Coinbase CEO Brian Armstrong Confirms Weekly Bitcoin Purchases Amid Calls for a Secure Bitcoin Vault

Coinbase CEO Brian Armstrong addressed recent calls for enhanced Bitcoin security by affirming the company’s commitment to increasing its Bitcoin holdings. In a direct response on social media, Armstrong emphasized that Coinbase is actively purchasing additional Bitcoin on a weekly basis, underscoring the platform’s strategic focus on expanding its digital asset reserves. This move reflects Coinbase’s ongoing efforts to strengthen its position in the competitive cryptocurrency market while ensuring robust asset management. Industry observers view this as a calculated approach to bolster investor confidence amid growing demand for secure and reliable crypto custody solutions. By consistently acquiring Bitcoin, Coinbase aims to reinforce its role as a leading exchange with substantial liquidity and security measures, aligning with broader market trends favoring institutional-grade crypto infrastructure.