
The exchange said its Bitcoin holdings rose to 17,311 BTC by June 30 while Ethereum holdings edged lower and its crypto portfolio value fell as weaker market prices weighed on second-quarter results.
Coinbase increased its Bitcoin holdings to 17,311 BTC by June 30, 2026, up 12.5% from 15,389 BTC at the end of 2025, while trimming Ethereum holdings slightly to 150,279 ETH from 151,175 ETH. The shift left the exchange with a larger Bitcoin position even as the fair value of its digital-asset portfolio fell to $1.47 billion from $1.99 billion amid broader crypto-market weakness in the first half of the year. In the second quarter, Coinbase added 819 Bitcoin, reported $1.22 billion in revenue, and posted a GAAP net loss of $359 million as softer trading activity and non-operating charges weighed on results, though adjusted EBITDA remained positive at $208 million. The company still gained market share, with its share of global crypto trading volume rising to a record 10.3%, while subscription and services revenue reached $555 million, underscoring its continued push beyond Bitcoin spot trading.