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.

Recent Developments

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:

  • Coinbase added 1,607 BTC to its holdings.
  • The value of Bitcoin held for investment and operating purposes was $157.6 million.
  • With a closing price of $16,529 per BTC, this equates to approximately 9,480 BTC held.
  • The total cost basis for these holdings was reported as $117 million (EDGAR Online).

• December 31, 2021:

  • Coinbase added 3,385.25 BTC during the year.
  • The total value of Bitcoin held for investment and operating purposes reached $363.7 million.
  • At a closing price of $46,196 per BTC, this represented approximately 7,873 BTC.
  • Cost basis details are available in the company’s 2021 10-K filing (EDGAR Online).

• December 31, 2020:

  • Coinbase’s filings indicate the addition of 4,487.75 BTC.
  • The fair value of Bitcoin held was $130.1 million, based on a closing price of $28,990 per BTC.
  • This equates to approximately 4,487.75 BTC (SEC.gov).

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.