Coinbase Secures $72 Billion Bitcoin Holdings for Institutional Giant in Secretive Custody Strategy

In a groundbreaking move, a major institutional Bitcoin holder with $72 billion in BTC has adopted a highly secretive custody strategy, distributing its holdings across multiple undisclosed custodians. Coinbase has been confirmed as one of the key providers, with Fidelity also speculated to be involved. Coinbase CEO Brian Armstrong recently revealed that the platform secures Bitcoin for eight of the top institutional holders, underscoring its pivotal role in safeguarding large-scale digital asset investments. This strategy highlights the growing institutional confidence in Bitcoin and the critical role of trusted custodians like Coinbase in the crypto ecosystem.

Bitcoin Giant Strategy Safeguards $72 Billion BTC Holdings with Secretive Custody Approach

Strategy, the institutional bitcoin holder with a $72 billion stash, has implemented a highly secretive custody strategy. The firm has distributed its holdings across multiple undisclosed institutional custodians, with Coinbase confirmed as one provider and Fidelity speculated to be another.

Coinbase CEO Brian Armstrong recently revealed on X that his platform secures Bitcoin for eight of the top ten public companies holding BTC. This disclosure strongly implicates Coinbase in Strategy's custody arrangements. Armstrong noted Coinbase Prime holds 81% of all crypto assets in US ETFs - approximately $140 billion.

The Bitcoin behemoth maintains strict confidentiality about its custody partners, referring only to "various custody" setups with NYDFS-regulated, U.S.-based institutions that meet rigorous security and compliance standards. This opaque approach reflects growing institutional adoption patterns where security concerns outweigh transparency demands.

Charles Schwab Plans Bitcoin and Ethereum Trading Following GENIUS Act Passage

Charles Schwab CEO Rick Wurster announced plans to introduce Bitcoin and ethereum trading services, positioning the firm to compete directly with Coinbase. The move comes as President Trump signs the GENIUS Act into law, marking a pivotal moment for U.S. crypto regulation.

"Clients want to consolidate their crypto holdings with Schwab—they trust us with 98% of their wealth," Wurster told CNBC. The $10 trillion asset manager noted over 20% of client digital assets are currently held on external exchanges.

The development signals accelerating institutional adoption, with Schwab's entry likely to reshape retail crypto trading dynamics. Market observers anticipate heightened competition among traditional finance giants and native crypto platforms.

S&P 500 Hits Record High as Crypto Stocks Surge on Regulatory Breakthrough

The S&P 500 closed at another all-time high, fueled by a rally in crypto-related stocks following the signing of the GENIUS Act into law. The Nasdaq Composite ROSE 0.75% to 20,885.65, marking its tenth record this year, while the Dow Jones added 229.71 points to 44,484.49. All three major indexes reached intraday highs during the session.

President Trump's GENIUS Act, the first comprehensive crypto regulation in U.S. history, sparked a sharp uptick in crypto equities. Coinbase, Robinhood, and Bitmine Immersion led the charge, with Coinbase briefly surpassing its IPO debut price. "This isn't just another policy shift—it's the foundation for crypto's institutional future," said Noelle Acheson, author of Crypto is Macro Now. The legislation cements digital asset oversight into federal law, making future reversals politically untenable as stablecoins become entrenched in global finance.

Ether outperformed among major cryptocurrencies as the regulatory clarity triggered broad crypto market gains. The White House ceremony attracted bipartisan lawmakers and industry leaders, signaling rare consensus on digital asset policy. Market participants now anticipate accelerated institutional participation, with exchange-traded products and traditional finance vehicles likely to follow.

Trump Signs Landmark GENIUS Act, Ushering in Stablecoin Regulation Era

President Donald Trump signed the GENIUS Act into law, marking a historic milestone for the cryptocurrency industry. The legislation establishes the first federal regulatory framework for stablecoin issuers, requiring 1:1 reserve backing, monthly audits, and strict AML/KYC compliance. The bill passed with strong bipartisan support, signaling Washington's growing acceptance of digital assets.

At a White House ceremony attended by executives from Coinbase, Tether, Circle, Gemini, and Chainlink, TRUMP declared the law a "massive validation" for an industry once dismissed by regulators. The administration framed the move as the beginning of a "golden age" for crypto, contrasting it with what they characterized as the Biden administration's neglect of the sector.

The GENIUS Act provides much-needed clarity for stablecoin issuance, empowering financial regulators to define which firms can legally issue dollar-pegged digital assets like USDT and USDC. While implementation may take time, the law creates a concrete framework that could shape the future of stablecoins in the U.S. financial system.

Ethereum's NUPL Metric Signaled Price Bottom Before Rally, Glassnode Reports

Glassnode's on-chain analysis reveals Ethereum's Net Unrealized Profit/Loss (NUPL) metric accurately predicted the recent market bottom. The indicator, which tracks the aggregate profit or loss held by investors, dipped into capitulation territory before ETH's upward reversal.

NUPL calculates the difference between unrealized gains and losses across all circulating coins. A negative reading indicates widespread investor losses, often preceding market rebounds. Ethereum's NUPL mirrored this pattern, flashing a buy signal as retail capitulation peaked.

The analytics firm's findings, developed in collaboration with Coinbase, demonstrate the metric's reliability for identifying cyclical turning points. Similar signals preceded major rallies during previous market cycles, though Glassnode cautions against relying solely on single indicators.

Jim Cramer Proposes New Meme Acronym PARC for Crypto-Linked Stocks

Jim Cramer, the financial commentator who popularized the FAANG acronym, has floated a new meme-worthy grouping: PARC. The proposed acronym bundles Palantir, Applovin, Robinhood, and Coinbase—a mix of crypto-centric firms and blockchain-adjacent players. This follows Coinbase's 50% year-to-date rally in 2025, fueled by Bitcoin's bull run and institutional interest like the Czech central bank's $18 million stock purchase.

Robinhood's inclusion highlights its pivot to crypto services, including Ethereum and Solana staking. Critics on social media countered with the less flattering CRAP variant (Coinbase, Robinhood, Applovin, Palantir), but the market seems to embrace Cramer's optimism—Coinbase continues to capitalize on trading fee windfalls while traditional finance warms to crypto equities.