What do you want to create next?

This narrative just isn’t true — here are the facts: Base is and will continue growing Ethereum. We’re investing all of our earnings and resources into doing this and we have gone from zero to millions of new people onchain in 1.5 years. Base and Coinbase have and continue to hold ETH and publicly disclose our long term holdings (100K ETH+, $300M+). AFAIK this is the largest ETH holding of any public company and way bigger than any other L2 DAO or Labs company today. Base currently uses offchain custody for security and audit reasons (that’s why funds move to Coinbase). We earn and spend as much as we can in ETH. We spend ETH on L1 costs, we denominate all of our external grants in ETH, our goal is to continue to move more of Base's costs to function in ETH, and we are working hard to move more of our operations onchain. We also have offchain expenses (like salaries) that are denominated in USD, but any ETH we convert to USD to cover this is minimal compared to our holdings and the broader ETH market Let me say this again: Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base's ETH earnings over time We are 100% laser focused on long term growth, not short term price movements. We wake up every day thinking about how to bring the world onchain, and if you believe in this mission, build something to help make that happen. Spreading about FUD on the weekends isn’t it.

Ethereum and @Base are for creators.