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Coinbase CEO Brian Armstrong says America’s biggest crypto exchange is adding to its Bitcoin reserves “every week.”
His comment came in response to Bitcoin Magazine Chairman David Bailey, who urged Armstrong to build a “proper Bitcoin treasury” after Coinbase stock hit an all-time high.
“We’re buying more Bitcoin every week,” Armstrong replied on X. “Long #Bitcoin.”
Armstrong’s Bitcoin-buying pledge didn’t go unnoticed. Anthony Pompliano responded with a fiery “🔥”, while Strategy’s Michael Saylor dropped his trademark “🧡🚀”, unmistakable seals of approval from two Bitcoin permabulls.
Will FOMO Send Coinbase To This Bitcoin-Gifting Meme Coin?
With BTC now trading above $107,000, some investors — perhaps even Armstrong himself if he’s feeling a tad adventurous — are exploring alternative ways to stack sats.
One such option is BTC Bull Token (BTCBULL), a meme coin that rewards holders with free Bitcoin through milestone-based airdrops.
After all, if Tesla’s Elon Musk can hold Dogecoin, why couldn’t Coinbase’s Brian Armstrong consider adding BTCBULL to his own portfolio?
Bitcoin Bull Token is built on the belief that the leading crypto by market cap will soar to $1 million per coin and beyond. As such, the project’s team have established certain Bitcoin price milestones that will trigger the BTC airdrops as the crypto king’s price soars to new highs.
The first of those airdrops will happen when Bitcoin breaks $150K for the first time. Thereafter, every new $50K milestone BTC achieves will trigger another airdrop. Each investor’s rewards will be based on how long they have held BTCBULL and the amount of tokens they hold.
Growing Scarcity Could Lead To A 10X Rally For BTCBULL With Its Launch 67 Hours Away
In addition to the BTC airdrops, there are certain Bitcoin price milestones that will trigger BTCBULL token burns.
These reductions in the crypto’s supply will also follow the same $50K-milestone schedule, but will kick off when Bitcoin breaks $125K for the first time. The shrinking supply will put upward pressure on the BTCBULL price.
Prominent YouTube channel 99Bitcoins, which has over 723K subscribers, says that BTCBULL could soar 10X after its launch on Monday, June 30.
Many investors seem to agree, and have already pumped more than $7.51 million into the project’s ongoing presale.
The BTC Bull Token presale ends in just 67 hours, leaving precious little time for Bitcoin bulls like Armstrong to join.
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