In a shareholder letter released by Brian Armstrong, the Coinb | CryptoAddicted

In a shareholder letter released by Brian Armstrong, the Coinbase CEO revealed that the company holds $39.9 billion worth of Bitcoin. Subsequently, the letter’s release came during the market’s mass efforts of transparency amidst the FTX collapse.

Taking to Twitter, the CEO shared the Bitcoin amount while reinforcing the fact that Coinbase is a public company. Thereafter, he urges consumers to be wary of financials that don’t come from the platform themselves.