Coinbase is long Ethereum, major base developer says, but there are pitfalls

Coinbase elevated its crypto holdings whereas reporting strong income progress within the third quarter of 2025. CEO Brian Armstrong confirmed that the corporate bought 2,772 Bitcoin throughout the interval. Base chief Jesse Pollack mentioned main US exchanges additionally added 11,933 Ethereum. “And we hold shopping for extra,” Pollack wrote.

For the quarter, Coinbase reported web revenue of $433 million, up from $75.5 million within the year-ago interval. Buying and selling income elevated from $573 million to $1.05 billion. This improve occurred as market volatility led to elevated buying and selling exercise.

As of the tip of September, Coinbase’s Bitcoin holdings reached 14,548 BTC, value roughly $299 million.

Armstrong mentioned the corporate is increasing past alternate operations. The corporate develops prediction markets, tokenized shares, and different monetary merchandise that may be operated by way of a single person interface. The aim is to create an built-in monetary platform that connects conventional and blockchain belongings.

Inventory COIN in pre-market

Regardless of the rise in earnings, Coinbase inventory fell 5.77% after the earnings report, closing at $328.51. The decline displays buyers’ wariness in regards to the firm’s reliance on buying and selling volumes. A day later right this moment, COIN inventory rose about 5% in pre-market buying and selling as analysts appeared to scrutinize the detailed monetary statements.

Coinbase continues to be primarily perceived as a platform whose efficiency relies on the state of the cryptocurrency market.

Nonetheless, the corporate’s rising holdings of Bitcoin and Ethereum sign a shift in the direction of sustaining direct publicity to digital belongings along with servicing prospects. On this mild, Pollack’s assertion confirmed that Coinbase continues so as to add to its reserves.