It's that time of year again Coinbase results are released on Thursday and the main number I am interested in is their ETH reserves They held 148,715 ETH as at Q3 and have earned 5.4k ETH in sequencer fees since then - this means that a total of 154,120 ETH , or more, is expected Their rate of any accumulation, particularly in the comparison to the rate of assumed BTC accumulation, will be interesting to see

Etc.
@ec265
10-31
So the good news is that we haven’t gone backwards During Q3, Coinbase accumulated 11,933 ETH - this means that they accumulated c.7.7k ETH in addition to their sequencer fees The bad news? Coinbase are accumulating BTC at a faster rate BTC cost basis increased $300M, while x.com/ec265/status/1…
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