Coinbase Crypto Assets: Coinbase Is Hodling 6,840 BTC as Investment?! – $COIN Stock
Coinbase Crypto Assets Held
Coinbase, a cryptocurrency exchange where users can buy, sell, and send cryptocurrencies like Bitcoin, recently revealed the company’s held crypto assets in its S-1 filing. Alex breaks down what cryptocurrency the company is holding as an investment, detailed in the Intangible Assets section of the notes to Coinbase’s consolidated financial statements, and analyzes if the exchanges crypto holdings can help justify the recent ~100x revenue valuation that private market shares of Coinbase stock have sold at.
This is an excerpt from episode 147 of Winner Take All. Watch the full episode here: youtu.be/T3laDgo4nCg
Originally Aired: 03/05/21
#Fintech #Crypto #CoinbaseIPO
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