Silentluck
2021-08-20
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Coinbase buying crypto for balance sheet
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CEO Brian Armstrongtwo hours ago took to Twitter to announce board approval fo","content":"<p><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a> CEO Brian Armstrongtwo hours ago took to Twitter to announce board approval for the company to buy more than $500M in cryptocurrency for the balance sheet. In addition, Armstrong says Coinbase (COIN) will be investing 10% of all future profits in crypto, a percent he expects will grow over time.</p>\n<p>The company last week announced a $1.6B profit in Q2, and a cash balance of $4.4B.</p>\n<p>One would expect that most of this money will be going into bitcoin (BTC-USD), but -writing in a blog post this evening - CFO Alesia Haas says Coinbase (COIN) will become the first publicly traded to hold ethereum (ETH-USD), Proof of Stake, and DeFi assets on its balance sheet.</p>\n<p>Haas notes the majority of Coinbase's (COIN) current financial transactions are done in fiat, possibly at odds with a company trying to lead the way in crypto adoption.</p>\n<p>Coinbase (COIN) is up 0.7% after hours, and bitcoin (BTC-USD) is putting together a modest rally, crossing back above $47K to $47.2K.</p>\n<p>Coinbase earlier today launched operations in Japan.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase buying crypto for balance sheet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase buying crypto for balance sheet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-20 14:38 GMT+8 <a href=https://seekingalpha.com/news/3732562-coinbase-buying-crypto-for-balance-sheet><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global, Inc. CEO Brian Armstrongtwo hours ago took to Twitter to announce board approval for the company to buy more than $500M in cryptocurrency for the balance sheet. In addition, Armstrong...</p>\n\n<a href=\"https://seekingalpha.com/news/3732562-coinbase-buying-crypto-for-balance-sheet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/news/3732562-coinbase-buying-crypto-for-balance-sheet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173184856","content_text":"Coinbase Global, Inc. CEO Brian Armstrongtwo hours ago took to Twitter to announce board approval for the company to buy more than $500M in cryptocurrency for the balance sheet. In addition, Armstrong says Coinbase (COIN) will be investing 10% of all future profits in crypto, a percent he expects will grow over time.\nThe company last week announced a $1.6B profit in Q2, and a cash balance of $4.4B.\nOne would expect that most of this money will be going into bitcoin (BTC-USD), but -writing in a blog post this evening - CFO Alesia Haas says Coinbase (COIN) will become the first publicly traded to hold ethereum (ETH-USD), Proof of Stake, and DeFi assets on its balance sheet.\nHaas notes the majority of Coinbase's (COIN) current financial transactions are done in fiat, possibly at odds with a company trying to lead the way in crypto adoption.\nCoinbase (COIN) is up 0.7% after hours, and bitcoin (BTC-USD) is putting together a modest rally, crossing back above $47K to $47.2K.\nCoinbase earlier today launched operations in Japan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":93,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/836044596"}
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