Coinbase Has Held Crypto Assets Like Bitcoin on Its Balance Sheet Since 2012

Cryptocurrency exchange Coinbase revealed that it has held bitcoin and other crypto assets on its balance sheet since its founding in 2012.

• According to a blog post Thursday, the company plans to maintain its crypto exposure and aims to use that experience to assist other companies that wish to do the same.
• The blog adds that Coinbase has executed "nine- and ten-figure trades" for some of the world's largest institutions.
• The news comes after major listed firms including Tesla and MicroStrategy have disclosed bitcoin treasury investments over recent months.
• The disclosure also comes as Coinbase, which facilitated Tesla's purchases, is preparing for a public listing in the U.S.

See also: How Coinbase Is Worth $100B