Coinbase holds 18,000 bitcoins, but its stock collapses on the stock market
Coinbase owns almost 18,000 bitcoins, worth about $1.4 billion. But this reserve does not prevent its action from plummeting on the stock market, with a fall of almost 60% since its annual peak. At issue: falling…
Home » Crypto News » Exchange News » Coinbase holds 18,000 bitcoins, but its stock collapses on the stock market
https://cryptoast.fr/coinbase-18000-btc-action-coin-plus-bas-morgan-stanley/
Coinbase holds nearly 18,000 bitcoins, or about $1.38 billion at the current BTC price. A significant reserve which contrasts with the fall of its stock on the stock market, penalized by disappointing results and degraded prospects.
🔍 Discover our top 10 best cryptocurrency exchange platforms
The information was relayed on Monday by the X Watcher Guru account, sparking an amused reaction from the American platform, which called out Grok, Elon Musk's artificial intelligence: “@grok is this true? » (“Grok, is this true?”).
The figure is consistent with the latest official results from Coinbase. As of September 30, the company held 17,954 BTC for its own account, compared to 15,389 at the end of 2025. These holdings are separate from the bitcoins held for its clients.
On Monday, Coinbase (COIN) stock closed at $137.83, down 3.98%, just a few dollars shy of its 52-week low of $135.47. Since its yearly high of $342.80, the stock has lost nearly 60%. On Friday, it had already fallen by 10.62% after the publication of third quarter results.
👉 Top 5 best platforms to buy tokenized stocks
Turnover fell 35% year-on-year to $1.22 billion, while transaction fees plunged 44% to $590 million. However, net profit increased by 66% to $719 million, mainly thanks to valuation gains on the cryptocurrencies held by the company.
These results pushed Morgan Stanley to downgrade its recommendation on Coinbase. Its analyst Michael Cyprys lowered his price target from $258 to $120, citing slow trading, a less favorable revenue outlook and concerns over the Binance hack. The bank also cut its revenue forecast for 2027 by 28%.
Cathie Wood seems less pessimistic. On Monday, his company Ark Invest purchased 24,790 shares of Coinbase, for about $3.4 million, through three of its ETFs.
Machine-translated from French
Not cross-checked yet
Only Cryptoast reports this story so far. We show it as a single source until another newsroom confirms it.
- Cryptoast3 Nov, 13:30Coinbase holds 18,000 bitcoins, but its stock collapses on the stock market ↗Figures: 1.4 milliards
| Publisher Cryptoast (general tier) | +72 |
| Checkable figures cited | +3 |
| Detailed summary | +2 |
| Total | 77 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.