Coinbase expanded its Bitcoin treasury in Q3 by adding 2,772 BTC worth $300 million, bringing total holdings to 14,548 BTC valued at around $1.57 billion. CEO Brian Armstrong confirmed the move, highlighting Coinbase’s continued commitment to Bitcoin as part of its long-term strategic vision.
The company is pursuing an “Everything Exchange” model that integrates crypto trading, stablecoins, tokenized stocks, and prediction markets into a single platform.
The exchange reported significantly stronger Q3 results, with net income jumping to $432.6 million and total revenue rising to $1.9 billion, driven by higher trading activity and subscription services. Transaction revenue hit $1.05 billion, while subscription and services revenue climbed 34.3% to $746.7 million.
Institutional activity remained dominant, accounting for 80% of $295 billion in trading volume. Assets under custody crossed $300 billion, and Coinbase’s Base network saw growing adoption in payments, trading, and social applications.
Overall, the quarter reflected growing institutional reliance on Coinbase and its continued focus on long-term Bitcoin accumulation.
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