Coinbase Is Long Ethereum, Says Key Base Developer, But There’s a Catch

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 through the interval. Base chief Jesse Pollack mentioned main US exchanges additionally added 11,933 Ethereum. “And we preserve shopping for extra,” Pollack wrote.

For the quarter, Coinbase reported web earnings 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 enhance 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, price 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 via a single person interface. The objective is to create an built-in monetary platform that connects conventional and blockchain property.

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 traders’ wariness in regards to the firm’s reliance on buying and selling volumes. A day later as we speak, COIN inventory rose about 5% in pre-market buying and selling as analysts appeared to scrutinize the detailed monetary statements.

Coinbase remains to be primarily perceived as a platform whose efficiency is determined by the state of the cryptocurrency market.

Nevertheless, the corporate’s growing holdings of Bitcoin and Ethereum sign a shift in the direction of sustaining direct publicity to digital property along with servicing clients. On this gentle, Pollack’s assertion confirmed that Coinbase continues so as to add to its reserves.