{"id":470066,"date":"2021-08-24T23:00:28","date_gmt":"2021-08-24T23:00:28","guid":{"rendered":"https:\/\/wncen.com\/?p=470066"},"modified":"2021-08-24T19:00:23","modified_gmt":"2021-08-24T19:00:23","slug":"coinbase-invest-10-of-profits-in-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/coinbase-invest-10-of-profits-in-crypto\/","title":{"rendered":"Coinbase Will Invest 10% Of Its Profits In Crypto Going Forward"},"content":{"rendered":"<p class=\"p1\">Coinbase has announced that it plans to invest 10% of all profits in crypto. The exchange is one of the leading crypto exchanges in the world and with their profit margins, 10% will be a big investment going into crypto. All crypto purchases with crypto will be kept on the balance sheet going forward. And the CEO expects this percentage to go up with time.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/ethereum\/grayscale-ethereum-investment-to-10-billion\/\">Grayscale Tops Up Ethereum Investment To $10 Billion<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">The exchange has recorded massive profits for the last year alone. Coinbase had announced a total profit of $.17 billion back in 2020. If this directive was in place then, Coinbase would have been putting $170 million in crypto holdings just for 2020 alone. Profit margins for 2021 are projected to be even larger for the year 2021. Given that the company had earlier gone public in the year. Increasing its total valuation.<\/p>\n<p class=\"p1\">It has previously been disclosed back in February that the exchange held crypto on its balance sheets, which is not a surprise. Their foremost offering is a way for people to exchange their crypto for both fiat and other cryptocurrencies. According to Brett Tejpaul, a Coinbase executive, the company has actually held bitcoin and other cryptocurrencies on its balance sheet since its founding in 2012. With plans to continue investing in crypto projects that they see long-term potential in.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-market-extreme-greed\/\">Crypto Market Goes Into \u201cExtreme Greed,\u201d What This Means For Bitcoin<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">At the time of this disclosure though, it was not revealed the specific assets that the company held on its balance sheets. Bitcoin was the only specific one named, while others were kept secret.<\/p>\n<h2 class=\"p1\">Coinbase Puts $500 Million In Crypto<\/h2>\n<p class=\"p1\">Coinbase CEO Brian Armstrong recently took to Twitter to announce that they had received approval from the board to purchase $500 million worth of crypto to put on the company\u2019s balance sheet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we&#39;ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.<\/p>\n<p>&mdash; Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/65856512?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 19, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/short-term-bitcoin-holders-hits-low\/\">Number Of Short-Term Bitcoin Holders Hits All-Time Low, How This Affects The Price<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">Following the purchase, the company had to file a disclosure with the SEC outlining the crypto-assets that they had purchased. The <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1679788\/0003168\/coinbaseglobalincs-1.htm\" rel=\"nofollow\">report<\/a> showed that the company had spent the majority of the allocated funds on Bitcoin. With significant investments made into the second leading cryptocurrency in the market, Ethereum. The disclosure outlines that $238 million was spent on cryptocurrencies, with $230 million invested in Bitcoin, while the remaining $53 million was invested in Ethereum.<\/p>\n<p class=\"p1\">The figures in the disclosure also included the allocation of 10% of the company\u2019s profits into cryptocurrencies, bringing the complete total in the disclosure to $500 million. Going forward, the company plans to strengthen its positions in both Bitcoin and Ethereum with future profits. And is interested in opening positions in other promising cryptocurrencies as well. Leading to a well-rounded crypto portfolio for the company.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/QPLnrrp0\/\" alt=\"Crypto total market cap chart from TradingView.com\" width=\"1348\" height=\"705\"><\/p>\n<pre>Crypto total market cap remains above $2 trillion | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UG2tjOD6\/\" rel=\"nofollow\">Crypto Total Market Cap from TradingView.com<\/a><\/pre>\n<pre style=\"text-align: center\">Featured image from The Guardian, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase has announced that it plans to invest 10% of all profits in crypto. The exchange is one of the leading crypto exchanges in the world and with their profit margins, 10% will be a big investment going into crypto. All crypto purchases with crypto will be kept on the balance sheet going forward. And the CEO expects this percentage to go up with time. Related Reading |\u00a0Grayscale Tops Up Ethereum Investment To $10 Billion The exchange has recorded massive profits for the last year alone. Coinbase had announced a total profit of $.17 billion back in 2020. If this directive was in place then, Coinbase would have been putting $170 million in crypto holdings just for 2020 alone. Profit margins for 2021 are projected to be even larger for the year 2021. Given that the company had earlier gone public in the year. Increasing its total valuation. It has previously been disclosed back in February that the exchange held crypto on its balance sheets, which is not a surprise. Their foremost offering is a way for people to exchange their crypto for both fiat and other cryptocurrencies. According to Brett Tejpaul, a Coinbase executive, the company has actually held bitcoin and other cryptocurrencies on its balance sheet since its founding in 2012. With plans to continue investing in crypto projects that they see long-term potential in. Related Reading |\u00a0Crypto Market Goes Into \u201cExtreme Greed,\u201d What This Means For Bitcoin At the time of this disclosure though, it was not revealed the specific assets that the company held on its balance sheets. Bitcoin was the only specific one named, while others were kept secret. Coinbase Puts $500 Million In Crypto Coinbase CEO Brian Armstrong recently took to Twitter to announce that they had received approval from the board to purchase $500 million worth of crypto to put on the company\u2019s balance sheet. We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we&#39;ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures. &mdash; Brian Armstrong (@brian_armstrong) August 19, 2021 Related Reading |\u00a0Number Of Short-Term Bitcoin Holders Hits All-Time Low, How This Affects The Price Following the purchase, the company had to file a disclosure with the SEC outlining the crypto-assets that they had purchased. The report showed that the company had spent the majority of the allocated funds on Bitcoin. With significant investments made into the second leading cryptocurrency in the market, Ethereum. The disclosure outlines that $238 million was spent on cryptocurrencies, with $230 million invested in Bitcoin, while the remaining $53 million was invested in Ethereum. The figures in the disclosure also included the allocation of 10% of the company\u2019s profits into cryptocurrencies, bringing the complete total in the disclosure to $500 million. Going forward, the company plans to strengthen its positions in both Bitcoin and Ethereum with future profits. And is interested in opening positions in other promising cryptocurrencies as well. Leading to a well-rounded crypto portfolio for the company. Crypto total market cap remains above $2 trillion | Source: Crypto Total Market Cap from TradingView.com Featured image from The Guardian, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":470068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3],"tags":[428,1393,84120,6664,15302,1558,1946],"class_list":["post-470066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","tag-bitcoin","tag-coinbase","tag-coinbase-crypto","tag-crypto","tag-crypto-investment","tag-cryptocurrency","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Coinbase Will Invest 10% Of Its Profits In Crypto Going Forward<\/title>\n<meta name=\"description\" content=\"Coinbase has announced that it plans to invest 10% of all profits in crypto. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Coinbase Will Invest 10% Of Its Profits In Crypto Going Forward","url":"http:\/\/wncen.com\/news\/coinbase-invest-10-of-profits-in-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/coinbase-invest-10-of-profits-in-crypto\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/coinbase-btc.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/coinbase-btc.jpeg?fit=890%2C534"},"articleSection":"Crypto","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","coinbase","coinbase crypto","crypto","crypto investment","cryptocurrency","ethereum"],"dateCreated":"2021-08-24T23:00:28Z","datePublished":"2021-08-24T23:00:28Z","dateModified":"2021-08-24T23:00:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Coinbase Will Invest 10% Of Its Profits In Crypto Going Forward\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/coinbase-invest-10-of-profits-in-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/coinbase-invest-10-of-profits-in-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/coinbase-btc.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/coinbase-btc.jpeg?fit=890%2C534\"},\"articleSection\":\"Crypto\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"coinbase\",\"coinbase crypto\",\"crypto\",\"crypto investment\",\"cryptocurrency\",\"ethereum\"],\"dateCreated\":\"2021-08-24T23:00:28Z\",\"datePublished\":\"2021-08-24T23:00:28Z\",\"dateModified\":\"2021-08-24T23:00:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/coinbase-btc.jpeg?fit=890%2C534","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/470066"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=470066"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/470066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/470068"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=470066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=470066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=470066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}