A post by @WatcherGuru on X.
JUST IN: Coinbase increases its Bitcoin holdings to 18,000 $BTC, worth over $1,400,000,000. https://…
@WatcherGuru on X
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Coinbase has increased its Bitcoin holdings to 18,000 BTC, worth over $1.4 billion, according to a report from Watcher.Guru. The move implies an average cost basis of roughly $78,000 per BTC and signals continued corporate accumulation of Bitcoin by the largest US crypto exchange. Coinbase's corporate treasury strategy contrasts with its role as custodian for spot Bitcoin ETFs, where it safeguards billions in institutional assets. The purchase adds to institutional demand at a time when Bitcoin ETF flows and corporate treasury buying remain key drivers of market structure. Investors should watch Coinbase's upcoming earnings filings for confirmation of the holdings and any disclosure of purchase timing or average entry price.
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