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Coinbase Reveals Reserves of 2,000,000 BTC Worth Over $33,000,000,000

Coinbase Reveals Reserves of 2,000,000 BTC Worth Over $33,000,000,000
Crypto exchange giant $Coinbase(COIN.US)$ is revealing the amount of $Bitcoin(BTC.CC)$ in its reserves in a bid to be more transparent following the downfall of collapsed rival FTX.
In a series of tweets, Coinbase CEO Brian Armstrong says the largest US-based crypto exchange platform holds about 2 million BTC, which translates to $33.12 billion at Bitcoin’s current price of $16,561.
Armstrong cites Coinbase’s Q3 shareholder’s report which shows the company’s crypto portfolio, which includes $39 billion in Bitcoin, $24 billion worth of leading smart contract platform $Ethereum(ETH.CC)$ and $31 billion in other digital assets as of September 30th.
“If you see FUD [fear, uncertainty, and doubt] out there – remember, our financials are public (we’re a public company.) We hold ~2 million BTC. ~$39.9 billion worth as of 9/30.”
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