Cryptocurrency exchange Coinbase reported that it purchased 2509 BTC for approximately $222 million in the second quarter.
Coinbase Invests in Bitcoin“We added 2509 BTC in volume in Q2025 and we continue to buy,” CEO Brian Armstrong wrote on social media after the crypto exchange’s QXNUMX XNUMX earnings report was released.
Thus, the company currently owns 11,776 BTC, purchased for a total of $740 million. Coinbase’s assets are now valued at approximately $1,3 billion, which means a profit of about $614 million.
Thanks to this Bitcoin-reserve crypto exchange has once again entered the top 10 public companies that own the flagship cryptocurrency. Coinbase has overtaken Elon Musk’s Tesla, which holds 11,509 BTC. In the first quarter of 2025, the crypto exchange was in 13th place in the ranking.
Following the announcement of its Bitcoin purchase, Coinbase also announced plans to become a “one-stop exchange” for U.S. users, offering tokenized stocks, prediction markets, and early-stage token sales. The move would allow the company to compete with platforms like Kalshi and polymarket, in the prediction market, and also challenge Robinhood, Kraken и Gemini in the field of tokenized shares.