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Coinbase Quietly Gobbles Bitcoin—But Rejects ’Treasury Strategy’ Label
Coinbase Quietly Gobbles Bitcoin—But Rejects ’Treasury Strategy’ Label
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Another day, another corporate crypto play—only this time, Coinbase insists it’s not copying MicroStrategy’s homework. The exchange snaps up BTC while dodging the ’treasury reserve’ buzzword like a banker dodging accountability.
Behind the scenes: Execs claim ’operational reasons’ for the accumulation, but the math doesn’t lie. With Bitcoin’s 2025 rally defying legacy finance’s funeral predictions, who needs a treasury strategy when you can just print ’undisclosed business purposes’ on the memo line?
The kicker: Wall Street still thinks crypto is a casino, but at least Coinbase remembered to hedge before placing its billion-dollar bet. Somewhere in Virginia, Michael Saylor smirks into his laser-eyed coffee mug.
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