From Cointelegraph

May 10, 2025 11:43:00 PM:

Coinbase considered adopting Michael Saylor’s Bitcoin investment playbook but decided against it to avoid risking the firm’s cash position. The firm purchased $153 million worth of crypto assets primarily in Bitcoin. Coinbase now holds 9,480 Bitcoin, worth $988 million, making it the ninth-largest corporate Bitcoin holder. Over 100 public companies worldwide hold Bitcoin.

In a significant move, Coinbase agreed to acquire crypto derivatives platform Deribit for $2.9 billion, marking the industry’s largest corporate acquisition. Deribit facilitated over $1 trillion in trading volume in 2024 and has around $30 billion of current open interest. The deal positions Coinbase as the “global leader” in crypto derivatives trading.

Read more at Cointelegraph: Coinbase considered Saylor-like Bitcoin strategy before opting out: Bloomberg