Coinbase Surpasses Tesla in Bitcoin Holdings: A Sign of Institutional Confidence
Coinbase has overtaken Tesla to become the 10th largest corporate holder of Bitcoin globally, amassing 11,776 BTC worth approximately $1.36 billion. This milestone highlights the exchange's aggressive accumulation strategy, particularly after adding 2,509 BTC in Q2 2025 at a cost basis of $740 million—now valued at $1.26 billion, representing an impressive 70% unrealized gain. CEO Brian Armstrong's public commitment to further Bitcoin acquisitions underscores institutional confidence in the cryptocurrency's long-term value proposition. Meanwhile, Tesla maintains its position as a significant holder, though its stance on Bitcoin remains unchanged. This development signals growing institutional adoption and bullish sentiment in the crypto market as of August 2025.
Coinbase Overtakes Tesla as 10th Largest Bitcoin Holder Amid Institutional Accumulation
Coinbase has surpassed Tesla in corporate Bitcoin holdings, securing the 10th position globally with 11,776 BTC ($1.36 billion). The exchange added 2,509 BTC in Q2 2025 at a $740 million cost basis, now worth $1.26 billion—a 70% unrealized gain. CEO Brian Armstrong's public commitment to continued accumulation signals institutional conviction in Bitcoin's long-term value proposition.
Tesla maintains its untouched 8,000 BTC treasury despite market volatility, accepting bitcoin for merchandise payments. The automotive giant remains positioned to reclaim its ranking should it resume purchases. Both companies exemplify the growing corporate embrace of Bitcoin as a treasury asset.
Market sentiment remains disjointed from fundamental developments, with prices declining despite Coinbase's bullish positioning and Tesla's sustained holdings. The divergence highlights the complex interplay between institutional adoption and short-term trader psychology in cryptocurrency markets.
Coinbase’s ‘Everything Exchange’ Could Turbocharge Crypto Presales Amid Bitcoin Rally
Bitcoin's surge past $123,000 has ignited bullish sentiment across crypto presales, where early-stage projects often outperform established assets. Coinbase's newly unveiled 'Everything Exchange' aims to capitalize on this momentum by offering a unified platform for trading tokenized stocks, derivatives, and presale projects—initially targeting the U.S. market with plans for global expansion.
The exchange could democratize access to high-growth presales like Maxi Doge, historically dominated by institutional whales. Market observers note presale activity typically accelerates during BTC price breakthroughs, as seen in today's 14% ETHFI rally and 9% bump in METIS.
Coinbase Accuses FDIC of Obstructing Crypto Disclosure Efforts
Coinbase has escalated its legal battle with the Federal Deposit Insurance Corporation, filing new court documents alleging the agency is withholding critical documents related to banking pressures on cryptocurrency firms. The exchange's chief legal officer Paul Grewal publicly condemned what he characterized as deliberate obstruction, vowing continued resistance.
At issue are undisclosed 'pause letters' purportedly sent by the FDIC to banks, urging them to sever ties with digital asset companies. The controversy echoes earlier Operation Chokepoint tactics during the Obama administration, where regulators allegedly used informal pressure to marginalize disfavored industries.
The crypto exchange filed both an opposition brief and discovery motion this week, challenging the FDIC's attempt to dismiss a Freedom of Information Act lawsuit. Legal observers note the case could establish important precedents regarding regulatory transparency in the rapidly evolving digital asset space.
JPMorgan’s Jamie Dimon Shifts Stance on Crypto, Backs Stablecoins
Jamie Dimon, the longtime crypto skeptic and JPMorgan Chase CEO, has undergone a notable reversal—from labeling Bitcoin a 'fraud' to endorsing stablecoins as a legitimate financial instrument. His pivot reflects mounting institutional interest in dollar-pegged digital assets, driven by client demand rather than speculative hype.
JPMorgan's deepening crypto involvement includes developing its proprietary 'Deposit Coin' ($JPMD) and exploring Bitcoin-backed loans by 2026. A partnership with Coinbase further integrates crypto into traditional finance, allowing Chase cardholders to purchase digital assets and redeem rewards in $USDC.
Dimon's endorsement signals a maturation point for stablecoins, transitioning them from niche trading tools to institutional-grade infrastructure. The MOVE could accelerate adoption of next-generation crypto wallets and tokenized finance solutions.
XRP Outperforms ETH in Trading Volume on Coinbase, Signaling Bullish Momentum
XRP has surged 400% over the past year, emerging as one of the top-performing large-cap cryptocurrencies. The rally stems from Ripple's strategic initiatives and a favorable resolution to its legal battle with the SEC.
Coinbase's Q2 2025 report reveals a surprising shift: XRP trading volume now contributes more to the exchange's revenue than Ethereum, albeit by a narrow 1% margin. This marks a significant milestone for the asset, which wasn't even individually tracked in previous reports.
The data underscores XRP's growing dominance among U.S. investors, combining strong price action with renewed institutional interest. As regulatory clouds dissipate, the cryptocurrency shows signs of breaking free from years of suppressed valuation.
Crypto Slowdown Hits Coinbase Revenue Amid Market Hold
Coinbase's Q2 earnings fell sharply as crypto traders held assets rather than selling, slashing adjusted income to $33.2 million from $294.4 million year-over-year. The exchange's S&P 500 debut in May failed to offset plunging trading volumes, wiping $14.3 billion in market value.
Analysts at Morningstar and H.C. Wainwright called shares "significantly overvalued," noting investor expectations had detached from fundamentals. Ironically, Robinhood reported near-doubled crypto revenue during the same period—benefiting from retail trading spikes despite its smaller market footprint.
