Coinbase Stockpiles Over 17,000 Bitcoin Worth $1.2 Billion

Coinbase, one of the leading cryptocurrency exchanges in the US, has continued its accumulation of Bitcoin (BTC) over the past six months. According to its latest quarterly report filed with the SEC, Coinbase added 1,922 BTC to its treasury since January 1, bringing its total holdings to around 17,311 units.

This reserve is worth approximately $1.214 billion at current prices and represents a significant portion of the company's investments in digital assets. The portfolio also includes about 150,000 Ethereum (ETH) and other cryptocurrencies, although Bitcoin now makes up the main component.

The purchases are financed by a portion of Coinbase's quarterly net profit, without issuing dedicated shares or convertible bonds. This accumulation pace represents between 2% and 3% of the approximately 450 BTC created daily since the halving in April 2024.