PayPal has $1 billion in crypto assets

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In its latest quarterly report filed with the SEC, PayPal reported that it holds approximately a billion dollars worth of crypto assets as of Q1 2023, showing a 56% increase from the previous quarter. The growth is most likely attributed to Bitcoinโ€™s impressive 80% rally since the start of the year.

The majority of the companyโ€™s crypto holdings were in #Bitcoin and #Ethereum, with the split as seen below.

#diversification #crypto

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Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance

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