Bitcoin Exchange Coinbase Announces the Amount of Bitcoin It Bought in the Second Quarter of the Year! It Surpassed Tesla! Here Are the Details

Coinbase made a significant announcement while reporting its financial results for the second quarter of 2025. The company purchased 2,509 Bitcoin (BTC) during the second quarter, bringing its total BTC holdings to 11,776. Coinbase Surpasses Tesla with 2,509 BTC Purchase, Entering Top 10 Public Bitcoin Treasuries These purchases cost approximately $222 million, while Coinbase’s total BTC costs to date have reached $740 million. CEO Brian Armstrong stated that Coinbase is a long-term BTC investor and that purchases will continue. The company’s current market value of BTC is approximately $1.3 billion, representing a gain of approximately $614 million on paper. This new acquisition has propelled Coinbase into the top 10 of the largest publicly traded bitcoin treasuries, surpassing Tesla, which currently holds 11,509 BTC. Coinbase ranked 13th in the previous quarter with 9,267 BTC. These figures only include the BTC held on the company’s own balance sheet. The total amount of BTC held by Coinbase on behalf of its users is 884,388, worth over $102 billion. Coinbase has announced a new strategy to become the “exchange for everything.” The company plans to offer tokenized stocks, prediction markets, and early-stage token sales on-chain for US users. This move will put Coinbase in direct competition with platforms like Kalshi and Polymarket, as well as competing with players like Robinhood, Kraken, and Gemini in the tokenized assets space. Coinbase reported a $307 million loss in the second quarter. This loss was linked to a security breach in which offshore customer representatives leaked user data. Spot trading volume fell 30% quarter-over-quarter to $237 billion, while total revenue and trading revenue fell 26% and 39%, respectively. Despite all this negativity, net income jumped to $1.43 billion, a significant jump from $66 million in the previous quarter. Coinbase’s new businesses, such as ETF custody services and the Ethereum Layer-2 network Base, played a significant role in this increase. COIN stock closed flat at $377.76 on Thursday, but was down 11.5% in after-hours trading, trading at $334.92 as of Friday morning. *This is not investment advice. Continue Reading: Bitcoin Exchange Coinbase Announces the Amount of Bitcoin It Bought in the Second Quarter of the Year! It Surpassed Tesla! Here Are the Details

Source: BitcoinSistemi