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Coinbase owns 1 million bitcoin valued at $25 billion

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#bitcoin

Cryptocurrency analysis firm Arkham disclosed that it has identified the Bitcoin reserve wallets of Coinbase, one of the world’s leading cryptocurrency exchanges. According to Arkham, Coinbase owns approximately 1 million BTC, valued at over $25 billion. This makes Coinbase the world’s largest known Bitcoin holder.

https://www.coinbase.com/blog/how-crypto-companies-can-provide-proof-of-reserves

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MKD Podcast 2y ago

Proof of reserves is a way to verify that a platform holds enough assets to match their users’ deposits. That way, if a user wants to withdraw their assets, they know they’ll actually get them back.