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09/05/26 10:25 UTC-04

Coinbase Bought $88 Million in Bitcoin in Q1 2026, Increasing Holdings to 16,492 BTC

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Exchanges Coinbase Bought $88 Million in Bitcoin in Q1 2026, Increasing Holdings to 16,492 BTC

Coinbase announced during its first-quarter 2026 earnings report that the company purchased $88 million worth of Bitcoin, increasing its corporate holdings to 16,492 $BTC. The acquisition added 1,103 $BTC to the exchange’s treasury compared to its previous disclosure, bringing the total value of holdings to approximately $1.3 billion at current market prices.

The purchase places Coinbase among the growing number of publicly traded companies holding Bitcoin on their balance sheets as part of treasury management strategies. The company disclosed the acquisition alongside several operational and financial updates discussed during its quarterly earnings call.

Coinbase Expands Its Bitcoin Treasury Exposure

The Nasdaq-listed crypto exchange stated that the Bitcoin purchase was completed during the first quarter of 2026 as part of its corporate treasury operations. Coinbase already serves as custodian for a significant portion of institutional Bitcoin holdings in the United States, including custody services tied to spot Bitcoin exchange-traded funds (ETFs).

The company’s latest increase in holdings further ties Coinbase’s balance sheet exposure to Bitcoin price fluctuations, as its stock has historically shown a close correlation with the broader cryptocurrency market.

Earnings Call Reveals Details of the USDC Revenue Agreement

Alongside the Bitcoin treasury update, Coinbase Chief Financial Officer Alesia Haas disclosed additional details regarding the company’s revenue-sharing agreement connected to $USDC. According to Haas, the agreement with Circle automatically renews every three years on a perpetual basis and cannot be terminated.

The disclosure highlighted the long-term financial relationship between Coinbase and the stablecoin issuer, with $USDC remaining one of the largest stablecoins by market capitalization.

The earnings call also coincided with service disruptions at Coinbase caused by an AWS outage. The incident temporarily affected exchange operations for several hours.

See also: "BitMEX Launches Perpetual Contracts for Currency Pairs for 24/7 Trading"

#Buy #Bitcoin (BTC) #Coinbase #Q1

Editor: Alyona Nabok
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