Coinbase CEO Spills the Beans: We Almost Went All In on Bitcoin!

Brian Armstrong Reveals the High-Stakes Debate

Holy smokes! Coinbase CEO Brian Armstrong just dropped a bombshell during a live Q&A on X on May 9. The 42-year-old billionaire spilled the tea on how the company seriously considered going full Michael Saylor mode and dumping most of their balance sheet into Bitcoin. But hold your horses, Armstrong and his crew decided to play it cool and take the cautious route instead.

"There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin specifically," Armstrong spilled.

Can you imagine if they had gone through with it? Coinbase's early financial stability could've been hanging by a thread. Even though they still hold a whopping $1.3 billion in crypto, mostly Bitcoin, CFO Alesia Haas, who was also in on the Q&A, made it crystal clear: they're here to support their customers, not compete with them.

Michael Saylor's Bitcoin Buying Spree Continues

Meanwhile, Michael Saylor is out there scooping up Bitcoin like it's going out of style and stuffing MicroStrategy's coffers to the brim. These guys just dropped over $1.42 billion on 15,355 BTC at an average price of $92,737 per Bitcoin. And get this, MicroStrategy, now rebranded as "Strategy," is sitting pretty with a total of 553,555 BTC. That's a mind-blowing 2.5% of the entire Bitcoin supply!

And they're not stopping there. They're expected to end 2025 with a staggering 691,249 BTC, way up from their previous estimate of 601,029.

During an earnings call on May 1, Saylor tackled Bitcoin's volatility head-on and boldly claimed that over 70 publicly traded companies are diving into this so-called "digital gold rush."

Other Companies Jumping on the Bitcoin Bandwagon

Take logistics firm Freight Technologies, for example. They just inked a $20 million deal with an institutional investor to buy some crypto. But twist! They went for Official Trump (TRUMP) memecoins instead of Bitcoin. Talk about a wild ride!

And it's not just them. Various analysts are still super bullish on Bitcoin, and the Bitcoin-reserve model is gaining some serious traction. Companies like Twenty One Capital and Strive Enterprises are copying the "Strategy" strategy, and some are seeing their stocks skyrocket. Next Technology Holding, for instance, saw a mind-blowing 700% jump after beefing up their Bitcoin stash.

This Bitcoin frenzy is real, folks, and it's only getting started!