{"id":188618,"date":"2021-02-25T13:16:24","date_gmt":"2021-02-25T10:16:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-has-held-bitcoin-on-its-balance-sheets-since-2012\/"},"modified":"2021-02-25T13:16:24","modified_gmt":"2021-02-25T10:16:24","slug":"coinbase-has-held-bitcoin-on-its-balance-sheets-since-2012","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-has-held-bitcoin-on-its-balance-sheets-since-2012\/","title":{"rendered":"# Coinbase has held Bitcoin on its balance sheets since 2012"},"content":{"rendered":"

“# Coinbase has held Bitcoin on its balance sheets since 2012 <\/strong>”
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United States-based cryptocurrency exchange Coinbase has revealed that Bitcoin (BTC) and other crypto assets have been a key component of its corporate treasury since the company’s founding back in 2012.\u00a0<\/p>\n

In a new announcement<\/a> addressed to other corporate actors, the exchange presented its own experience in managing its treasury position in cryptocurrencies as a solid foundation for advising other private and publicly-traded companies about how to deal with their own prospective investments.\u00a0<\/p>\n

In a newly-published, highly detailed Corporate Treasury FAQ<\/a>, the exchange provides a thorough overview of the kinds of investment, accounting, and tax policies that companies would need to consider and adopt if they wish to diversify their treasuries into crypto.\u00a0<\/p>\n

The FAQ is both a general<\/a> resource that covers all manner of regulatory, auditory, technical and investment questions about crypto from a corporate investment perspective and a pitch for companies to choose Coinbase in particular as a trade execution, consultant and professional custody partner.<\/p>\n

The document also provides overviews of Bitcoin’s performance in recent years from a macro perspective, revealing its favorable comparison to other financial assets such as gold and the S&P 500. “Bitcoin\u2019s strong absolute performance compensated investors for its volatility,” the exchange notes. Risk-adjusted, the asset had a rolling annualized\u00a0Sharpe Ratio<\/a> of 1.52 over the past five years, taking into account the 2018 bear market.<\/p>\n

Corporate investment in cryptocurrencies, notably Bitcoin, has made headlines in recent weeks due to Tesla’s\u00a0$1.5 billion investment\u00a0in the asset, which resulted in rumored profits of up to $1 billion. Notwithstanding this extraordinary windfall, analysts have said that while they expect a ripple effect among corporations following Tesla’s move, less than 5% of publicly traded firms are likely to be confident enough to invest at present, until there is more regulatory clarity.<\/p>\n