audit and the corresponding proof of liabilities. These will provide our customers with an independently conducted verification of their Bitstamp balances, and the assurance that Bitstamp has the assets to cover them fully.”

While Coinbase Global shares are down 82% year-to-date, COIN shares gained 5.24% just before the closing bell on Wall Street on Nov. 22. COIN shares are currently trading for $43.39 per share on Tuesday afternoon (hora del Este). “The transparency and quick response is much needed and appreciated atm," una persona respondido to Armstrong’s tweet about Coinbase’s bitcoin holdings on Tuesday.

Etiquetas en esta historia
Binance, Bitcoin, Bitcoin (BTC), BitStamp, BTC, base de monedas, coinbase bitcoin, Coinbase Brian Armstrong, CEO de Coinbase, Coinbase co-founder, coinbase custody, Coinbase Custody Trust Company, Coinbase Pro, cryptoquant.com, Exchange Reserves, escala de grises, Proof of Reserves, Estadísticas

What do you think about the Coinbase CEO explaining that as of September the firm held 2 million bitcoin worth $39.9 mil millones? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..

jamie redman

Jamie Redman es el líder de noticias en Bitcoin-Tidings.com News y un periodista de tecnología financiera que vive en Florida.. Redman ha sido un miembro activo de la comunidad de criptomonedas desde 2011. Él tiene una pasión por Bitcoin., código fuente abierto, y aplicaciones descentralizadas. Desde septiembre 2015, Redman ha escrito más de 6,000 artículos para Bitcoin-Tidings.com Noticias sobre los protocolos disruptivos que surgen hoy.




Créditos de imagen: Shutterstock, pixabay, Wiki Commons

Descargo de responsabilidad: Este artículo es solo para fines informativos.. No es una oferta directa o solicitud de una oferta para comprar o vender, o una recomendación o respaldo de cualquier producto, servicios, o empresas. Bitcoin-Tidings.com no proporciona inversión, impuesto, legal, o asesoramiento contable. Ni la empresa ni el autor son responsables, directa o indirectamente, por cualquier daño o pérdida causado o presuntamente causado por o en relación con el uso o la confianza en cualquier contenido, bienes o servicios mencionados en este artículo.

Leer Descargo de responsabilidad