Total P&L
+111.05%
Total profit/loss on Bitcoin holdings
Average Cost per BTC
$55,937
Average price paid for each Bitcoin
Share Price
$400
Current trading price per share
Market Cap
$105,105.3M
Total market capitalization
Enterprise Value
$85,815.1M
Market cap plus debt minus cash
NAV Multiple
95.494
Net Asset Value multiplier
BTC / Market Cap
1.05%
Bitcoin holdings as % of market cap
About Coinbase Global, Inc.
Coinbase Global, Inc. (NASDAQ: COIN) stands as one of the most influential public companies in the cryptocurrency sector, headquartered in the United States. Founded in 2012, Coinbase has grown into a leading digital asset exchange, providing a secure and user-friendly platform for buying, selling, and storing Bitcoin and other cryptocurrencies. The company’s robust infrastructure, regulatory compliance, and commitment to transparency have made it a trusted gateway for both retail and institutional investors entering the Bitcoin market.
Coinbase’s business model is centered around facilitating crypto transactions, offering custodial services, and providing advanced trading tools. The company generates revenue through transaction fees, subscription services, and institutional custody solutions. As a publicly traded entity, Coinbase’s financial disclosures offer rare insight into the Bitcoin holdings and strategies of a major crypto-native corporation. Its approach to Bitcoin is both strategic and pragmatic—holding significant reserves for investment and operational purposes, reflecting a strong belief in Bitcoin’s long-term value proposition.
With its prominent market position, Coinbase not only shapes the adoption of Bitcoin in the United States but also sets industry standards for security, compliance, and transparency. The company’s Bitcoin treasury strategy is closely watched by investors, analysts, and the broader crypto community, underscoring its significance as a bellwether for institutional involvement in the Bitcoin ecosystem.
Coinbase’s Bitcoin holdings have evolved significantly over the past few years, as detailed in its annual filings and public disclosures. Here’s a summary of the company’s recent Bitcoin-related activities:
December 31, 2022:
December 31, 2021:
December 31, 2020:
Coinbase’s strategy of steadily increasing its Bitcoin reserves underscores its confidence in Bitcoin as both a treasury asset and a core part of its operational infrastructure. The company’s transparent reporting and consistent accumulation of Bitcoin reinforce its leadership role in the industry and provide a benchmark for other public companies considering similar strategies.
For the most up-to-date details on Coinbase’s Bitcoin holdings, refer to their latest annual and quarterly filings, such as the 2023 10-K (Coinbase Q4-23 10K). As of April 2025, Coinbase remains a pivotal player in the institutional adoption of Bitcoin, with its treasury strategy closely watched by the global investment community.
Recent Developments
- Mar 31, 2025: Bitcoin holdings increased by 2382.00 BTC to 9267 BTC with cost basis of $518.4M (BTC @ $82.4K), stock price $173.93
- Dec 31, 2024: Bitcoin holdings decreased by 2478.00 BTC to 6885 BTC with cost basis of $272.2M (BTC @ $93.6K), stock price $255.56
- Sep 30, 2024: Bitcoin holdings increased by 364.00 BTC to 9363 BTC with cost basis of $243.3M (BTC @ $64K), stock price $191.23
- Jun 30, 2024: Bitcoin holdings decreased by 184.00 BTC to 8999 BTC with cost basis of $215.5M (BTC @ $61.5K), stock price $222.23
- Mar 31, 2024: Bitcoin holdings decreased by 212.00 BTC to 9183 BTC with cost basis of $270.4M (BTC @ $70.5K), stock price $265.12
Coinbase Global, Inc. — Bitcoin Holdings Over Time
December 31, 2020 - Present
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Coinbase Global, Inc. — Stock vs BTC Dynamics
December 31, 2020 - Present
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Balance Sheet History