Coinbase Solidifies Position as Major Bitcoin Holder, Reports Strong Q2 2025 Earnings
Coinbase, now confirmed as the tenth-largest Bitcoin Treasury Company, is significantly invested in Bitcoin, according to CEO Brian Armstrong. The company has been consistently purchasing Bitcoin every week.
During the presentation of their second-quarter 2025 results to investors on Thursday, July 31, Armstrong highlighted Coinbase’s holdings of 11,776 Bitcoins, resulting in profits exceeding $500 million.
“Coinbase is long bitcoin. Our holding increased by 2,509 BTC in Q2, and we keep buying more,” Armstrong stated.
Coinbase’s strong performance extends beyond its Bitcoin investments. The company reported a net profit of $1.4 billion in the second quarter. Another key development is the acquisition of Deribit, a major derivatives exchange.
Coinbase is considered the largest Bitcoin and cryptocurrency exchange in the United States and has been working with the Donald Trump administration to improve the market’s perception in the country. The company’s global expansion, including a division in Brazil, demonstrates its commitment to bringing one billion people into the cryptocurrency market.
Armstrong emphasized Coinbase’s role as a key custodian in the ETF market, noting that 80% of the Bitcoin and Ether held by companies managing ETFs in the United States are custodied by Coinbase.
Some key highlights from Coinbase’s Q2 2025 earnings include:
- Total revenue of $1.5 billion and net income of $1.4 billion.
- The launch of US perpetual futures trading.
- The announced acquisition of Deribit.
- A 12% quarter-over-quarter increase in stablecoin revenue.
- Custody of over 80% of U.S. BTC and ETH ETF assets.
- USDC as a payment option on Shopify using Base.
- A partnership with PNC to offer cryptocurrency services to its clients.
- JP Morgan testing a USD deposit token on Base.
- The Base app launched in open beta, with over 700,000 on the waitlist.
Coinbase’s Humorous Ad Banned in the UK
Armstrong also shared a humorous video produced by Coinbase to highlight the flaws in the current financial system. The video, a musical, depicts a failing system where people stubbornly insist that “everything is fine.”
However, the advertisement was banned from television in the United Kingdom. Despite this, the video was shared online and quickly went viral within the cryptocurrency community.
“We weren’t allowed to run this ad on TV in the UK, but that’s fine, we can just share it online. We’re using humor to make a very important point: the current financial system simply doesn’t work for most people. It needs to be updated,” Armstrong explained.
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