Saturday, October 18, 2025
Eu-Agency
  • Home
  • Personal Finance
  • Loan
  • Insurance
  • Budgeting
  • Credit Card
  • Cryptocurrency
  • Debt Management
  • BronzeHeaven.com: one-stop healthcare
No Result
View All Result
Eu-Agency
No Result
View All Result
Home Cryptocurrency

Coinbase Is Embarrassing Itself By Not Buying Bitcoin

newszabi@gmail.com by newszabi@gmail.com
November 4, 2024
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Actually, at this level, Coinbase is simply embarrassing itself by not shopping for Bitcoin and doing foolish buybacks.

Coinbase simply had a nasty quarter. After reporting disappointing Q3 earnings, its inventory plunged over 10%. To instill confidence, Coinbase introduced a $1 billion share buyback. However that flopped, too, with shares barely budging.

This entire debacle simply exhibits that Coinbase is foolishly ignoring the apparent technique right here — shopping for bitcoin.

As a substitute of share buybacks, think about if Coinbase put $1 billion into bitcoin for its company reserves. That may have despatched an actual message. It will present they’ve pores and skin within the recreation and really consider in Bitcoin and crypto’s future.

Let’s be clear – Coinbase must be all-in on Bitcoin’s upside. That is the business they pioneered! But right here we’re in 2024, and Coinbase will not comply with the confirmed Bitcoin reserve mannequin that’s actually being flaunted of their face by MicroStrategy.

Look, I’m not any monetary engineering professional to inform public firms what to do, but it surely’s simply too evident for crypto firms at this level.

MicroStrategy began shopping for Bitcoin in 2020. And look what’s occurred — their market cap now exceeds Coinbase’s! This software program firm, with 1/tenth the income of Coinbase, has surged previous the OG Bitcoin and crypto alternate. All due to stacking sats.

How embarrassing for Coinbase! They have been round since 2012, when Bitcoin was $5. Simply think about in the event that they went all-in on BTC again then. Nevertheless it’s nonetheless not too late.

No extra losing cash on share buybacks or lame tasks. The answer is staring Coinbase proper within the face — simply preserve stacking sats!

It is painfully apparent at this level. Any self-respecting Bitcoin and crypto firm should maintain Bitcoin on its steadiness sheet. It aligns pursuits with shareholders and strengthens credibility.

So get up, Brian! No extra excuses. Coinbase actually owes its existence to Bitcoin. It is time to go all in eventually.

This text is a Take. Opinions expressed are fully the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.



Source link

Tags: BitcoinBuyingCoinbaseEmbarrassing
Previous Post

Budget Q&A: Readers’ questions answered

Next Post

Why are credit card interest rates so high in Canada?

Next Post
Why are credit card interest rates so high in Canada?

Why are credit card interest rates so high in Canada?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Bitcoin Hits New All Time High As IBIT Breaks ETF Records

Bitcoin Hits New All Time High As IBIT Breaks ETF Records

July 11, 2025
Maybe UK pension funds should be forced to invest in UK assets

Maybe UK pension funds should be forced to invest in UK assets

December 19, 2024
Lnfi Network Integrates RGB Protocol To Enhance Lightning Network

Lnfi Network Integrates RGB Protocol To Enhance Lightning Network

June 27, 2025

Browse by Category

  • Budgeting
  • Credit Card
  • Cryptocurrency
  • Debt Management
  • Insurance
  • Loan
  • Personal Finance
  • Uncategorized

Recent Posts

How to Lower Fixed Expenses on Your Budget When You’re Paying Off Debt

How to Lower Fixed Expenses on Your Budget When You’re Paying Off Debt

October 18, 2025
Florida eyes Bitcoin: Could 10% of trust funds go digital by 2026?

Florida eyes Bitcoin: Could 10% of trust funds go digital by 2026?

October 17, 2025

Categories

  • Budgeting
  • Credit Card
  • Cryptocurrency
  • Debt Management
  • Insurance
  • Loan
  • Personal Finance
  • Uncategorized

Follow Us

Recommended

  • How to Lower Fixed Expenses on Your Budget When You’re Paying Off Debt
  • Florida eyes Bitcoin: Could 10% of trust funds go digital by 2026?
  • What’s Behind Coinbase Adding Binance’s BNB to its Roadmap?
  • Ripple (XRP) News Today: October 16

Privacy Policy

Privacy Policy

© 2024 | All Rights Reserved | Eu-Agency

No Result
View All Result
  • Home
  • Personal Finance
  • Loan
  • Insurance
  • Budgeting
  • Credit Card
  • Cryptocurrency
  • Debt Management
  • BronzeHeaven.com: one-stop healthcare

© 2024 | All Rights Reserved | Eu-Agency

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?