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Coinbase CEO Doubles Down on Bitcoin: "We’re Buying More Every Week"
Steady Bitcoin Buys Reflect Coinbase’s Strategic Confidence
Coinbase CEO Brian Armstrong recently reaffirmed the company’s long-standing commitment to Bitcoin. In a post on X (formerly Twitter), Armstrong declared, “We’re buying more Bitcoin every week. Long #Bitcoin.” This brief statement highlights a consistent strategy—building Coinbase’s Bitcoin reserves as part of a broader belief in the asset’s long-term value.
Riding the Wave: Record Stock Highs and Market Momentum
Armstrong’s announcement comes on the heels of major financial milestones for Coinbase. The company’s stock has recently surged past $375, eclipsing its previous all-time high from November 2021. This momentum follows Coinbase’s inclusion in the S&P 500, a sign of increasing investor interest from both institutions and retail buyers.
Meanwhile, Armstrong has positioned Bitcoin not just as a growth asset but as a foundational part of the future financial system. He envisions a world where governments hold Bitcoin in their reserves—a vision already playing out in countries like El Salvador and the Central African Republic.
Regulatory Support and Broader Market Implications
Coinbase’s accumulation strategy aligns with a shifting regulatory landscape that’s becoming more crypto-friendly. Legislative developments, especially those outlining frameworks for stablecoins, signal growing clarity in the U.S. crypto market. These changes bolster investor confidence and support Coinbase’s long-term game plan.
Why This Matters:
What This Means for Investors and the Crypto Ecosystem
Armstrong’s declaration—”long #Bitcoin”—is more than a tweet. It underscores Coinbase’s central role in shaping the digital asset economy. With rising stock prices, regulatory traction, and a growing Bitcoin portfolio, Coinbase continues to blend corporate strategy with crypto conviction.
The company is also expanding its reach through custody services, staking, and futures trading—bolstering its position while leaning into the broader shift toward institutional crypto adoption.