Coinbase buys 841 bitcoin in Q4 2025, holdings rise to 15,389 BTC

Coinbase acquired 841 bitcoin during the fourth quarter of 2025, increasing its total bitcoin holdings to 15,389 BTC, according to a filing with the U.S. Securities and Exchange Commission.

The filing also shows Coinbase added ether to its investment portfolio. The company purchased 2,460 ETH in Q4, bringing its ether holdings to 151,175 ETH, which it valued at $297 million.

Coinbase chief executive Brian Armstrong indicated the company expects to keep adding bitcoin. On 12 February 2026, Armstrong told investors on the company’s earnings call that Coinbase intends to continue investing through current market conditions and will keep buying bitcoin.

Chief financial officer Alesia Haas described the purchases as part of a structured weekly program aimed at steadily increasing Coinbase’s crypto holdings. Haas noted the company expanded its investment portfolio in 2025 and said Coinbase doubled the number of bitcoin native units it held.

BitcoinTreasuries.NET ranks Coinbase among the largest corporate bitcoin holders. Coinbase did not disclose additional purchase targets or a timeline for further accumulation in the filing.

Corporate treasuries have increasingly used bitcoin as a reserve asset in recent years, with several public companies disclosing bitcoin allocations as part of broader treasury strategies. As GNcrypto wrote on 12 February 2026, Coinbase shares fell as attention returned to chief executive Brian Armstrong’s steady COIN sales under a pre-arranged 10b5-1 plan, with compiled filings showing more than 1.5 million shares sold since April 2025 for roughly $500 million to $550 million. The earlier report also noted analysts have trimmed near-term expectations for Coinbase as crypto prices and trading volumes weakened.

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