Coinbase CEO Brian Armstrong said the company is adding $500 million worth of crypto to its balance sheet.
The CEO announced the news via Twitter. He said that they recently got the board approval to buy cryptos and add to their existing holdings.
According to the leading U.S. exchange by trade volume, they will be investing 10% of all profit in crypto. Also, he added that he expects this rate to keep growing over time as the crypto economy matures.
Source: Cryptocurrency - investing.com
