Coinbase surpasses Tesla with latest bitcoin purchase

Coinbase acquired 2,509 bitcoin in the second quarter of 2025, investing approximately $222 million. This brings the company’s total bitcoin holdings to 11,776 BTC, valued at around $1.3 billion, with unrealized gains exceeding $600 million.

Reentering the top 10 public companies holding the largest bitcoin reserves—surpassing Tesla—Coinbase signals a strong long-term accumulation strategy. Unlike other companies that treat bitcoin as a speculative asset, Coinbase integrates it into its treasury structure.