Coinbase is buying $500 million in crypto and investing future profits into a crypto portfolio
Coinbase will buy $500 million in crypto on its balance sheet and allocate 10% of its quarterly profits into a crypto assets portfolio, company executives announced late Thursday.
The company plans to invest in "Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto assets supported for trading on our platform," becoming the first public company to do so, finance chief Alesia Haas said in a blog post.
Source
@BerylStock
