Coinbase Teases Bitcoin Treasury Move as COIN Stock Soars to Record Highs
Coinbase just dropped its biggest hint yet about jumping into corporate Bitcoin holdings—right as its stock punches through another all-time high. Is this crypto's 'Apple moment' or just Wall Street playing hot potato?
The timing couldn't be more perfect—or more suspicious. While traditional finance scrambles to catch up with crypto adoption, America's largest exchange might be quietly building a war chest of digital gold.
Here's what we know: Zero concrete details (classic crypto), but all the breadcrumbs point toward Coinbase joining MicroStrategy's billion-dollar BTC club. The market's already pricing it in—COIN shares ripped 15% this week alone.
Meanwhile, the suits over at JPMorgan are still trying to explain why they called Bitcoin 'rat poison' while their clients quietly stack SATs. Some things never change.
Is Coinbase adopting a Bitcoin Treasury move?
While Armstrong did not disclose the scope or purpose of the weekly purchases, the timing has sparked speculation that the company may be shifting closer to the playbook of firms like Strategy (formerly MicroStrategy), which famously converted a significant portion of its balance sheet into Bitcoin.
This WOULD mark a surprising development, considering Coinbase has previously resisted going all-in on Bitcoin.
Armstrong previously admitted that the company had debated allocating a major portion of its balance sheet to Bitcoin, but ultimately chose not to. At the time, the executives felt the MOVE was too risky and could have destabilized the company’s finances during its earlier growth stages.
Still, recent moves in the corporate world suggest that sentiment may be shifting. Several American companies, including TRUMP Media and Technology Group, Semler Scientific, and GameStop, have taken steps to integrate Bitcoin into their financial strategies.
However, market observers have warned that the rising number of firms embracing this strategy poses a significant risk to the industry.
In a recent report, David Duong, Coinbase’s Head of Research, warned that this could create structural imbalances in the market.
According to him, as more public companies stockpile Bitcoin, volatility could increase for the firms involved and the entire crypto ecosystem. And if these large corporate holders are forced to sell under market pressure, it could trigger Ripple effects across trading platforms and investor portfolios.
COIN’s new ATH
The discussion about the Bitcoin treasury moves comes as the crypto exchange’s COIN stock surged to a new high of $369.21, a level not seen since its November 2021 peak.
Notably, after-hours trading has pushed the stock’s value even higher to $375.25, according to Google Finance data.
This milestone aligns with broader pro-crypto sentiment in the US, where investors have increasingly turned to digital assets and crypto-related equities as a hedge against global instability.
As investor appetite for exposure to the crypto market grows, so does interest in companies like Coinbase, which offer indirect exposure without the volatility of direct token holdings.
