Coinbase, a major cryptocurrency exchange led by CEO Brian Armstrong, has significantly increased its Bitcoin reserves by acquiring 2,722 BTC in the third quarter of 2025. The acquisition, valued at approximately $299–300 million, was officially announced by Armstrong via Twitter, highlighting the company's strategic commitment to Bitcoin as a long-term asset.
This move is part of Coinbase's broader effort to bolster its digital asset reserves amid market volatility and aligns with its bullish stance on Bitcoin. Armstrong stated, "Coinbase is long Bitcoin. Our holdings increased by 2,722 BTC in Q3 2025 as part of our long-term commitment to the asset class," emphasizing the firm's confidence in Bitcoin's evolving role within the global financial system.
The acquisition could impact Bitcoin market liquidity and supply constraints, potentially influencing investor sentiment and price stability. Additionally, it reflects a broader industry trend toward increased institutional Bitcoin holdings, possibly in anticipation of regulatory advancements. Historically, such large-scale purchases by exchanges like Coinbase have prompted shifts in market dynamics and correlated trading activities, including potential effects on other cryptocurrencies like Ethereum.
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