Coinbase is strategically accumulating Bitcoin reserves using excess operating cash flow, targeting $1 billion in holdings. The company currently holds approximately 9,267 BTC, valued close to its billion-dollar goal. This measured accumulation strategy prioritizes avoiding excessive exposure and preserves financial flexibility.
Further expanding its market engagement, Coinbase plans to launch U.S. perpetual trading. This move aims to provide clients with advanced crypto derivatives tools, enhancing the platform’s competitive offerings.
Coinbase’s Research Director clarified market misinformation, specifically debunking claims surrounding the alleged largest ETH short position.
Separately, Grayscale spotlighted the GENIUS Act, highlighting its potential significance as a catalyst for Ethereum’s future institutional adoption and broader market role.
Adding to market dynamics, eight dormant Bitcoin wallets transferred $8.6 billion worth of BTC after 14 years of inactivity.