John D’Agostino, Head of Institutional Strategy at Coinbase, reported during a CNBC segment that sovereign entities have been increasingly accumulating Bitcoin, with net buying surpassing net selling on its platform. This trend reflects a broader movement where nations are utilizing national resources to acquire Bitcoin as a strategic reserve asset, positioning it as a digital hedge similar to traditional stores of value like gold.
Coinbase reports sovereigns are buying Bitcoin as net buying exceeds selling
