Coinbase has increased its Bitcoin holdings by acquiring an additional 2,509 BTC in the second quarter of 2025, bringing its total holdings to 11,776 BTC. This positions Coinbase among the top public companies holding Bitcoin, surpassing Tesla's holdings. CEO Brian Armstrong reaffirmed the company's commitment to Bitcoin, stating, "Coinbase is long Bitcoin. Our holding increased by 2,509 BTC in Q2, and we keep buying more."
In addition to expanding its Bitcoin reserves, Coinbase has announced plans to become an "everything exchange" for U.S. users. The company aims to offer tokenized stocks, prediction markets, and early-stage token sales on-chain, providing a unified platform for trading various asset types. This initiative aligns with the U.S. Securities and Exchange Commission's efforts to modernize regulations for digital assets, as outlined in "Project Crypto."
Despite these strategic moves, Coinbase reported a net income of $1.43 billion for the second quarter of 2025, a significant increase from the previous quarter. However, the company faced challenges with a 30% decline in spot trading volumes and a 39% drop in transaction revenue compared to the first quarter. Additionally, Coinbase experienced a $307 million loss due to a data breach earlier in the year, where offshore customer service representatives were reportedly bribed to leak sensitive user data.
As of August 2, 2025, Coinbase's stock (COIN) is trading at $314.69, reflecting a 16.75% decrease from the previous close. The day's trading saw a high of $343.24 and a low of $310.71, with a volume of 31,342,212 shares.