Coinbase Buys More Bitcoin Every Week, Says Armstrong
Coinbase CEO confirms weekly Bitcoin purchases: a bold move reinforcing long-term commitment to BTC.
- Brian Armstrong confirms weekly Bitcoin purchases.
- Reflects firm confidence as Coinbase stock hits record highs.
- Weekly buys signal long-term bullish outlook.
Coinbase Steps Up Bitcoin Accumulation
Coinbase CEO Brian Armstrong has revealed that the company is buying more Bitcoin every week, signaling growing institutional confidence in the leading cryptocurrency. Armstrong’s announcement came with a powerful message: “Long Bitcoin.”
This marks a strategic shift toward active accumulation, reinforcing Coinbase’s position not just as a crypto exchange, but also as a serious holder of digital assets.
Stock Hits New Highs Amid Bullish Sentiment
Coinbase’s move comes as its stock recently surged to an all-time high of $375.07. This price rally reflects strong market sentiment driven by bullish crypto momentum and Armstrong’s public stance. Investors see this as a positive signal that Coinbase is deeply invested—both literally and philosophically—in Bitcoin’s future.
Why This Matters
- Institutional Support Grows: Coinbase’s Bitcoin purchases add credibility to BTC as a store of value and corporate reserve asset.
- Reinforces Bullish Narrative: Weekly acquisitions send a clear message of long-term belief in Bitcoin’s value proposition.
- Leadership in Action: Armstrong’s open endorsement shows Coinbase walking the talk when it comes to crypto adoption.
As more companies consider digital asset holdings, Coinbase’s bold stance could influence peers in finance and tech to follow suit.
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