Coinbase Executive Jesse Pollak Denies ETH Sale Claims, Highlights Ecosystem Contributions

BitcoinWorld Coinbase Executive Jesse Pollak Denies ETH Sale Claims, Highlights Ecosystem Contributions Jesse Pollak, the Coinbase executive leading the Ethereum layer-two network Base, has publicly refuted claims that the company has been selling its Ethereum holdings.

In a series of posts on X, Pollak defended Coinbase’s position as a major ETH holder and emphasized the company’s broader contributions to the Ethereum ecosystem.

Background: Community Criticism and Pollak’s Response Recent criticism within the Ethereum community has centered on allegations that Coinbase has been offloading ETH, including sequencer revenue generated through Base, while accumulating assets primarily in Bitcoin.

Pollak directly rejected these claims, stating, “Coinbase is by far the largest holder of ETH among non-DAT institutions.” According to public data, Coinbase holds approximately 115,000 to 151,000 ETH in its corporate treasury, valued at roughly $300 million at current prices.