Coinbase Expands Bitcoin Treasury with $BTC Purchase Worth $88M

2026-5-10 21:00

Coinbase, a prominent centralized cryptocurrency exchange (CEX) and custodian platform that connects traditional fiat currency and blockchain networks, has disclosed its strategic purchase of $88M in $BTC in the first quarter of 2026. Now, Coinbase is gradually expanding its Bitcoin ($BTC) holdings capacity.

Coinbase Buys $88M in Bitcoin in Q1 2026, Reaching 16,492 BTC

Coinbase disclosed during its Q1 2026 earnings call that the company purchased $88 million worth of Bitcoin in the first quarter, further expanding its corporate BTC reserves.

Coinbase currently holds 16,492 BTC—an… pic.twitter.com/cVTvSwvjXq

— Wu Blockchain (@WuBlockchain) May 9, 2026

Coinbase now holds a total of 16,492 $BTC, an increase of 1103 $BTC from the previous report, worth around $1.3 billion at the current price. Holding Bitcoin on its own balance sheet seems to align the company’s financial performance more directly with the health of the wider crypto market. Wu Blockchain has disclosed Coinbase’s recent purchase and details through its official social media X account.

Coinbase Strengthens Bitcoin Commitment and Institutional Crypto Vision

The recent investment of Coinbase in expanding Bitcoin holdings highlights that the firm sees Bitcoin as a valuable long-term treasury asset and reinforces institutional trust in crypto markets. Large Bitcoin ($BTC) purchases by major firms can increase confidence among investors, encourage institutional adoption, and strengthen Bitcoin’s reputation as digital gold.

The announcement came with various other significant revelations from the call. Chief Financial Officer Alesia Haas assured that Coinbase’ s revenue sharing array with Circle for $USDC, the second largest stablecoin by market capitalization. In all, the Q1 2026 earnings call painted a picture of a company strengthening its agreement with the crypto ecosystem on every front.

Coinbase’s Bitcoin Holdings Reach $1.3 Billion Despite AWS Disruption

The increase in holding Bitcoin ($BTC) in Coinbase has a collective worth of $1.3 billion at the current prices.  The Bitcoin buy and the USDC contract disclosure arrived on the same day, and Coinbase’s exchange experienced disrupted performance for several hours due to an Amazon Web Services (AWS) outage.    

Coinbase went public on Nasdaq in April 2021 via a direct listing, making it one of the first major crypto-native companies to list on a U.S. exchange. Bitcoin is considered the future currency of the world, and now it is also being used in the world for exchange matters and purchasing. Everyone is trying to hold Bitcoin as much as they can.

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Bitcoin (BTC) на Currencies.ru

$ 80761.62 (+0.04%)
Объем 24H $16.636b
Изменеия 24h: 0.46 %, 7d: 2.95 %
Cегодня L: $80576.26 - H: $80848.57
Капитализация $1617.438b Rank 1
Цена в час новости $ 80712.22 (0.06%)

worth coinbase btc 88m bitcoin circle 492

Источник: blockchainreporter.net

worth coinbase → Результатов: 126


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2024-11-24 02:30


Фото:

US government moves $130 million in Bitcoin confiscated from Silk Road to Coinbase

The US government transferred 2,223 Bitcoin (BTC), approximately worth $130 million, to a wallet linked to crypto exchange Coinbase on April 2 as part of a sale announced in January. The US previously filed to sell roughly $130 million worth of the seized BTC in January and the transfer amount lines up with the announced […] The post US government moves $130 million in Bitcoin confiscated from Silk Road to Coinbase appeared first on CryptoSlate.

2024-4-3 19:51


Crypto Scam Alert: Phishing Attack Swipes $5.1M Worth of BEAM, Token Price Drops

According to the blockchain analytics platform Lookonchain, a crypto trader suffered a phishing attack that swooped over 180 million BEAM tokens on Wednesday and affected the token’s price. Related Reading: Coinbase Suspends PlayDapp Trading After Hack, PLA Price Reacts 180 Million BEAM Tokens Stolen In an X (former Twitter) post, Lookonchain exposed a new crypto scam that had occurred on February 15.

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CryptoSlate Wrapped Daily: Coinbase blames SEC’s XRP lawsuit for $15B loss to retail traders, Dogecoin investors sell $110M in DOGE

The biggest news in the cryptoverse for November 1 includes Coinbase arguing that SEC’s lawsuit against Ripple caused $15 billion in losses for retail traders, Hackers stealing about $760 million in 44 hacks in October, and top 50 Dogecoin holders selling off $110 million worth of DOGE in the last seven days.

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