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Coinbase’s Brian Armstrong Bets on Bitcoin with Ongoing Weekly Buys

  • Coinbase's CEO, Brian Armstrong, reinforces confidence in Bitcoin by continuing weekly purchases as BTC nears $107,000.
  • Coinbase, holding almost $1 billion in Bitcoin, shifts focus back to its original crypto pillar despite venturing into other cryptocurrencies.
  • Amidst criticism from Bitcoin loyalists for embracing hype-driven tokens, Coinbase's consistent BTC acquisitions align with a trend of U.S. companies treating Bitcoin as a strategic treasury asset.
  • Armstrong's emphasis on Bitcoin aims to reassure investors amidst regulatory concerns and token volatility, highlighting Bitcoin's importance as the foundation of the digital asset space.

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