Bitcoin News Today: Coinbase's Bitcoin Push Drives $1.57B Holdings, Valuation 52x vs. MicroStrategy's 1x

Coinbase, the leading U.S. cryptocurrency exchange, reported a $299 million increase in its Bitcoin (BTC) holdings during the third quarter of 2025, bringing its total BTC stash to 14,548 coins valued at $1.57 billion, according to Live Bitcoin News. The strategic accumulation, achieved through consistent weekly purchases, underscores the company's long-term commitment to Bitcoin as a core asset and aligns with its broader vision of becoming a global "Everything Exchange" for digital finance, according to crypto.news.

The Q3 results highlighted Coinbase's financial strength, with total revenue surging to $1.9 billion—a 55% year-over-year increase—and net income climbing to $432.6 million, according to TradingView. This growth was driven by robust institutional trading activity, expanded derivatives offerings, and a 34.3% rise in subscription revenue, including stablecoin and blockchain-related services, the TradingView piece noted. CEO Brian Armstrong emphasized the company's aggressive "long Bitcoin" strategy, revealing that the firm's BTC holdings have grown by 2,772 coins this quarter and will continue to expand, as reported by crypto.news.

Central to Coinbase's strategic push is its "Everything Exchange" vision, which aims to integrate a wide array of financial products into its platform. Recent additions include prediction markets, tokenized stocks, and early-stage token sales, according to Live Bitcoin News. The company is also accelerating the adoption of Circle's USDC stablecoin for global transactions and expanding its custody services for institutional clients, including Wall Street asset managers with Bitcoin exchange-traded funds, the same report added.

Technical advancements further bolster Coinbase's competitive edge. The Ethereum layer-2 network Base, which Coinbase operates, saw increased activity in trading, payments, and lending applications during the quarter, the Live Bitcoin News coverage noted. A new feature called Flashblocks, enabling 200-millisecond block times, has improved transaction speeds and user experience, the report added.

Despite the positive financial and strategic developments, the market initially reacted with skepticism. Coinbase's stock (COIN) fell nearly 5.8% in regular trading on October 31, 2025, before rebounding 2.84% in after-hours trading, the TradingView piece reported. The stock's valuation, currently at 52.5 times the value of its BTC holdings, contrasts sharply with that of MicroStrategy, the largest corporate Bitcoin holder, which has an mNAV of 1.04x, according to the crypto.news coverage.

Looking ahead, Armstrong hinted at potential strategic acquisitions to accelerate product integration but provided no details on the much-anticipated Base token launch, Live Bitcoin News wrote. The company's continued focus on institutional revenue and Bitcoin accumulation positions it as the ninth-largest corporate BTC holder globally, surpassing firms like Tesla and Galaxy Digital, as noted by crypto.news.