Crypto

PNC Increases Stake in Coinbase by Nearly 40% Through Significant Share Purchase

Guavy AI Editorial Team Published July 27, 2026

PNC Financial Services Group Inc., a major financial institution, has significantly increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by acquiring an additional 10,098 shares during the first quarter.

This move represents a 39.4% increase in PNC's position in Coinbase, with the firm now owning a total of 35,747 shares valued at $6,242,000 as of the end of the quarter.

The cryptocurrency exchange reported earnings per share of ($1.49) for the latest quarter, missing analysts' consensus estimates of $0.06 by ($1.55). The company's revenue was down 30.5% compared to the same period last year, with a net margin of 12.20% and a return on equity of 4.16%.

Analysts anticipate that Coinbase Global, Inc. will post earnings per share of 1.42 for the current fiscal year.

PNC Increases Stake in Coinbase by Nearly 40% Through Significant Share Purchase

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