Coinbase Adds 2,772 BTC to Treasury in Q3, Plans More Buys
Coinbase added 2,772 BTC to its treasury in Q3, using excess cash and signaling a strategic shift toward long-term Bitcoin accumulation. The exchange reaffirmed plans to keep buying Bitcoin as a reserve asset and hedge against inflation, reflecting growing institutional demand amid market volatility and clearer U.S. regulations. This Q3 haul significantly raised Coinbase’s total Bitcoin holdings and underscores its alignment with other corporate investors treating BTC as a core balance sheet asset. Traders view the sustained purchases as a bullish signal for Bitcoin’s price stability and potential upward momentum, possibly driving further market demand.
Bullish
Coinbase’s Q3 Bitcoin purchase reduces available BTC supply and signals strong corporate confidence in digital assets, which can drive short-term buying pressure and support price floors. Continued accumulation by a leading exchange like Coinbase may attract further institutional investment, enhancing market liquidity and fueling bullish sentiment. Over the long term, incorporating Bitcoin into corporate treasuries bolsters Bitcoin’s role as a reserve asset and hedge against inflation, potentially sustaining upward price trends as more firms follow suit.