Odaily Planet Daily News Coinbase had considered adopting the Bitcoin buying strategy popularized by Michael Saylor in the past, but believed that the plan was too risky. "We have indeed had such a moment in the past 12 years, whether we should put 80% of our assets into cryptocurrencies-specifically Bitcoin," said Brian Armstrong, CEO of Coinbase, in a video speech on the X social network. Coinbase ultimately decided to abandon this strategy because it could damage the company's cash position as a startup and could even "kill" the San Francisco-based company. Despite this, according to the company's latest shareholder letter, Coinbase purchased $153 million worth of cryptocurrencies (mainly Bitcoin) in the first quarter. According to the letter, the company holds $1.3 billion worth of cryptocurrencies (mainly Bitcoin) as investments. (Bloomberg)