Not too long ago, institutional curiosity in Bitcoin has been rising quickly. At this level, whereas many corporations have elevated their BTC purchases, vital statements got here from Coinbase CEO Brian Armstrong.
Sharing from the X account, Brian Armstrong mentioned that Coinbase is shopping for extra Bitcoin (BTC) each week.
We Get Extra Bitcoin Each Week!
Coinbase CEO Brian Armstrong responded to BTC Inc. CEO David Bailey’s name for Coinbase to determine a devoted Bitcoin treasury.
Noting that Coinbase already has a treasury of BTC, Armstrong mentioned the change is shopping for extra Bitcoin each week.
The CEO’s announcement that he purchased Bitcoin final week strengthens Coinbase’s place within the institutional BTC stockpiling race.
Armstrong additionally signaled that he anticipated Bitcoin to rise by writing “lengthy” on the finish of his put up.
We’re shopping for extra Bitcoin each week. Lengthy #Bitcoin https://t.co/LleWBXGYTG
— Brian Armstrong (@brian_armstrong) June 26, 2025
Bailey’s feedback got here after Coinbase inventory hit an all-time excessive of $368.94.
Whereas Coinbase’s weekly purchases of Bitcoin attracted the eye of the cryptocurrency sector, many names got here to assist it. At this level, MicroStrategy CEO Michael Saylor, the largest institutional Bitcoin bull, additionally confirmed his assist for Armstrong’s transfer by praising Coinbase’s weekly purchases with a rocket emoji.
Coinabase at present holds $995 million value of Bitcoin, making it the tenth largest institutional investor.
*This isn’t funding recommendation.
