Coinbase Increases Bitcoin Holdings: CEO Brian Armstrong Confirms Weekly Buys

27 June, 2025, 11:30 AM

Coinbase CEO Brian Armstrong has publicly stated that the company is increasing its Bitcoin (BTC) holdings every week. This announcement, made via a post on X (formerly Twitter), follows a suggestion from Bitcoin Magazine CEO David Bailey that Coinbase should establish a dedicated Bitcoin treasury. While Armstrong's statement doesn't detail the specific amount of Bitcoin being acquired each week, it signifies a bullish outlook on the leading cryptocurrency by one of the largest cryptocurrency exchanges globally. This move could be interpreted as a strategic investment and a demonstration of confidence in Bitcoin's long-term value proposition. The ongoing accumulation could also impact Bitcoin's supply dynamics, potentially contributing to price appreciation over time. Further details regarding Coinbase's treasury management and Bitcoin acquisition strategy are awaited. ```