Coinbase will buy Crypto in MicroStrategy-Style

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Coinbase exchange seems to be following the path of MicroStrategy’s Strategy to invest in crypto. Coinbase will invest in proof of stake based crypto assets like Ethereum.

After lots of growth in the crypto market under a fully legalised system working system by Coinbase, they are ready to buy crypto assets for the company’s huge growth. They unveiled their plan of crypto buy through twitter.

Coinbase Exchange decided to buy mostly proof of stake based crypto assets. They will buy $500 million worth of crypto assets to add in the existing balance sheet.

As all of us know very well that Coinbase Exchange has already invested in crypto assets. As per reports, Coinbase Exchange currently has 63% Investment in Bitcoin, while 8% in Ethereum coin. The whole worth of the crypto assets that Coinbase holds is $316.1 million, as per report on 31 December. There Are lots of chances, they may buy huge amounts of Ethereum crypto.

And also Brian Armstrong, CEO of Coinbase, said that they will add 10% of their earnings in the crypto Investment. Probably this is going to be a big move by the Coinbase Exchange after MicroStrategy.

Through this move by the Coinbase exchange, Brian Armstrong believes that they will be able to push their crypto Services at a better level. 

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