Coinbase 应该全力投资比特币

这是他们开创的行业！然而现在已经是 2024 年了，Coinbase 不会遵循 MicroStrategy 在他们面前炫耀的经过验证的比特币储备模型。

Coinbase announced a $1 billion share buyback in an attempt to boost its stock price. However, the strategy failed, with shares barely moving.

Coinbase 宣布回购 10 亿美元的股票，试图提振股价。然而，该策略失败了，股价几乎没有变动。

Instead of share buybacks, Coinbase should be using its cash to buy bitcoin and adding it to its corporate reserves. This would send a strong message and show that Coinbase is committed to the future of bitcoin and crypto.

Coinbase 应该使用现金购买比特币并将其添加到公司储备中，而不是股票回购。这将发出强烈的信息，并表明 Coinbase 致力于比特币和加密货币的未来。

As an industry pioneer, Coinbase should be maximizing its exposure to bitcoin's upside potential. Yet, despite MicroStrategy's success with the bitcoin reserve model, Coinbase has not followed suit.

作为行业先驱，Coinbase 应该最大限度地利用比特币的上行潜力。然而，尽管 MicroStrategy 在比特币储备模式方面取得了成功，但 Coinbase 并没有效仿。

MicroStrategy began purchasing bitcoin in 2020 and has since seen its market cap soar, surpassing that of Coinbase. This software company, with a fraction of Coinbase's revenue, has achieved remarkable growth thanks to its bitcoin holdings.

MicroStrategy 于 2020 年开始购买比特币，此后其市值飙升，超过了 Coinbase。这家软件公司的收入仅占 Coinbase 的一小部分，但由于其持有的比特币而实现了显着的增长。

It is embarrassing for Coinbase, which has been operating since 2012, to witness a latecomer like MicroStrategy outpacing it in the bitcoin game. Had Coinbase fully embraced bitcoin earlier, it could have realized substantial gains.

对于自 2012 年开始运营的 Coinbase 来说，目睹 MicroStrategy 这样的后来者在比特币游戏中超越自己，实在是尴尬。如果 Coinbase 更早地全面拥抱比特币，它可能会实现可观的收益。

Coinbase should cease wasting money on share buybacks and unimpactful projects. The solution is clear: allocate a significant portion of its cash into bitcoin and keep stacking sats.

Coinbase 应该停止在股票回购和无影响的项目上浪费金钱。解决方案很明确：将大部分现金分配给比特币并继续积累比特币。

For any self-respecting bitcoin and crypto company, holding bitcoin on its balance sheet is a no-brainer. It aligns interests with shareholders and enhances credibility.

对于任何有自尊心的比特币和加密货币公司来说，在其资产负债表上持有比特币是理所当然的事情。它使股东的利益保持一致并提高信誉。

Coinbase owes its existence to bitcoin, and it is time for the exchange to fully embrace the asset that brought it to where it is today.

Coinbase 的存在归功于比特币，现在是时候让交易所完全拥抱比特币这一资产，使其达到今天的水平。