Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy

U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal.

Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions.

The deals – done via the exchange’s brokerage unit called Coinbase Prime…


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