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Coinbase On Following MicroStrategy's Bitcoin Playbook: Looking For 'Opportunities,' Says CFO, But Highlights Key Difference Between The Two Companies – Coinbase Glb (NASDAQ:COIN)

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Coinbase On Following MicroStrategy's Bitcoin Playbook: Looking For 'Opportunities,' Says CFO, But Highlights Key Difference Between The Two Companies – Coinbase Glb (NASDAQ:COIN)

Coinbase Global Inc. COIN said it wants to expand its cryptocurrency investment portfolio and emphasized that assets held on its books, including Bitcoin BTC/USD, are intended to be retained for the long term

What Happened: During the company’s third-quarter 2024 earnings call, the management was asked whether they would pursue a reserve strategy akin to MicroStrategy, a Bitcoin investment company, with over $18 billion worth of the asset on its balance sheet.

Alesia Haas, the Chief Financial Officer, informed that the company does maintain a cryptocurrency investment portfolio on its balance sheet, the fair market value of which was about $1.3 billion at the end of the third quarter. This amounted to nearly a quarter of Coinbase’s total cash balance.

“You can see more detail in our filings, but we hold Bitcoin in addition to Ethereum and a mix of other cryptocurrency assets. These are intended to be long-term investments,” Haas added.

The CFO clarified that Coinbase functions as an operating company rather than an investment company and needed cash on hand for various capital requirements. Having said that, the firm looked for “opportunities” to expand its operations and broaden its cryptocurrency holdings in the future.

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See Also: Robinhood Crypto Volumes Double in Q3; October Number Set To Exceed Quarterly-Average At $5B, Says CFO

Why It Matters: Coinbase reported Q3 revenue of $1.21 billion after the market close on Wednesday, missing the Street consensus estimate of $1.26 billion. Additionally, earnings came in at 28 cents per share, lower than analysts’ estimate of 42 cents per share.

The company’s board authorized its first stock buyback program, providing for the repurchase of up to $1 billion of its outstanding Class A common stock without expiration.

Price Action: Coinbase stock plunged 4.84% in after-hours trading, after closing down 3.61% to $211.74 during Tuesday’s regular session.

Image via Flickr/ Ivan Radic

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Crypto

Millions of dollars in crypto left Iranian exchanges after strikes, researchers say

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8 hours ago

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March 3, 2026

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Millions of dollars in crypto left Iranian exchanges after strikes, researchers say
Outflows from Iranian crypto exchanges spiked in the hours after the U.S. and Israeli ‌strikes on Iran on Saturday, two blockchain analytics companies said, although researchers added it was not possible to be certain what was behind the moves.
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Crypto

Wisconsin lawmakers crack down on cryptocurrency scams

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20 hours ago

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March 3, 2026

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Wisconsin lawmakers crack down on cryptocurrency scams

MADISON, WI (WTAQ) — A new bipartisan bill is the state legislature is attempting to keep Wisconsinites safe from scammers.

Assembly Bill 968 creates consumer protections around cryptocurrency kiosks—and is aimed at stopping criminals from using crypto-kiosks to steal from victims. It was passed by the assembly last month and is now heading to the senate.

Americans lost over $330 million to scams involving crypto-kiosks in 2025.

As amended; the bill that passed the assembly would:

  • set daily transaction limits at $1,000
  • require cryptocurrency-kiosk operators to provide users with receipts
  • implement consumer-identification measures for every transaction
  • allow scam victims to receive refunds

“This also requires crypto-kiosk operators to be licensed as a money transmitter with the Department of Financial Institutions,” said bill co-author Representative Dean Kaufert (R-Neenah). “Right now there is no state statute with regards to these crypto machines, and there has to be some oversight.”

Over 700 cryptocurrency kiosks are located in convenience stores, gas stations, restaurants, and other locations throughout Wisconsin.

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Detective Kevin Bahl with the Green Bay Police Department says although these scams don’t discriminate, scammers usually target the senior population.

“That’s because they’re the ones with more of the built up funds; that they can lose a significant of money, but we have seen a lot of younger victims too,” said Det. Bahl. “Victims are losing anywhere between a couple thousand dollars, all the way up to hundreds of thousands of dollars.”

The senate will reconvene beginning the second week of March, where Rep. Kaufert believes they will pass Senate Bill 975. Then the bill will go to the governor for approval by April 1. If approved, the law would likely go into effect around June.

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Crypto

HSBC Says Lasting Iran Conflict Would Boost Oil, Gold, USD and Hurt Equities

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1 day ago

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March 2, 2026

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HSBC Says Lasting Iran Conflict Would Boost Oil, Gold, USD and Hurt Equities
Rising Iran conflict risks are jolting global markets, with HSBC warning oil shocks, currency swings, and equity volatility hinge on whether supply routes and production are disrupted, shaping inflation expectations and investor risk appetite worldwide. HSBC: Long-Running Conflict Would Reshape FX, Rates, and Equity Leadership Escalating geopolitical tensions are reshaping the global market outlook. Global […]
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