- Coinbase added 1,103 BTC in Q1 2026, growing its whole Bitcoin holdings to 16,492 BTC.
- Coinbase says its USDC income sharing settlement with Circle will mechanically renew each three years.
- Coinbase confronted a brief disruption to its alternate as its companies had been affected by the AWS outage.
Coinbase revealed in its Q1 2026 earnings report that the corporate bought $88 million value of Bitcoin, growing its company holdings to 16,492 BTC. The acquisition added 1,103 BTC to the alternate’s treasury in comparison with earlier disclosures, bringing its whole holdings to roughly $1.3 billion based mostly on prevailing market costs.
The acquisition provides Coinbase to a rising variety of public firms which have Bitcoin on their steadiness sheets as a part of their monetary administration methods. The corporate disclosed the acquisition together with a number of operational and monetary updates mentioned throughout its quarterly convention name.
Coinbase will increase Treasury publicity to Bitcoin
The Nasdaq-listed cryptocurrency alternate mentioned the acquisition of Bitcoin as a part of its company treasury actions was accomplished through the first quarter of 2026. Coinbase already acts as a custodian for almost all of US institutional Bitcoin holdings, together with custodian companies associated to the Spot Bitcoin Alternate Traded Fund.
The corporate’s newest improve additional ties Coinbase’s steadiness sheet publicity to Bitcoin value actions, as Coinbase’s inventory efficiency has traditionally been intently linked to the broader crypto market.
Earnings report reveals particulars of USDC income settlement
Alongside the Bitcoin monetary replace, Coinbase Chief Monetary Officer Alecia Haas revealed extra particulars concerning the firm’s income sharing settlement associated to USDC. Haas mentioned the contract with Circle will mechanically renew each three years in perpetuity and can’t be terminated. This disclosure focuses on the long-term monetary relationship between Coinbase and the stablecoin issuer, with USDC remaining one of many largest stablecoins by market capitalization.
This earnings name got here on the identical day that Coinbase skilled a service interruption associated to the AWS outage. This incident briefly affected the alternate’s efficiency for a number of hours.
Associated: Coinbase Q1 2026: Brian Armstrong says on-chain financial system is reaching escape velocity
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