According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse.
Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept. 30, Firm Holds 2 Million Bitcoin
Two days ago, Bitcoin.com News пријавио 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 Статс indicate that Binance holds roughly 584K bitcoin. On the same day, подаци показују that Coinbase Pro, otherwise known as Coinbase Exchange, holds roughly 532K bitcoin.
Furthermore, our newsdesk also пријавио 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).
On Nov. 22, 2022, Coinbase (Nasdaq: КОВИНА) co-founder and CEO Brian Armstrong tweeted about the firm’s BTC stash in order to dispel any ‘fear, uncertainty, and doubt’ (FUD). “If you see FUD out there – remember, our financials are public (we’re a public company),” Armstrong рекао on Tuesday. “We hold ~2M BTC. ~$39.9B worth as of 9/30.” The Coinbase co-founder додао:
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 писмо акционара, which highlights a consolidated list of Coinbase assets. The Coinbase CEO’s statements on Twitter follow the разговори concerning proof-of-reserves and financial audits.
The proof-of-reserves topic has стекао вучу and a handful of exchanges have најавила upcoming proof-of-reserve audits. For instance, on Nov. 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, ЦОИН акције 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 (ET). “The transparency and quick response is much needed and appreciated atm,” one person одговорио је to Armstrong’s tweet about Coinbase’s bitcoin holdings on Tuesday.
What do you think about the Coinbase CEO explaining that as of September the firm held 2 million bitcoin worth $39.9 billion? Let us know what you think about this subject in the comments section below.
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Source: https://news.bitcoin.com/coinbase-ceo-says-company-holds-2-million-bitcoin-reminds-people-firms-financials-are-public/