CEO Brian Armstrong confirmed in an X post that Coinbase added more than 2,500 BTC in the second quarter of 2025 and plans to keep accumulating. The company’s average purchase cost stands at $740 million, giving it a paper gain of over half a billion dollars at current prices.
READ MORE:
SEC Unveils ‘Project Crypto’ to Transform U.S. Into Global Blockchain Leader
Tesla, meanwhile, has held its position without selling since its initial buy, continuing to accept Bitcoin payments for merchandise. With Musk known for his pro-crypto stance, analysts suggest Tesla could make fresh purchases and reclaim its place in the rankings.
The reshuffle highlights how corporate treasuries are increasingly becoming a competitive space for Bitcoin exposure, with both exchanges and industrial giants vying for spots among the largest holders.
The post Coinbase Breaks Into Top 10 Bitcoin Holders With $1.36B Stash appeared first on BitcoinLinux.
Go to Source
Author: coinmaker