The ULTY ETF exists to solve one problem: turning a portfolio into a paycheck. The YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) writes options against a rotating basket of volatile stocks and mails weekly checks to shareholders. The pitch is simple. The mechanics are ornate. And the ULTY yield that draws buyers in is doing something more complicated than the word “yield” suggests.
The return engine is option premium collection. The fund holds concentrated positions in names like Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction), NuScale Power (NYSE:SMR), Robinhood (NASDAQ:HOOD), and Coinbase (NASDAQ:COIN), then sells calls (often as spreads) against them. Premium income, Treasury interest, and realized gains fund the distribution. Stock appreciation is largely given away in exchange for that premium, which is the whole point and also the whole problem.
Reason 1: The Payout Can Be Your Own Money YieldMax’s own prospectus language is candid: “a portion (sometimes significant) of the Fund’s distributions may be classified as return of capital”. Return of capital works differently than income. The fund is handing your principal back and calling it yield. Every dollar returned shrinks NAV, which shrinks the base future distributions are calculated against, which pushes the fund to either shrink the checks or bleed the NAV further.
The evidence is on the tape. In April 2024, a single monthly distribution was $1.4171 per share. By October 2025, weekly payouts had collapsed to roughly nine cents, and the fund executed a 1-for-10 reverse split on December 1, 2025, which reset the share price higher and quietly obscured how much per-share value had leaked out. Shares closed at $27 on July 23, 2026, down roughly 10% over the trailing year.
Reason 2: Capped Upside, Uncapped Downside Selling calls hands away the right tail. When an underlying rips through the strike, ULTY keeps the premium and misses the move. When the underlying craters, the premium provides a thin cushion and nothing else. Imagine a shopkeeper who sells lottery tickets and pockets the printing fee: reliable on quiet days, ruinous on the day someone wins.
The asymmetry is why total return diverges so far from headline yield. Weekly distributions in 2026 have run between $0.3176 and $0.5186, which annualizes to something eye-watering. The actual investor experience over the trailing twelve months was a 10% price decline. Distributions received minus principal lost is the number that matters, and it sits well below the marketed yield.
Reason 3: Friction Compounds the Drag The fund charges a 1.24% expense ratio, riding on top of heavy portfolio turnover, constant option rolling, and a derivatives sleeve running 45 tactical positions. Each roll pays a transaction cost. Each rebalance realizes taxable gains. That is a real drag on a strategy whose gross return is already capped by the short calls above it.
The unifying issue is that this is just a volatility product.
ULTY needs elevated implied volatility to work. Option premiums scale with volatility, so when VIX compresses, premium income compresses with it. The VIX sits near 19, close to its twelve-month average of about 18. That is a moderate-premium environment for option sellers. The fund has already been overhauled once, tilting toward lower-volatility large caps like Alphabet (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), and NVIDIA (NASDAQ:NVDA) specifically to slow NAV bleed, which is a tacit admission the original design was not sustainable.
Who It Fits, Who Should Walk ULTY suits a narrow investor: someone in a tax-advantaged account who understands they are buying a volatility-harvesting product marketed as income, wants weekly cash flow now, and treats principal erosion as an accepted cost. For anyone building long-term wealth, a plain dividend ETF or a total-market fund paired with a systematic withdrawal plan will almost certainly deliver more spendable cash over a decade with less capital destruction. If the checks arrive weekly but the principal funding them keeps shrinking, what exactly did you buy?
Contact [email protected] for any questions or corrections.
A collection of crypto and finance companies have launched a bitcoin-focused security initiative.
The Bitcoin Security Consortium, announced in a news release Thursday (July 22), is backed by $15 million in pledges for its members, and is designed to promote the long-term security and survival of the bitcoin network.
The group’s founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy and Strategy.
“As long-term holders, we have every incentive to see Bitcoin remain secure for generations,” said Strategy CEO Phong Le. “Funding the people who do this work, and helping inform the conversation around it, is a natural way for us to contribute.”
According to the release, the consortium will help fund and support researchers and developers working on bitcoin security, including the work of getting it ready for quantum computing.
“Large-scale quantum computers capable of threatening Bitcoin’s cryptography do not exist today, and credible estimates place such capability years away,” the release added. “Preparing post-quantum protections is nonetheless a meaningful long-term priority, and one the Bitcoin technical community is already actively working on.”
The consortium says it is modeled on the industry’s support of open-source software, providing resources and awareness without controlling the underlying work.
“It does not develop or direct bitcoin’s protocol, takes no position on specific protocol changes, and does not speak for bitcoin or its developers,” the release added. “Bitcoin’s development is, and will remain, the work of a global, decentralized community of contributors.”
The announcement follows a report earlier this month from Reuters that the cryptocurrency sector was preparing defenses against quantum computing-related threats, out of concerns that the technology could circumvent the cryptography protecting crypto transactions and digital wallets.
As that report noted, the $2 trillion crypto space already has a history of hacks. Quantum computing could aggravate that problem, as it could be used to unscramble the standard digital encryption methods.
Meanwhile, PYMNTS wrote in May that the factors destabilizing digital assets are the same ones affecting a variety of sectors, trucking logistics networks, eCommerce companies, industrial supply chains, financial institutions and enterprise software systems among them.
“The infrastructure designed to establish trust online, from passwords and digital certificates to vendor onboarding systems and payment rails, is increasingly vulnerable to industrialized fraud, AI-enabled impersonation and next-generation cryptographic threats,” that report said.
Retail investors are searching for the next big winners — and Jessica Inskip says the opportunity sits inside one emerging theme: interconnectivity. She breaks down her top high‑risk, high‑reward picks and explains why tokenized securities, stablecoin settlement, and new trading rails could unlock major upside.
Coinbase Global, Inc. (COIN - Free Report) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +8.3%.
Revenues are expected to be $1.31 billion, down 12.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 7.1% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Coinbase Global?For Coinbase Global, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -11.98%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Coinbase Global will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Coinbase Global would post earnings of $0.36 per share when it actually produced a loss of -$0.17, delivering a surprise of -147.22%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Coinbase Global doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Coinbase's rising take rate reflects new derivatives and prediction-market revenue, while record loan balances and tokenization deployments point to growing institutional platform adoption. AI adoption is raising engineering output while sharply reducing AI costs, supporting a leaner expense base and $500M of cost savings. A CLARITY Act passage before Congress's August recess could reduce regulatory uncertainty and accelerate institutional crypto activity on Coinbase's platform.
Coinbase Global, Inc. (COIN - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this company have returned +11.2% over the past month versus the Zacks S&P 500 composite's +0.3% change. The Zacks Financial - Miscellaneous Services industry, to which Coinbase Global belongs, has lost 3.8% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Coinbase Global is expected to post earnings of $0.19 per share for the current quarter, representing a year-over-year change of +58.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -13.8%.
The consensus earnings estimate of $1.41 for the current fiscal year indicates a year-over-year change of -65%. This estimate has changed -18.8% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $4.27 indicates a change of +202.7% from what Coinbase Global is expected to report a year ago. Over the past month, the estimate has changed -10.8%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Coinbase Global is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Coinbase Global, the consensus sales estimate of $1.32 billion for the current quarter points to a year-over-year change of -11.8%. The $5.88 billion and $7.02 billion estimates for the current and next fiscal years indicate changes of -18.1% and +19.4%, respectively.
Last Reported Results and Surprise HistoryCoinbase Global reported revenues of $1.41 billion in the last reported quarter, representing a year-over-year change of -30.5%. EPS of -$0.17 for the same period compares with $1.94 a year ago.
Compared to the Zacks Consensus Estimate of $1.5 billion, the reported revenues represent a surprise of -5.61%. The EPS surprise was -147.22%.
Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates just once over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Coinbase Global is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Coinbase Global. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Pre-Market Stock Futures: Futures are trading lower at the midweek point, after the risk-on crowd had a very solid day across Wall Street on Tuesday, with all the major indices posting big gains. A rebound in chip stocks, some very strong earnings reports, and despite once again higher oil prices, the bulls handily won the day. When the final bell rang, the Russell 2000 closed up 1.53% at 2,987, while the Nasdaq also finished the day strong, closing up 1.29% at 25,837. The S&P 500 closed the session up 0.89% at 7,509, snapping a three-day losing streak, while the venerable Dow Jones Industrial checked in with a 0.74% gain and was last seen at 52,224. It was noted yesterday that, among the S&P 500 companies that have reported earnings so far (about 10% of the index constituents), 88% have reported earnings beats, which is much higher than the historical rates of 76% over the last 10 years and 78% over the last 5 years. So, needless to say, we are off to a blazing start in the second quarter earnings season.
Treasury Bonds: While those on equity trade desks were busy cheering on Tuesday, bond traders had a rough session as yields across the entire Treasury curve rose, amid rising oil prices that continue to add to worries over inflation and the potential for Federal Reserve rate hikes at some point this year. Bank of America made a strong case for higher rates in a research report we are posting today. When the debt dust settled, the 30-year-long bond finished the day at 5.13%, while the benchmark 10-year note was last seen at 4.63%.
Oil and Gas: The reason the bond market got hit, as we mentioned, was yet another day of oil prices going higher as the U.S. continues to attack Iran on a nightly basis. With passage through the Strait of Hormuz becoming difficult again, and the Houthis rebels in Yemen threatening to disrupt traffic in the Red Sea if tankers dock at Saudi Arabian ports, the path of least resistance for the oil benchmarks was higher. Brent Crude finished the session at $91.34, up 2.38%, while West Texas Intermediate was last seen at $84.61, up 2.54%. Natural gas closed the session at $2.90, up 1.33%.
Gold: Gold wasn’t tardy to the party as the bullion had a stellar day as well. Some traders cited technical buying as the precious metal broke through short-term downtrend levels, while others pointed to possible short covering. Anyway, when the closing bell rang, Gold closed higher by 1.87% at $4.081, while Silver finished Tuesday at $58.56, up 4.03%.
Crypto: Crypto traded higher on Tuesday, with Bitcoin rising over 3% to briefly surpass $67,000 and Ethereum nearing $1,950. Major altcoins like XRP and Solana also posted strong gains, while crypto-linked stocks like Coinbase Global (NASDAQ: COIN | COIN Price Prediction) rocketed 11%. Traders cheered when Treasury Secretary Scott Bessent announced that the long-awaited Digital Asset Market Clarity Act is almost finalized in the Senate. At 8 AM EDT, Bitcoin was trading at $66,014, while Ethereum was trading at $1,926.
24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. No single analyst report should ever be the sole basis for buying or selling a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Wednesday, July 22, 2026.
Upgrades: CoreWeave (NASDAQ: CRWV) was upgraded to Buy from Hold at Truist Financial, where they trimmed the target price for the shares to $126 from $131. Digital Ocean Holdings (NYSE: DOCN) was raised to Buy from Hold at Stifel, which raised the price target to $160 from $135. Everforth (NYSE: EFOR) was upgraded to Buy from Hold at Truist Financial, which bumped the target price to $36 from $33. Genmab (NASDAQ: GMAB) was upgraded to Buy from Hold at TD Cowen, which raised the target price to $43 from $32. Solstice Advanced Materials (NASDAQ: SOLS) was raised to Buy from Hold at Vertical Research, with a $79 target price. Downgrades: Amcor PLC (NYSE: AMCR) was downgraded to Hold from Buy at Jefferies, which cut the price target on the stock to $44.92 from $51.36. Crown Holdings (NYSE: CCK) was downgraded to Neutral from Overweight at JPMorgan, which boosted the price target to $121 from $107. Marsh & McLennan Companies (NYSE: MRSH) was downgraded to Neutral from Buy at Citigroup, with a $200 target price objective. Trimble (NASDAQ: TRMB) was downgraded to Market Perform from Outperform at Raymond James, without a price target. Vornado Realty Trust (NYSE: VNO) was cut to Underweight from Equal Weight at Morgan Stanley, with a $32 target price. Initiations: Altria Group (NYSE: MO) was initiated with a Neutral rating at BTIG, without a price target. Circle Internet Group (NYSE: CRCL) was initiated with a Market Perform rating at Raymond James, with no price target.
Keel Infrastructure (NASDAQ: KEEL) was started with a Buy rating at BTIG, with an $8 target price. International Business Machines (NYSE: IBM) was started with a Neutral rating at Baird, with a $230 target price. Nebius Group (NASDAQ: NBIS) was initiated with an Outperform rating at Baird, which has a $250 target price for the shares. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn't make the cut. Grab the names FREE today.
Treasury Secretary Scott Bessent told reporters Tuesday that the CLARITY Act, the market-structure bill that would formally classify XRP and Bitcoin as digital commodities, is on the “1-yard line” in the Senate, and he urged lawmakers to finish the job before the chamber breaks for its August recess. The Bessent quote and broad market reaction were carried by Bloomberg and Stocktwits on July 21, 2026. For XRP holders, this is the closest Washington has come to permanently settling the question that has hung over the token since the SEC first sued Ripple in 2020.
The reaction was immediate. XRP traded to an intraday high of $1.1511 and settled near $1.1485, a 3.5% gain, with roughly $2.93 million in leveraged short positions liquidated, making it the third-best performer among the top 50 cryptocurrencies on the day. Our own data pegs XRP at $1.14 as of July 22.
What Actually Changed The breakthrough was political, not technical. President Trump agreed to the CLARITY Act’s ethics provision, which bars the president, vice president, lawmakers, and senior officials from personally profiting from crypto while in office. That clause had stalled the bill for months. Trump’s own crypto ventures, including meme coin royalties and World Liberty Financial token sales, reportedly netted him more than $1.2 billion in 2025 alone (per Yahoo Finance/Decrypt reporting), which is why Democrats had refused to move without guardrails.
The backstory matters. Senator Chris Van Hollen’s earlier amendment to bar officials and their families from owning or promoting crypto was blocked by Republicans in May. The bill cleared the Senate Banking Committee 15 to 9, with only two Democrats, Ruben Gallego and Angela Alsobrooks, voting yes. The unlock came after Trump met with Senators Cynthia Lummis and Bernie Moreno.
The Vote Math Is Still Tight Republicans hold 53 Senate seats; passage requires 60 votes, so at least seven Democrats must cross over. Key holdouts include Catherine Cortez Masto and Mark Warner, who reportedly want illicit-finance safeguards addressed first. Prediction traders are not yet convinced: Polymarket’s implied probability of the CLARITY Act being signed into law in 2026 sits around 41%, having climbed into the low-40s from the low-30s.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn't make the cut. Grab the names FREE today.
The rally extended beyond XRP. Bitcoin traded around $66,800, and Coinbase (NASDAQ:COIN | COIN Price Prediction) closed at $175.85 on July 21, up 9.61% on the session and 8.89% for the week. That still leaves the stock down 22.24% year to date, a reminder that 2026 has been brutal for the crypto complex. Market cap now sits at roughly $42.27 billion.
The Case for Caution Not everyone is celebrating. Senators Van Hollen and Elizabeth Warren argue the current draft “risks deregulating existing markets and opening the door to further corruption and abuse” rather than strengthening consumer protections. And the clock is real: Senate Majority Leader John Thune must still fit a floor vote into a narrow window before the August 7 recess. Even a signed bill would be, in Bessent’s framing, a catalyst rather than a finish line. The GENIUS Act, the 2025 stablecoin law, is the cautionary tale: regulators later missed a follow-up rulemaking deadline.
For XRP, the single biggest overhang on institutional adoption, the risk that its commodity status could be reversed by a future administration, just moved meaningfully closer to permanent resolution. Whether it clears the Senate before August, and whether the final text satisfies its Democratic critics, is the drama still to come.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn't make the cut. Grab the names FREE today.
The Coinbase logo is seen in this illustration created on November 3, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 22 (Reuters) - Coinbase (COIN.O), opens new tab has settled a Freedom of Information Act lawsuit against the U.S. Securities and Exchange Commission over records it sought from the agency, the cryptocurrency exchange's chief legal officer, Paul Grewal, said in a Wall Street Journal op-ed on Wednesday.
Grewal said the agency, which polices corporate record-keeping, had lost text messages between former Chair Gary Gensler and other officials after a process the SEC said "automatically wiped" certain data.
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As part of the settlement, the SEC will pay $150,000 and fix its record-retention policies, he wrote.
SEC did not immediately respond to a Reuters request for comment.
Coinbase sued the SEC and the Federal Deposit Insurance Corp. in 2024, seeking documents it said would show a concerted effort by U.S. regulators to stamp out crypto companies.
The lawsuit sought additional communications from senior SEC officials, including Gensler.
Coinbase has scored major wins from the SEC under U.S. President Donald Trump, including the dismissal of a major lawsuit the regulator brought against the company under President Joe Biden.
It also championed a stablecoin bill passed by the U.S. Congress.
Reuters has reported that the SEC is preparing more industry-friendly policies, including one that would allow crypto companies to offer blockchain-based stocks.
Reporting by Hannah Lang in New York and Utkarsh Shetti in Bengaluru; Editing by Tasim Zahid
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Bitmine possiede il 4,8% dell'offerta totale di ETH pari a 120,7 milioni
Bitmine ha raggiunto il 96% dell'obiettivo "Alchemy of 5%" in soli 12 mesi
Nell'ultima settimana, Bitmine ha riacquistato 5,5 milioni di azioni ordinarie, autorizzate nell'ambito del programma di riacquisto di azioni da 4 miliardi di dollari comunicato in precedenza
Bitmine è stata aggiunta all'indice Russell 1000 Large-cap il 26 giugno 2026
Le azioni privilegiate di Serie A di Bitmine saranno negoziate sul NYSE con il simbolo BMNP
Bitmine detiene 4.917.189 ETH in staking, pari a 9,2 miliardi di dollari al prezzo di 1.879 dollari per ETH MAVAN (Made in America VAlidator Network) è una delle principali destinazioni di staking Ethereum per BMNR e investitori istituzional
Bitmine possiede 58 milioni di dollari di Eightco (NASDAQ: ORBS), attualmente uno dei pochi titoli quotati in borsa al mondo che offre agli investitori un'esposizione diretta a OpenAI
Bitmine Crypto + totale disponibilità in contanti + "Moonshots" ammontano a 11,5 miliardi di dollari, inclusi 5,78 milioni di token ETH, liquidità totali e titoli negoziabili pari a 385 milioni di dollari, e altre disponibilità in criptovalute
Bitmine continua a essere sostenuta da un gruppo di investitori istituzionali di primario livello, tra cui ARK di Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital e l'investitore privato Thomas "Tom" Lee a sostegno dell'obiettivo di Bitmine di acquisire il 5% di ETH
, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" o la "Società"), una società attiva nelle reti Bitcoin ed Ethereum e specializzata nell'accumulo di criptovalute per investimenti a lungo termine, ha annunciato oggi che le sue partecipazioni in criptovalute + liquidità totale e titoli negoziabili + "moonshot" ammontano complessivamente a 11,5 miliardi di dollari.
Bitmine Weekly Update
STAKING: BMNR now staking over 4.9 million ETH as of July 19, 2026
ALCHEMY OF 5%: BMNR ranked #187 by 5D avg daily $ volume Alle 20:30 ET del 19 luglio 2026, le partecipazioni in criptovalute della Società comprendono 5.777.468 ETH al prezzo di 1.879 dollari per ETH (NASDAQ: COIN), 207 Bitcoin (BTC), una partecipazione di 180 milioni di dollari in Beast Industries e una di 58 milioni di dollari in Eightco Holdings (NASDAQ: ORBS) ("moonshots"), e una liquidità totale e titoli negoziabili pari a 385 milioni di dollari. Le partecipazioni in ETH di Bitmine rappresentano il 4,8% dell'offerta di ETH (pari a 120,7 milioni di ETH).
"Nell'ultima settimana, Bitmine ha riacquistato circa 5,5 milioni di azioni ordinarie a un prezzo medio di 15,6156 dollari. Riteniamo l'acquisto delle nostre azioni ordinarie come un elemento che incrementa il valore per gli azionisti", ha affermato Thomas "Tom" Lee, Presidente di Bitmine.
Bitmine ha eseguito il riacquisto di 5,5 milioni di azioni ordinarie nell'ambito del programma di riacquisto di azioni da 4 miliardi di dollari autorizzato in precedenza.
"Nell'ultima settimana, abbiamo acquisito 7.430 ETH. Il ritmo ridotto degli acquisti riflette il fatto che Bitmine ha riacquistato 5,5 milioni di azioni ordinarie. Bitmine ha acquistato ETH ogni settimana sin dall'inizio della strategia di tesoreria ETH, il 30 giugno 2025", ha affermato Lee.
Il 16 luglio 2026, Bitmine ha pubblicato l'ultimo messaggio del presidente (link qui) per il mese luglio 2026. Il titolo del messaggio è "ETH è la cura per la Valle perturbante della ricchezza".
All'inizio del 2026, Bitmine ha lanciato MAVAN (Made in American VAlidator Network), la piattaforma di staking di livello istituzionale. Sebbene sia stata originariamente sviluppata per supportare il tesoro Ethereum di Bitmine, MAVAN intende ampliarsi per raggiungere investitori istituzionali, custodi e partner dell'ecosistema alla ricerca della migliore infrastruttura di staking. Una parte degli ETH di Bitmine è già in staking sulla piattaforma MAVAN.
Al 19 luglio 2026, il totale di ETH in staking su Bitmine ammonta a 4.917.189 (9,2 miliardi di dollari al prezzo di 1.879 dollari per ETH). "Bitmine ha messo in staking più ETH di qualsiasi altra entità al mondo. Su larga scala (quando l'ETH di Bitmine è interamente messo in staking da MAVAN e dai suoi partner di staking), il rendimento previsto dallo staking di ETH è di 290 milioni di dollari all'anno (utilizzando un rendimento BMNR a 7 giorni del 2,67%)", ha dichiarato Lee.
"I ricavi annuali derivanti dallo staking sono attualmente pari a 247 milioni di dollari. E questi 4,9 milioni di ETH rappresentano oltre l'85% dei 5,78 milioni di ETH detenuti da Bitmine. Le operazioni di staking di Bitmine hanno generato un rendimento su 7 giorni del 2,67% (su base annua)", ha proseguito Lee.
La holding in criptovalute Bitmine è al 1° posto delle tesorerie Ethereum e al 2° posto delle tesorerie globali, dietro a Strategy Inc., che secondo quanto riferito possiede 843.775 BTC per un valore di circa 55 miliardi di dollari. Bitmine si conferma la più grande tesoreria di ETH al mondo.
Bitmine è uno dei titoli più scambiati negli Stati Uniti. Secondo i dati di Fundstrat, il titolo ha registrato un volume medio giornaliero di negoziazioni pari a 579 milioni di dollari (media a 5 giorni, al 17 luglio 2026), classificandosi al 187° posto negli Stati Uniti, dietro AirBnB (186° posto) e davanti a Fastenal (188° posto) tra 5.704 titoli quotati negli Stati Uniti (statista.com e ricerca di Fundstrat).
Il management di Bitmine ritiene che il GENIUS Act e il Project Crypto della Securities and Exchange Commission ("SEC") rappresentino, per i servizi finanziari nel 2025, una trasformazione pari a quella determinata dall'azione intrapresa dagli Stati Uniti il 15 agosto 1971, che pose fine al sistema di Bretton Woods e al gold standard del dollaro statunitense 54 anni fa. Questo evento del 1971 fu il catalizzatore della modernizzazione di Wall Street, dando vita agli iconici titani di Wall Street e alle infrastrutture finanziarie e di pagamento odierne. Questi investimenti si sono rivelati più efficaci dell'oro.
Il messaggio del Presidente è disponibile qui:
https://www.Bitminetech.io/chairmans-message
La presentazione degli utili dell'intero esercizio 2025 e la presentazione aziendale sono disponibili qui: https://Bitminetech.io/investor-relations/
Per tutti gli aggiornamenti, è possibile registrarsi all'indirizzo: https://Bitminetech.io/contact-us/
Informazioni su Bitmine
Bitmine (NYSE: BMNR) è un miner di Bitcoin con attività negli Stati Uniti. La società sta utilizzando il proprio capitale in eccesso per diventare la principale società di tesoreria di Ethereum al mondo, implementando un'innovativa strategia di asset digitali per investitori istituzionali e operatori del mercato pubblico. Guidata dalla sua filosofia della "alchimia del 5%", la Società è impegnata a utilizzare ETH come principale asset di riserva di tesoreria, sfruttando attività native a livello di protocollo, tra cui lo staking e i meccanismi di finanza decentralizzata. Nel 2026, la società ha lanciato MAVAN (Made-in America VAlidator Network), un'infrastruttura di staking dedicata per gli asset Bitmine.
Per ulteriori dettagli, seguiteci su X:
https://x.com/bitmnr
https://x.com/fundstrat
Dichiarazioni previsionali
Il presente comunicato stampa contiene dichiarazioni che costituiscono "dichiarazioni previsionali" ai sensi del Private Securities Litigation Reform Act del 1995. Le dichiarazioni contenute nel presente comunicato stampa che non sono puramente storiche sono dichiarazioni previsionali che comportano rischi e incertezze. Queste dichiarazioni previsionali possono essere identificate da termini quali "prevede", "progetta", "progettato", "intende", "crede", "anticipa", "stima" ed espressioni simili. Il presente documento contiene dichiarazioni previsionali riguardanti, in particolare: (i) gli obiettivi della Società in merito all'acquisizione di ETH, tra cui l'iniziativa "Alchemy of 5%" e la dichiarazione, secondo cui Bitmine ha raggiunto il 96% di tale obiettivo; (ii) la strategia della Società di accumulo di asset digitali e le operazioni di staking, incluso il dato relativo ai 4.917.189 ETH in staking detenuti da Bitmine (pari a 9,2 miliardi di dollari), le ricompense annualizzate previste per lo staking di ETH (circa 290 milioni di dollari, quando MAVAN e i partner di staking hanno totalmente in staking l'ETH di Bitmine) e gli attuali ricavi annualizzati previsti dallo staking (circa 247 milioni di dollari); (iii) l'espansione prevista da MAVAN per servire investitori istituzionali, custodi e partner dell'ecosistema che cercano la migliore infrastruttura di staking; (iv) il costante impegno della Società nell'acquisizione settimanale di ETH nell'ambito della propria strategia di tesoreria in ETH; (v) la convinzione del management che il GENIUS Act e il SEC Project Crypto abbiano per i servizi finanziari una portata trasformativa analoga a quella del provvedimento statunitense del 15 agosto 1971 che pose termine a Bretton Woods e al gold standard del dollaro USA; (vi) le aspettative relative al programma di riacquisto di azioni da 4 miliardi di dollari e al valore incrementale per gli azionisti; (vii) le dichiarazioni, secondo cui l'investimento della Società in Eightco Holdings offre un'esposizione indiretta a OpenAI; e (viii) la crescita e il progresso futuri della strategia di tesoreria Ethereum della Società. Nel valutare tali dichiarazioni previsionali, occorre considerare vari fattori, tra cui: la capacità di Bitmine di stare al passo con le nuove tecnologie e le mutevoli esigenze del mercato; la capacità di Bitmine di finanziare la propria attività attuale, le operazioni di tesoreria di Ethereum, le operazioni di riacquisto delle azioni, e le attività future proposte; il contesto competitivo in cui opera Bitmine; le condizioni di mercato che influenzano il prezzo di negoziazione delle azioni ordinarie e delle azioni privilegiate di Serie A della Società; gli sviluppi normativi che riguardano gli asset digitali, tra cui l'emanazione e l'attuazione definitiva della legislazione in corso e delle iniziative della SEC; la volatilità e l'imprevedibilità dei prezzi degli asset digitali; le prestazioni, l'affidabilità e la sicurezza delle operazioni di staking della Società; i rischi riguardanti i sistemi di IA e il relativo impatto sui mercati delle criptovalute; e il valore futuro di Bitcoin ed Ethereum. Le prestazioni future e i risultati futuri effettivi potrebbero differire notevolmente da quelli espressi nelle dichiarazioni previsionali. Le dichiarazioni previsionali sono soggette a numerose condizioni, molte delle quali esulano dal controllo di Bitmine, comprese quelle indicate nella sezione "Fattori di rischio" del modulo 10-K di Bitmine depositato presso la SEC il 21 novembre 2025, nonché in tutti gli altri documenti depositati presso la SEC, modificati o aggiornati di volta in volta. Le copie dei documenti depositati da Bitmine presso la SEC sono disponibili sul sito web della SEC all'indirizzo www.sec.gov. Bitmine non si assume alcun obbligo di aggiornare tali dichiarazioni in seguito a revisioni o modifiche successive alla data del presente comunicato, salvo quanto previsto dalla legge.
Bitmine bezit 4,8% van het totale ETH-aanbod van 120,7 miljoen ETH
Bitmine heeft in slechts 12 maanden 96% van het doel van de 'Alchemy of 5%' bereikt
Bitmine heeft de afgelopen week 5,5 miljoen gewone aandelen ingekocht in het kader van het eerder aangekondigde aandeleninkoopprogramma ter waarde van 4 miljard dollar
Bitmine werd op 26 juni 2026 opgenomen in de Russell 1000 Large-cap Index
De Series A Preferred Stock van Bitmine wordt op de New York Stock Exchange (NYSE) verhandeld onder het symbool BMNP
Bitmine heeft 4.917.189 gestakede ETH, wat een waarde vertegenwoordigt van 9,2 miljard dollar bij een koers van 1.879 dollar per ETH. MAVAN (Made in America VAlidator Network) is een toonaangevend Ethereum-stakingplatform voor BMNR en institutionele beleggers
Bitmine bezit voor 58 miljoen dollar aan Eightco-aandelen (NASDAQ: ORBS), nu een van de weinige beursgenoteerde ondernemingen wereldwijd die beleggers indirecte blootstelling aan OpenAI bieden
De totale holdings aan cryptovaluta, liquide middelen, verhandelbare effecten en 'moonshots'-investeringen van Bitmine bedraagt 11,5 miljard dollar, inclusief 5,78 miljoen ETH-tokens, een totaal aan liquide middelen en verhandelbare effecten van 385 miljoen dollar en andere crypto-holdings
Bitmine wordt ondersteund door een vooraanstaande groep institutionele beleggers, waaronder Cathie Wood van ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital en privébelegger Thomas 'Tom' Lee, om bij te dragen aan Bitmines doel om 5% van alle ETH te verwerven
, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ('Bitmine' of de 'onderneming'), een Bitcoin- en Ethereum-netwerkbedrijf met een focus op het opbouwen van cryptovaluta voor langetermijninvesteringen, maakte vandaag bekend dat de totale holdings aan cryptovaluta, liquide middelen en verhandelbare effecten, en 'moonshots'-investeringen 11,5 miljard dollar bedraagt.
Bitmine Weekly Update
STAKING: BMNR now staking over 4.9 million ETH as of July 19, 2026
ALCHEMY OF 5%: BMNR ranked #187 by 5D avg daily $ volume Op 19 juli 2026 om 20.30 uur (ET) bestaan de crypto-holdings van de onderneming uit 5.777.468 ETH tegen een koers van 1.879 dollar per ETH (via CoinbaseNASDAQ: COIN), 207 Bitcoin (BTC), een belang van 180 miljoen dollar in Beast Industries, een belang van 58 miljoen dollar in Eightco Holdings (NASDAQ: ORBS) ('moonshots') en een totaal aan liquide middelen en verhandelbare effecten van 385 miljoen dollar. De ETH-holdings van Bitmine vertegenwoordigen 4,8% van het totale ETH-aanbod (van 120,7 miljoen ETH).
"Bitmine heeft de afgelopen week ongeveer 5,5 miljoen gewone aandelen ingekocht tegen een gemiddelde prijs van 15,6156 dollar. Wij beschouwen de inkoop van onze gewone aandelen als waardeverhogend voor onze aandeelhouders", aldus Thomas "Tom" Lee, bestuursvoorzitter van Bitmine.
Bitmine heeft de inkoop van ongeveer 5,5 miljoen gewone aandelen uitgevoerd in het kader van het eerder aangekondigde aandeleninkoopprogramma ter waarde van 4 miljard dollar.
"In de afgelopen week hebben we 7.430 ETH aangekocht. Het lagere aankooptempo is het gevolg van het feit dat Bitmine 5,5 miljoen gewone aandelen heeft ingekocht. Bitmine heeft sinds de start van de ETH Treasury Strategy op 30 juni 2025 elke week ETH gekocht", aldus Lee.
Op 16 juli 2026 heeft Bitmine het meest recente bericht van de bestuursvoorzitter voor juli 2026 gepubliceerd (link hier). De titel van het bericht luidt: "ETH is de remedie voor de Uncanny Valley of Wealth"
Eerder in 2026 lanceerde Bitmine MAVAN (het Made in America VAlidator Network), een stakingplatform van institutioneel niveau. Hoewel MAVAN oorspronkelijk werd ontwikkeld ter ondersteuning van Bitmines eigen Ethereum-treasury, zal het platform worden uitgebreid om ook institutionele beleggers, custodians en ecosysteempartners die op zoek zijn naar toonaangevende stakinginfrastructuur van dienst te zijn. Een deel van Bitmines ETH is al gestaked op het MAVAN-platform.
Op 19 juli 2026 bedroeg het totale aantal door Bitmine gestakede ETH 4.917.189 (9,2 miljard dollar bij een koers van 1.879 dollar per ETH). "Bitmine heeft meer ETH gestaked dan enige andere partij ter wereld. Op volle schaal (wanneer alle ETH van Bitmine volledig zijn gestaked via MAVAN en zijn stakingpartners) zullen de verwachte jaarlijkse stakingbeloningen in ETH naar verwachting 290 miljoen dollar bedragen (uitgaande van een BMNR-rendement over 7 dagen van 2,67%)", aldus Lee.
"De jaarlijkse stakinginkomsten worden nu geschat op 247 miljoen dollar. Deze 4,9 miljoen ETH vertegenwoordigt meer dan 85% van de 5,78 miljoen ETH die door Bitmine wordt aangehouden. De eigen stakingactiviteiten van Bitmine realiseerden een rendement over 7-dagen van 2,67% (op jaarbasis)", vervolgde Lee.
Haar crypto-holdings maken Bitmine tot de grootste Ethereum-treasury en de op één na grootste treasury ter wereld, na Strategy Inc., dat naar verluidt 843.775 BTC bezit met een waarde van ongeveer 55 miljard dollar. Bitmine blijft de grootste ETH-treasury ter wereld.
Bitmine is een van de meest verhandelde aandelen in de Verenigde Staten. Volgens gegevens van Fundstrat heeft het aandeel een gemiddeld dagelijks dollarvolume van 579 miljoen dollar verhandeld (5-daags gemiddelde, vanaf 17 juli 2026), met een rangorde van nr. 187 in de VS, achter AirBnB (rangorde nr. 186) en voor Fastenal (rangorde nr. 188) onder 5.704 in de VS genoteerde aandelen (statista.com en Fundstrat-onderzoek).
Het management van Bitmine is van mening dat de GENIUS Act en Project Crypto van de Securities and Exchange Commission (de 'SEC') in 2025 even ingrijpend zijn voor de financiële sector als het Amerikaanse besluit op 15 augustus 1971 om een einde te maken aan het Bretton Woods-stelsel en de koppeling van de Amerikaanse dollar aan de goudstandaard, 54 jaar geleden. Deze gebeurtenis in 1971 vormde de katalysator voor de modernisering van Wall Street en vormde de basis voor de iconische financiële titanen en de huidige betalingsinfrastructuur. Deze bleken uiteindelijk een betere investering dan goud.
Het bericht van de bestuursvoorzitter vindt u hier:
https://www.Bitminetech.io/chairmans-message
De resultatenpresentatie voor het volledige boekjaar 2025 en de ondernemingspresentatie vindt u hier: https://Bitminetech.io/investor-relations/
Om op de hoogte te blijven, kunt u zich aanmelden via: https://Bitminetech.io/contact-us/
Over Bitmine
Bitmine (NYSE: BMNR) is een Bitcoin-miner met activiteiten in de Verenigde Staten. De onderneming zet zijn overtollige kapitaal in om wereldwijd de toonaangevende Ethereum-treasuryonderneming te worden en implementeert daarbij een innovatieve strategie voor digitale activa voor institutionele beleggers en deelnemers aan de publieke kapitaalmarkten. Gedreven door zijn filosofie van de 'Alchemy of 5%' zet de onderneming ETH in als zijn primaire treasuryreserveactief, waarbij het gebruikmaakt van activiteiten op protocolniveau, waaronder staking en mechanismen voor gedecentraliseerde financiering. De onderneming heeft in 2026 MAVAN (Made-in America VAlidator Network) gelanceerd, een speciale stakinginfrastructuur voor Bitmine-activa.
Volg voor aanvullende informatie op X:
https://x.com/bitmnr
https://x.com/fundstrat
Toekomstgerichte verklaringen
Dit persbericht bevat verklaringen die kunnen worden aangemerkt als 'toekomstgerichte verklaringen' in de zin van de Private Securities Litigation Reform Act van 1995. De verklaringen in dit persbericht die niet louter historisch van aard zijn, zijn toekomstgerichte verklaringen die risico's en onzekerheden met zich meebrengen. Deze toekomstgerichte verklaringen kunnen worden herkend aan termen zoals 'verwacht', 'voorziet', 'is voornemens', 'gelooft', 'anticipeert', 'schat' en vergelijkbare uitdrukkingen. Dit document bevat in het bijzonder toekomstgerichte verklaringen met betrekking tot: (i) de doelstellingen van de onderneming met betrekking tot de verwerving van ETH, waaronder het initiatief "Alchemy of 5%" en de verklaring dat Bitmine 96% van deze doelstelling heeft bereikt; (ii) de strategie van de onderneming voor de accumulatie van digitale activa en haar stakingactiviteiten, waaronder de verklaring dat Bitmine 4.917.189 gestakete ETH bezit met een waarde van USD 9,2 miljard, de verwachte jaarlijkse ETH-stakingbeloningen van circa USD 290 miljoen (wanneer alle ETH van Bitmine volledig is gestaket door MAVAN en haar stakingpartners) en de momenteel verwachte jaarlijkse stakingopbrengsten van circa USD 247 miljoen; (iii) de voorgenomen uitbreiding van MAVAN om institutionele beleggers, custodians en ecosysteempartners te bedienen die op zoek zijn naar hoogwaardige stakinginfrastructuur; (iv) de voortdurende toezegging van de onderneming om wekelijks ETH te verwerven in het kader van haar ETH Treasury Strategy; (v) de overtuiging van het management dat de GENIUS Act en SEC Project Crypto even ingrijpend zijn voor de financiële dienstverlening als het Amerikaanse besluit van 15 augustus 1971 om een einde te maken aan het Bretton Woods-stelsel en de koppeling van de USD aan goud; (vi) verwachtingen met betrekking tot het aandeleninkoopprogramma van USD 4 miljard en de waardeverhogende impact ervan voor aandeelhouders; (vii) verklaringen dat de investering van de onderneming in Eightco Holdings indirecte blootstelling aan OpenAI biedt; en (viii) de toekomstige groei en verdere ontwikkeling van de Ethereum-treasurystrategie van de onderneming. Bij het evalueren van deze toekomstgerichte verklaringen dient u rekening te houden met verschillende factoren, waaronder: het vermogen van Bitmine om gelijke tred te houden met nieuwe technologieën en veranderende marktbehoeften; het vermogen van Bitmine om zijn huidige bedrijfsactiviteiten, zijn Ethereum-treasuryactiviteiten, zijn aandeleninkoopactiviteiten en zijn voorgestelde toekomstige activiteiten te financieren; de concurrentieomgeving waarin Bitmine actief is; marktomstandigheden die van invloed zijn op de handelskoers van de gewone aandelen en de preferente Series A-aandelen van de onderneming; ontwikkelingen in de regelgeving met betrekking tot digitale activa, waaronder de uiteindelijke aanneming en implementatie van de GENIUS Act en andere aanhangige wetgeving en initiatieven van de SEC; de volatiliteit en onvoorspelbaarheid van de prijzen van digitale activa; de prestaties, betrouwbaarheid en beveiliging van de stakingactiviteiten van de onderneming; risico's in verband met AI-systemen en de impact daarvan op de cryptomarkten; en de toekomstige waarde van Bitcoin en Ethereum. De daadwerkelijke toekomstige prestaties en resultaten kunnen wezenlijk afwijken van hetgeen wordt vermeld in toekomstgerichte verklaringen. Toekomstgerichte verklaringen zijn onderhevig aan talrijke factoren, waarvan vele buiten de macht van Bitmine liggen, waaronder die welke zijn uiteengezet in de sectie 'Risicofactoren' van Form 10-K van Bitmine dat op 21 november 2025 is ingediend bij de SEC, evenals alle andere SEC-indieningen, zoals van tijd tot tijd gewijzigd of bijgewerkt. Kopieën van SEC-indieningen van Bitmine zijn beschikbaar op de website van de SEC: www.sec.gov. Bitmine neemt geen verplichting op zich om deze verklaringen te actualiseren na de datum van dit persbericht, behalve voor zover wettelijk vereist.
The S&P 500 has barely moved in five days, but crypto assets are gaining some momentum in the background. Bitcoin jumped on Tuesday to hit its highest level since mid-June.
Could this be the comeback crypto bulls have been waiting almost a year for? Options traders in stocks tied to the digital asset class seem to think so, piling into calls in the iShares Bitcoin Trust ETF (IBIT), Michael Saylor's Strategy, and most of all – trading platform operator Coinbase Global.
Coinbase shares in the past day
Shares of Coinbase rallied roughly 11% to trade around $178 Tuesday after dipping below $150 earlier this month, a level the stock has tested and held multiple times since early 2024. Options flows in the stock were resoundingly bullish, with more than 114,000 calls traded versus just under 50,000 puts. More calls were bought than sold, with more than four times as many calls bought versus puts.
More than $100 million in options premium on Coinbase traded by midday Tuesday, with $80 million tied to call contracts, according to data from SpotGamma. The most popular contract by volume was the 190-strike call expiring Friday, a trade that needs a 7.5% rally to pay off.
Options in Robinhood Markets mirrored the bullishness in Coinbase. Of the 170,000 total contracts traded on the brokerage stock, 125,000 were calls, with six times as many calls bought as puts bought, according to data from ThinkOrSwim.
Bullish bets on the brokers are most likely to pay off if crypto prices recover, and options flows around bitcoin ETF IBIT suggest that could be the case. In that fund, more than twice as many calls were bought than puts, though more calls were sold than bought, suggesting a more neutral-to-bullish outlook.
One point of possible relief for bitcoin bulls: Traders bought twice as many calls as puts in Strategy, the bitcoin treasury company that's down more than 75% in the past year and arguably a main source of crypto strife.
Pozitivní nálada vydržela po celou obchodní seanci. Obrat na čipovém sektoru udržel technologický NASDAQ výrazně v plusu. Přesto klasické technologie z magnificent 7 skončily v záporu (Amazon -0,98 %). To vše se dělo při stále rostoucí cenně ropy. Investoři sledují především čísla hospodaření a geopolitika šla mírně stranou.
Z čipového sektoru se dařilo především výrobci paměťových čipů Micron +12,04 %, Sandisk +14% či výrobce procesorů Intel +8,64 %.
Automobilový koncern General Motors po zveřejněných kvartálních výsledcích přidal + 4,87 %.
Obrat zažily jak cenné kovy (zlato +1,85 %) tak kryptoměny (Bitcoin +1,61 %). Z růstu kryptoměn těžily akcie burzy Coinbase +9,67 %.
Index Dow Jones +0,74 % na 52223,93 b.
S&P 500 +0,89 % na 7509,21 b.
Nasdaq Composite +1,29 % na 25837,21 b.
Index S&P 500 +0,89 % na 7509,21 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,3 % Nezbytná spotřeba -1 % Energie +1,2 % Komunikační služby -0,8 % Zdravotní péče +0,6 % Utility +0 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +14 % Danaher Corp (DHR) -11 % Western Digital Corp (WDC) +13 % MSCI (MSCI) -10 % Micron Technology (MU) +12 % Tyler Technologies (TYL) -5,7 % Teradyne (TER) +12 % Halliburton (HAL) -5,5 % Coherent Corp (COHR) +11 % Gartner (IT) -4,5 %
Jan Pazourek, Fio banka, a.s.
Coinbase (NASDAQ:COIN | COIN Price Prediction) stock is surging 11% to $178, Strategy (NASDAQ:MSTR) (formerly Microstrategy) shares are up 5% to $103, and Hut 8 (NASDAQ:HUT) stock is gaining 5% to $106 as crypto-linked names catch a broad bid on Tuesday. Price gains in Bitcoin (CRYPTO:BTC) are undoubtedly providing a tailwind, with the world’s most famous cryptocurrency rising 4% over the past 24 hours to $66,808. Along with that, the iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 3% to $38.
These notable moves have a few different drivers, but the biggest one looks like a friendlier U.S. policy backdrop as the Clarity Act vote gets closer. At the same time, the latest price action shows that traders still want the names with the cleanest leverage to Bitcoin and the most visible company-specific catalysts.
Coinbase Gets the Biggest Lift Coinbase is the clearest beneficiary of the regulatory setup, since the stock tends to move hard when traders think Washington may give the crypto industry more room to grow. Traders are monitoring bullish social-media chatter, institutional accumulation, and a growing divide between breakout believers and skeptics who still worry about Coinbase’s long-term growth profile.
The bull case for Coinbase is straightforward: stronger crypto prices can lift trading activity, and clearer rules could support higher conviction around the platform’s business model. The bear case is just as familiar, since Coinbase stock still has to prove that improved sentiment can turn into durable revenue growth rather than just another sharp rally.
Strategy Stock Still Tracks Bitcoin Strategy shares are moving with Bitcoin, but Strategy also carries an added capital-markets story that keeps the stock in focus even when crypto is quiet. Recent reporting also points to Strategy selling company shares to boost its cash reserve, which reinforces that Strategy co-founder Michael Saylor’s firm is still leaning on equity and preferred issuance to support its broader Bitcoin strategy.
That can work in a strong crypto tape, and Strategy stock often behaves like a leveraged version of Bitcoin when traders are chasing upside. However, the same setup can cut the other way if Bitcoin stalls, because Strategy’s equity story depends on confidence that the company can keep funding its balance sheet while the crypto cycle stays favorable.
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Hut 8 Adds an AI Angle Hut 8 has another catalyst besides Bitcoin, and that’s helping HUT stock stand out in today’s rally. Recent reports indicated that Hut 8’s Beacon Point is now fully commercialized and carrying long-dated AI lease potential, which gives Hut 8 a more diversified growth narrative than a pure mining play.
That matters because Hut 8 is no longer just a directional Bitcoin trade. Hut 8 still has cryptocurrency exposure, but the market is also starting to price in infrastructure value tied to AI data center demand, which could keep interest elevated if the Beacon Point story continues to build.
What to Watch Now The next key test is whether the Clarity Act vote stays on track and whether Bitcoin can hold its gains in the coming days. Coinbase stock, Strategy stock, and Hut 8 stock could stay in the fast lane if crypto sentiment stays hot, but all three names can also reverse quickly if the policy tone softens or Bitcoin gives back today’s move.
For more direct exposure to moves in the Bitcoin price, the IBIT ETF gives investors a cleaner read on broad Bitcoin appetite. Meanwhile, Coinbase and Strategy shares offer more operating leverage and Hut 8 adds a second, AI-linked theme. The takeaway is simple: the crypto-theme setup looks constructive, but these are still volatile stocks, so modest position sizes could make sense while the catalysts play out.
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Coinbase Global COIN shares are soaring on July 21st due to a combination of corporate updates, regulatory tailwinds, and a bullish macro sentiment.
At the core of this rally is the firm’s international push for the “Everything Exchange”, which aims to unify spot trading, derivatives, staking, and on‑chain settlement into a single globally scalable platform.
The announcement arrives at a time when Coinbase stock has fallen out of favour with investors. At the time of writing, it’s down some 25% versus the start of this year (2026).
Coinbase is aggressively marketing its “Everything Exchange” ecosystem.
Following the US rollout of tokenized equities, options, and pre-IPO perpetual futures (including OpenAI and Anthropic contracts), the company’s Canada CEO Eric Richmond announced today that management is actively collaborating with Canadian regulators to expand the “Everything Exchange” framework into Canada.
This phase shift – moving beyond a pure-play crypto brokerage to a unified platform enabling 24/7 trading of stocks, derivatives, ETFs, and prediction markets – reassures investors that Coinbase is successfully building recurring non-transaction revenue streams.
COIN shares are rallying this morning mostly because scaling the “Everything Exchange” strategy will position the company as the default infrastructure layer for regulated digital-asset markets worldwide.
Coinbase shares are worth buying into strength today also because of the firm’s recent “structural” wins. Last month, the crypto company secured its Luxembourg hub and full MiCA compliance.
With the European Union’s MiCA rules coming into full enforcement, an estimated “92%” of the region’s unlicensed crypto platforms were forced to exit or restrict service, effectively funneling volume to licensed platforms like Coinbase.
Moreover, fresh authorization in the UK to offer regulated stock and derivatives trading alongside crypto has cemented COIN’s position against legacy multi-asset brokers as well.
Crucially, William Blair analysts are convinced that the crypto market has bottomed, with trading activity set to rebound significantly in 2027 – something they believe could drive Coinbase higher over the next 12 months.
COIN stock looks attractive at the current price because a macro risk-on shift is providing a supportive backdrop as well.
Cooler-than-expected inflation data (June CPI) combined with strong Q2 bank earnings have eased rate concerns and lifted overall market liquidity.
Meanwhile, BTC holding support above key technical levels ($63,000–$65,000 range) is helping ease immediate pressure on trading desk volumes.
Investors should also note that Wall Street remains bullish as ever on Coinbase Global Inc for the remainder of 2026.
The consensus rating on the crypto company sits at Moderate Buy currently – with the mean price target of nearly $223 indicating potential upside of a little over 25% from here.
California Public Employees Retirement System cut its position in Coinbase Global, Inc. (NASDAQ:COIN – Free Report) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,268 shares of the cryptocurrency exchange’s stock after selling 89,963 shares during the quarter. California Public Employees Retirement System owned 0.11% of Coinbase Global worth $51,731,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of COIN. Formidable Asset Management LLC boosted its holdings in Coinbase Global by 2.2% during the 4th quarter. Formidable Asset Management LLC now owns 2,074 shares of the cryptocurrency exchange’s stock valued at $469,000 after acquiring an additional 44 shares during the period. L2 Asset Management LLC grew its position in Coinbase Global by 5.0% in the 3rd quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock valued at $326,000 after acquiring an additional 46 shares in the last quarter. Ancora Advisors LLC increased its stake in Coinbase Global by 4.5% during the third quarter. Ancora Advisors LLC now owns 1,174 shares of the cryptocurrency exchange’s stock worth $396,000 after purchasing an additional 51 shares during the period. Fulton Bank N.A. increased its stake in Coinbase Global by 1.1% during the first quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock worth $863,000 after purchasing an additional 53 shares during the period. Finally, SRH Advisors LLC lifted its position in shares of Coinbase Global by 10.1% during the fourth quarter. SRH Advisors LLC now owns 600 shares of the cryptocurrency exchange’s stock worth $136,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.
Analyst Upgrades and Downgrades Several research firms have recently commented on COIN. Jefferies Financial Group raised their price objective on shares of Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. Oppenheimer cut their target price on shares of Coinbase Global from $224.00 to $209.00 and set an “outperform” rating on the stock in a research note on Thursday. B. Riley Financial reduced their target price on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Compass Point reissued a “sell” rating on shares of Coinbase Global in a research report on Monday, June 1st. Finally, Citizens Jmp dropped their price target on shares of Coinbase Global from $355.00 to $325.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and a consensus price target of $245.39.
Check Out Our Latest Research Report on COIN
Coinbase Global News Summary Here are the key news stories impacting Coinbase Global this week:
Positive Sentiment: Coinbase vice chair Ryan VanGrack said Senate negotiators added stronger consumer protections to the CLARITY Act, which could improve the odds of crypto market-structure legislation passing and create a more favorable regulatory backdrop for Coinbase. Article: Democrats added certain consumer protection rules to CLARITY: Coinbase exec Positive Sentiment: Multiple headlines featured Coinbase CEO Brian Armstrong defending Bitcoin’s long-term durability and dismissing concerns about miners shifting energy use to AI, which can reinforce Coinbase’s image as a leading crypto industry voice. Article: Coinbase CEO Brian Armstrong: Hash Power Doesn’t Determine Bitcoin’s Price Neutral Sentiment: Armstrong also said Bitcoin is likely to remain a long-term gauge of inflation fears and commented that stablecoins, not Bitcoin, have best fulfilled Satoshi’s payments vision; this keeps Coinbase in the center of the crypto narrative but is not a direct business catalyst. Article: Coinbase CEO Brian Armstrong Says Bitcoin Will ‘Mostly’ Be a Measure of Inflation Fears in the Long Term Neutral Sentiment: Coinbase shares also got a routine lift from broad market movement, with recent coverage noting the stock outperformed a down market session. Article: Coinbase Global, Inc. (COIN) Ascends While Market Falls: Some Facts to Note Negative Sentiment: Prediction markets suggested Coinbase’s second-quarter trading volume may come in below analyst expectations, renewing concern that weaker crypto activity could pressure transaction revenue. Article: Coinbase trading results may fall short of expectations, according to prediction markets Negative Sentiment: Another piece argued Coinbase’s Base strategy showed the company may be building for an older crypto cycle, hinting at product and strategic execution risks. Article: Coinbase’s big Base mistake offers an important lesson for the crypto industry Coinbase Global Stock Performance Shares of COIN opened at $160.43 on Tuesday. The stock has a 50-day simple moving average of $169.28 and a 200-day simple moving average of $186.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market capitalization of $42.27 billion, a PE ratio of 60.31, a PEG ratio of 10.14 and a beta of 3.35. Coinbase Global, Inc. has a 1 year low of $139.18 and a 1 year high of $436.38.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was down 30.5% compared to the same quarter last year. On average, analysts predict that Coinbase Global, Inc. will post 1.41 earnings per share for the current fiscal year.
Insider Activity In related news, Director Frederick R. Wilson sold 10,000 shares of Coinbase Global stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $181.54, for a total value of $1,815,400.00. Following the completion of the transaction, the director owned 30,000 shares in the company, valued at $5,446,200. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $158.15, for a total transaction of $324,365.65. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,627 shares of company stock worth $5,327,841 over the last three months. Insiders own 16.66% of the company’s stock.
Coinbase Global Profile (Free Report)
Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.
Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.
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Baader Bank Aktiengesellschaft raised its stake in Coinbase Global, Inc. (NASDAQ:COIN – Free Report) by 61.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,856 shares of the cryptocurrency exchange’s stock after purchasing an additional 5,631 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Coinbase Global were worth $2,429,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in COIN. MV Capital Management Inc. purchased a new stake in Coinbase Global during the fourth quarter valued at about $27,000. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth about $29,000. Osbon Capital Management LLC purchased a new stake in shares of Coinbase Global during the 4th quarter worth about $30,000. Archer Investment Corp increased its position in Coinbase Global by 546.4% during the 1st quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock worth $32,000 after purchasing an additional 153 shares in the last quarter. Finally, Brooklands Fund Management Ltd acquired a new stake in Coinbase Global during the 4th quarter worth approximately $34,000. 68.84% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other Coinbase Global news, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the completion of the sale, the insider owned 84,753 shares in the company, valued at $14,991,110.64. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of Coinbase Global stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $181.54, for a total value of $1,815,400.00. Following the sale, the director owned 30,000 shares in the company, valued at $5,446,200. This represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 30,627 shares of company stock worth $5,327,841. Company insiders own 16.66% of the company’s stock.
Coinbase Global Price Performance COIN opened at $160.43 on Tuesday. Coinbase Global, Inc. has a twelve month low of $139.18 and a twelve month high of $436.38. The firm has a market cap of $42.27 billion, a price-to-earnings ratio of 60.31, a PEG ratio of 10.14 and a beta of 3.35. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $169.28 and a 200 day simple moving average of $186.24.
Coinbase Global (NASDAQ:COIN – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s quarterly revenue was down 30.5% compared to the same quarter last year. Equities research analysts expect that Coinbase Global, Inc. will post 1.41 EPS for the current fiscal year.
Analyst Ratings Changes A number of research analysts have weighed in on the stock. President Capital lifted their price target on shares of Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Benchmark reissued a “buy” rating and issued a $270.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 17th. Monness Crespi & Hardt reissued a “sell” rating on shares of Coinbase Global in a research note on Friday, June 5th. Barclays reduced their target price on shares of Coinbase Global from $107.00 to $99.00 and set an “underweight” rating on the stock in a report on Thursday, July 9th. Finally, Oppenheimer decreased their price target on shares of Coinbase Global from $224.00 to $209.00 and set an “outperform” rating for the company in a research report on Thursday. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coinbase Global currently has a consensus rating of “Hold” and an average target price of $245.39.
View Our Latest Analysis on Coinbase Global
Trending Headlines about Coinbase Global Here are the key news stories impacting Coinbase Global this week:
Positive Sentiment: Coinbase vice chair Ryan VanGrack said Senate negotiators added stronger consumer protections to the CLARITY Act, which could improve the odds of crypto market-structure legislation passing and create a more favorable regulatory backdrop for Coinbase. Article: Democrats added certain consumer protection rules to CLARITY: Coinbase exec Positive Sentiment: Multiple headlines featured Coinbase CEO Brian Armstrong defending Bitcoin’s long-term durability and dismissing concerns about miners shifting energy use to AI, which can reinforce Coinbase’s image as a leading crypto industry voice. Article: Coinbase CEO Brian Armstrong: Hash Power Doesn’t Determine Bitcoin’s Price Neutral Sentiment: Armstrong also said Bitcoin is likely to remain a long-term gauge of inflation fears and commented that stablecoins, not Bitcoin, have best fulfilled Satoshi’s payments vision; this keeps Coinbase in the center of the crypto narrative but is not a direct business catalyst. Article: Coinbase CEO Brian Armstrong Says Bitcoin Will ‘Mostly’ Be a Measure of Inflation Fears in the Long Term Neutral Sentiment: Coinbase shares also got a routine lift from broad market movement, with recent coverage noting the stock outperformed a down market session. Article: Coinbase Global, Inc. (COIN) Ascends While Market Falls: Some Facts to Note Negative Sentiment: Prediction markets suggested Coinbase’s second-quarter trading volume may come in below analyst expectations, renewing concern that weaker crypto activity could pressure transaction revenue. Article: Coinbase trading results may fall short of expectations, according to prediction markets Negative Sentiment: Another piece argued Coinbase’s Base strategy showed the company may be building for an older crypto cycle, hinting at product and strategic execution risks. Article: Coinbase’s big Base mistake offers an important lesson for the crypto industry Coinbase Global Profile (Free Report)
Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.
Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.
Featured Stories Five stocks we like better than Coinbase Global The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story
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Investment firm William Blair recently cut its estimates for Coinbase (COIN +8.31%), the largest U.S. cryptocurrency exchange. Interestingly, it also reiterated an outperform rating for Coinbase, suggested that clients stay invested, and advised that the crypto market could be near its bottom.
Coinbase stock has plummeted over the last year, from an all-time high of $445 on July 17, 2025, to $157 as of July 17, 2026. Here are the details on William Blair's analysis and whether this is a good buying opportunity for Coinbase.
Image source: The Motley Fool.
William Blair's outlook on Coinbase and the crypto market William Blair reduced annual revenue estimates for Coinbase by 12% in 2026 and 13% in 2027. It also cut its EBITDA (earnings before interest, taxes, depreciation, and amortization) estimates by 34% for both years, and it expects Coinbase's trading volume to fall 44% to $669 billion in 2026.
These predictions make sense when you consider Coinbase's dependence on the crypto market and how the bear market has already affected it. Coinbase reported revenue of $1.4 billion in Q1 2026, a 31% year-over-year decrease. The crypto exchange also had a net loss of $394 million that quarter, compared to net income of $66 million in Q1 2025.
As a crypto exchange, Coinbase makes a large portion of its revenue (54% in Q1 2026) from transaction fees. During bear markets, enthusiasm for crypto fades, fewer people want to buy, and trading activity drops.
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William Blair remains bullish on Coinbase for a few reasons. It believes that the crypto bear market is close to a bottom with Bitcoin prices stabilizing, and that trading volumes will rebound by 32% in 2027. The firm also sees the current situation much differently than the lengthy bear market that started in 2022, with Bitcoin ETFs, institutional adoption, and the regulatory environment all potentially helping the market recover more quickly.
Although Coinbase makes money from trading fees, it has developed additional revenue streams. It now offers tokenized real-world assets (RWAs), prediction markets, and retail derivatives, all of which could make it a more resilient investment.
This could be a good buy-the-dip opportunity for Coinbase stock, although I'd take a cautious approach. While Coinbase has branched out, trading fees are still its bread and butter. It'll likely continue to perform best during bull markets when investors are excited about cryptocurrency and trading activity is high. During bear markets, it will probably keep underperforming.
When the crypto market rebounds, Coinbase should rise with it, but there's no way to be sure when that will happen. Previous bear markets have lasted for years, so investors should take predictions that we're near the bottom with a grain of salt. The safest approach is to keep your crypto allocation, including cryptocurrencies and crypto stocks, to a small portion of your investment portfolio.
Amova Asset Management Americas Inc. lessened its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN – Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,589,152 shares of the cryptocurrency exchange’s stock after selling 132,046 shares during the period. Coinbase Global accounts for approximately 3.9% of Amova Asset Management Americas Inc.’s investment portfolio, making the stock its 6th biggest holding. Amova Asset Management Americas Inc. owned approximately 0.60% of Coinbase Global worth $277,418,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its position in shares of Coinbase Global by 24.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after buying an additional 413 shares during the last quarter. Empowered Funds LLC lifted its position in Coinbase Global by 25.8% in the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after acquiring an additional 1,761 shares during the last quarter. Focus Partners Wealth boosted its stake in Coinbase Global by 9.9% in the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after acquiring an additional 467 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Coinbase Global in the second quarter valued at $285,000. Finally, Cerity Partners LLC grew its holdings in shares of Coinbase Global by 8.6% during the second quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock worth $6,203,000 after purchasing an additional 1,402 shares during the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.
Coinbase Global Stock Up 2.1% Shares of Coinbase Global stock opened at $160.43 on Tuesday. The company has a market cap of $42.27 billion, a P/E ratio of 60.31, a PEG ratio of 10.14 and a beta of 3.35. Coinbase Global, Inc. has a one year low of $139.18 and a one year high of $436.38. The firm has a fifty day moving average of $169.28 and a two-hundred day moving average of $186.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business earned $0.24 EPS. Coinbase Global’s revenue for the quarter was down 30.5% on a year-over-year basis. On average, analysts forecast that Coinbase Global, Inc. will post 1.41 earnings per share for the current year.
Insiders Place Their Bets In other news, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the completion of the sale, the insider directly owned 84,753 shares of the company’s stock, valued at $14,991,110.64. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of Coinbase Global stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $158.15, for a total value of $324,365.65. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 30,627 shares of company stock valued at $5,327,841. Corporate insiders own 16.66% of the company’s stock.
Key Headlines Impacting Coinbase Global Here are the key news stories impacting Coinbase Global this week:
Positive Sentiment: Coinbase vice chair Ryan VanGrack said Senate negotiators added stronger consumer protections to the CLARITY Act, which could improve the odds of crypto market-structure legislation passing and create a more favorable regulatory backdrop for Coinbase. Article: Democrats added certain consumer protection rules to CLARITY: Coinbase exec Positive Sentiment: Multiple headlines featured Coinbase CEO Brian Armstrong defending Bitcoin’s long-term durability and dismissing concerns about miners shifting energy use to AI, which can reinforce Coinbase’s image as a leading crypto industry voice. Article: Coinbase CEO Brian Armstrong: Hash Power Doesn’t Determine Bitcoin’s Price Neutral Sentiment: Armstrong also said Bitcoin is likely to remain a long-term gauge of inflation fears and commented that stablecoins, not Bitcoin, have best fulfilled Satoshi’s payments vision; this keeps Coinbase in the center of the crypto narrative but is not a direct business catalyst. Article: Coinbase CEO Brian Armstrong Says Bitcoin Will ‘Mostly’ Be a Measure of Inflation Fears in the Long Term Neutral Sentiment: Coinbase shares also got a routine lift from broad market movement, with recent coverage noting the stock outperformed a down market session. Article: Coinbase Global, Inc. (COIN) Ascends While Market Falls: Some Facts to Note Negative Sentiment: Prediction markets suggested Coinbase’s second-quarter trading volume may come in below analyst expectations, renewing concern that weaker crypto activity could pressure transaction revenue. Article: Coinbase trading results may fall short of expectations, according to prediction markets Negative Sentiment: Another piece argued Coinbase’s Base strategy showed the company may be building for an older crypto cycle, hinting at product and strategic execution risks. Article: Coinbase’s big Base mistake offers an important lesson for the crypto industry Wall Street Analyst Weigh In A number of analysts have recently commented on COIN shares. Weiss Ratings upgraded Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Piper Sandler decreased their target price on Coinbase Global from $170.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. KeyCorp restated a “sector weight” rating on shares of Coinbase Global in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $208.00 price target on shares of Coinbase Global in a research report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and an average target price of $245.39.
Check Out Our Latest Analysis on Coinbase Global
Coinbase Global Profile (Free Report)
Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.
Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.
See Also Five stocks we like better than Coinbase Global The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story
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In the latest trading session, Coinbase Global, Inc. (COIN - Free Report) closed at $160.43, marking a +2.11% move from the previous day. This move outpaced the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq depreciated by 0.05%.
Prior to today's trading, shares of the company had lost 3.76% lagged the Finance sector's gain of 2.54% and the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance of Coinbase Global, Inc. in its upcoming release. The company is slated to reveal its earnings on July 30, 2026. The company is forecasted to report an EPS of $0.19, showcasing a 58.33% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.32 billion, down 11.83% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.41 per share and a revenue of $5.88 billion, representing changes of -65.01% and -18.11%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Coinbase Global, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 18.8% lower within the past month. Currently, Coinbase Global, Inc. is carrying a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Coinbase Global, Inc. has a Forward P/E ratio of 111.3 right now. This expresses a premium compared to the average Forward P/E of 10.79 of its industry.
It's also important to note that COIN currently trades at a PEG ratio of 10.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Miscellaneous Services was holding an average PEG ratio of 0.93 at yesterday's closing price.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Bitmine détient 4,8 % de l'offre totale d'ETH, qui s'élève à 120,7 millions
Bitmine a parcouru 96 % du chemin menant à l'« Alchimie des 5 % » en seulement 12 mois
Bitmine a racheté 5,5 millions d'actions ordinaires au cours de la semaine écoulée, dans le cadre du programme de rachat d'actions de 4 milliards de dollars annoncé précédemment
Bitmine a été intégrée à l'indice Russell 1000 Large-cap le 26 juin 2026
Les actions privilégiées de catégorie A de Bitmine sont cotées à la Bourse de New York (NYSE) sous le symbole BMNP
Bitmine dispose de 4 917 189 ETH en staking, ce qui représente 9,2 milliards de dollars au cours de 1 879 dollars par ETH. MAVAN (Made in America VAlidator Network) est une destination de staking d'Ethereum de premier plan pour BMNR et les investisseurs institutionnels
Bitmine détient 58 millions de dollars d'actions d'Eightco (NASDAQ : ORBS), l'une des seules actions cotées en bourse au monde à offrir aux investisseurs une exposition indirecte à OpenAI
Le total des avoirs en cryptomonnaies de Bitmine, de ses liquidités et titres négociables, ainsi que de ses « Moonshots » s'élève à 11,5 milliards de dollars, dont 5,78 millions de jetons ETH, 385 millions de dollars de liquidités et de titres négociables, et d'autres avoirs en cryptomonnaies
Bitmine continue de recevoir le soutien d'un groupe d'investisseurs institutionnels de premier plan, dont Cathie Wood d'ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital et l'investisseur privé Thomas « Tom » Lee, pour atteindre l'objectif de Bitmine d'acquérir 5 % du nombre total d'ETH
, /PRNewswire/ -- (NYSE : BMNR) Bitmine Immersion Technologies, Inc. (« Bitmine » ou la « Société »), une entreprise active sur les réseaux Bitcoin et Ethereum qui se consacre à l'accumulation de cryptomonnaies à des fins d'investissement à long terme, a annoncé aujourd'hui que le total de ses avoirs en cryptomonnaies en liquidités et titres négociables, ainsi que dans ses « moonshots », s'élevait à 11,5 milliards de dollars.
Bitmine Weekly Update
STAKING: BMNR now staking over 4.9 million ETH as of July 19, 2026
ALCHEMY OF 5%: BMNR ranked #187 by 5D avg daily $ volume Au 19 juillet 2026 à 20 h 30 (heure de l'Est), le portefeuille de cryptomonnaies de la Société se composait de 5 777 468 ETH, au cours de 1 879 dollars par ETH (selon Coinbase, NASDAQ : COIN), 207 Bitcoin (BTC), une participation de 180 millions de dollars dans Beast Industries, une participation de 58 millions de dollars dans Eightco Holdings (NASDAQ : ORBS) (« moonshots ») et un total de liquidités et de titres négociables s'élevant à 385 millions de dollars. Les avoirs en ETH de Bitmine représentent 4,8 % de l'offre totale d'ETH (qui s'élève à 120,7 millions d'ETH).
« Bitmine a racheté environ 5,5 millions d'actions ordinaires au cours de la semaine écoulée, à un prix moyen de 15,6156 dollars. Nous considérons que le rachat de nos actions ordinaires contribue à la création de valeur pour les actionnaires », a déclaré Thomas « Tom » Lee, président de Bitmine.
Bitmine a procédé au rachat de 5,5 millions d'actions ordinaires dans le cadre du programme de rachat d'actions de 4 milliards de dollars autorisé au préalable.
« Au cours de la semaine écoulée, nous avons acquis 7 430 ETH. Le ralentissement des achats s'explique par le rachat par Bitmine de 5,5 millions d'actions ordinaires. Bitmine a acheté des ETH chaque semaine depuis le lancement de la stratégie de trésorerie ETH, le 30 juin 2025 », a déclaré M. Lee.
Le 16 juillet 2026, Bitmine a publié le dernier message du président (lien ici) pour le mois de juillet 2026. Le titre du message est « ETH is the cure for the Uncanny Valley of Wealth » (L'ETH est le remède à la vallée dérangeante de la richesse).
Au début de l'année 2026, Bitmine a lancé MAVAN (Made in American VAlidator Network), une plateforme de staking destinée aux investisseurs institutionnels. Alors que MAVAN a été initialement développée pour soutenir la propre trésorerie Ethereum de Bitmine, la plateforme a aujourd'hui vocation à se développer pour servir les investisseurs institutionnels, les dépositaires et les partenaires de l'écosystème à la recherche d'une infrastructure de staking de premier ordre. Une partie des ETH de Bitmine est déjà mise en staking sur la plateforme MAVAN.
Au 19 juillet 2026, le montant total d'ETH mis en staking par Bitmine s'élève à 4 917 189 (soit 9,2 milliards de dollars, à 1 879 dollars par ETH). « Bitmine a mis en staking plus d'ETH que toute autre entité dans le monde. À grande échelle (lorsque les ETH de Bitmine sont entièrement mis en staking par MAVAN et ses partenaires de staking), la récompense prévue pour le staking d'ETH est de 290 millions de dollars sur une base annualisée (en utilisant un rendement de 2,67 % sur 7 jours pour BMNR) », a déclaré M. Lee.
« Les recettes annualisées issues du staking sont désormais estimées à 247 millions de dollars. Et ces 4,9 millions d'ETH représentent 85 % des 5,78 millions d'ETH détenus par Bitmine. Les opérations de staking de Bitmine ont généré un rendement sur 7 jours de 2,67 % (annualisé) », a poursuivi M. Lee.
Les avoirs en cryptomonnaies de Bitmine figurent en première place des trésoreries Ethereum et en deuxième place au niveau mondial, derrière Strategy Inc., qui détiendrait 843 775 BTC évalués à environ 50 milliards de dollars. Bitmine reste la plus importante trésorerie d'ETH au monde.
Bitmine est l'une des actions les plus négociées aux États-Unis. Selon les données de Fundstrat, le titre a enregistré un volume quotidien moyen de transactions de 579 millions de dollars (moyenne sur 5 jours, au 17 juillet 2026), se classant ainsi à la 187ᵉ place aux États-Unis, derrière AirBnB (186ᵉ) et devant Fastenal (188ᵉ) parmi les 5 704 titres cotés aux États-Unis (statista.com et étude Fundstrat).
La direction de Bitmine estime que la loi GENIUS et le projet Crypto de la Securities and Exchange Commission (la « SEC ») sont aussi transformateurs pour les services financiers en 2025 que l'action des États-Unis, le 15 août 1971, qui a mis fin à Bretton Woods et à l'étalon-or du dollar américain il y a 54 ans. Cet événement de 1971 a été le catalyseur de la modernisation de Wall Street, créant les titans emblématiques de Wall Street et les réseaux financiers et de paiement d'aujourd'hui. Ceux-ci se sont avérés être de meilleurs investissements que l'or.
Le message du président est disponible ici :
https://www.Bitminetech.io/chairmans-message
La présentation des résultats de l'exercice 2025 complet et la présentation corporative sont disponibles ici : https://Bitminetech.io/investor-relations/
Pour rester informé, veuillez vous inscrire à l'adresse https://Bitminetech.io/contact-us/
À propos de Bitmine
Bitmine (NYSE : BMNR) est une société de minage de Bitcoin opérant aux États-Unis. L'entreprise déploie son capital excédentaire pour devenir la première société de trésorerie Ethereum au monde, mettant en œuvre une stratégie d'actifs numériques innovante pour les investisseurs institutionnels et les acteurs du marché public. Guidée par sa philosophie de « l'alchimie des 5 % », la Société s'est engagée à faire de l'ETH son principal actif de réserve de trésorerie, s'appuyant sur des activités natives au niveau du protocole, y compris le staking et des mécanismes de financement décentralisés. L'entreprise a lancé MAVAN (Made-in America VAlidator Network), une infrastructure de staking dédiée aux actifs de Bitmine, en 2026.
Pour en savoir plus, suivez-nous sur X :
https://x.com/bitmnr
https://x.com/fundstrat
Déclarations prospectives
Le présent communiqué de presse contient des déclarations qui constituent des déclarations prospectives au sens de la loi Private Securities Litigation Reform Act de 1995. Les déclarations contenues dans le présent communiqué de presse qui ne sont pas purement historiques sont des déclarations prospectives qui impliquent des risques et des incertitudes. Ces déclarations prospectives peuvent être identifiées par des termes tels que « s'attendre à », « projeter », « avoir l'intention de », « croire », « anticiper », « estimer » et d'autres expressions similaires. Le présent document contient en particulier des déclarations prospectives concernant : (i) les objectifs de la Société en matière d'acquisition d'ETH, notamment l'initiative « Alchemy of 5 % » et l'affirmation selon laquelle Bitmine a déjà atteint 96 % de cet objectif ; (ii) la stratégie d'accumulation d'actifs numériques de la Société et ses opérations de staking, y compris l'affirmation selon laquelle Bitmine détient 4 917 189 ETH en staking, représentant 9,2 milliards de dollars, des récompenses de staking d'ETH annualisées prévues d'environ 290 millions de dollars (lorsque les ETH de Bitmine seront entièrement mis en staking par MAVAN et ses partenaires de staking), et des recettes issues du staking annualisées actuellement prévues d'environ 247 millions de dollars ; (iii) l'expansion prévue de MAVAN pour répondre aux besoins des investisseurs institutionnels, des dépositaires et des partenaires de l'écosystème à la recherche d'une infrastructure de staking de premier ordre ; (iv) l'engagement continu de la Société à acquérir des ETH chaque semaine dans le cadre de sa stratégie de trésorerie ETH ; (v) la conviction de la direction que la loi GENIUS et le projet « Project Crypto » de la SEC constituent une transformation des services financiers aussi importante que la décision prise par les États-Unis le 15 août 1971 de mettre fin au système de Bretton Woods et à l'étalon-or du dollar américain ; (vi) les attentes concernant le programme de rachat d'actions de 4 milliards de dollars et sa valeur relutive pour les actionnaires ; (vii) les déclarations selon lesquelles l'investissement de la Société dans Eightco Holdings offre une exposition indirecte à OpenAI ; et (viii) la croissance et le développement futurs de la stratégie de trésorerie Ethereum de la Société. En évaluant ces déclarations prospectives, vous devez tenir compte de divers facteurs, notamment : la capacité de Bitmine à suivre le rythme des nouvelles technologies et des besoins changeants du marché ; la capacité de Bitmine à financer ses activités actuelles, ses opérations de trésorerie Ethereum, ses activités de rachat d'actions et ses activités futures proposées ; l'environnement concurrentiel des activités de Bitmine ; les conditions de marché affectant le prix de négociation de l'action ordinaire de la Société ; les développements réglementaires affectant les actifs numériques, y compris l'adoption finale et l'application de la loi GENIUS, d'autres législations en cours et des initiatives de la SEC ; la volatilité et l'imprévisibilité des prix des actifs numériques ; la performance, la fiabilité et la sécurité des opérations de staking de la Société ; les risques liés aux systèmes d'IA et leur impact sur les marchés des cryptomonnaies ; et la valeur future du Bitcoin et de l'Ethereum. Les performances et résultats réels futurs peuvent différer de manière significative de ceux exprimés dans les déclarations prospectives. Les déclarations prospectives sont soumises à de nombreuses conditions, dont beaucoup sont hors du contrôle de Bitmine, y compris celles énoncées dans la section « Risk Factors » du formulaire 10-K déposé par Bitmine auprès de la SEC le 21 novembre 2025, ainsi que dans tous les autres documents déposés auprès de la SEC, tels que modifiés ou mis à jour de temps à autre. Des copies des documents déposés par Bitmine auprès de la SEC sont disponibles sur son site web à l'adresse suivante : www.sec.gov. Bitmine ne s'engage pas à mettre à jour ces déclarations pour tenir compte des révisions ou changements intervenus après la date de ce communiqué, sauf si la loi l'exige.
As bitcoin prices fell yet again in the second quarter, traders on prediction market platform Kalshi think Coinbase's trading volumes suffered once again.
The cryptocurrency trading platform is expected to post a third consecutive quarterly decline of trading volumes, and speculators are also feeling confident that total trading volume will slip below $200 billion for the first time since third quarter 2024.
Traders give a 41% chance that trading volume is above $160 billion, and just a 25% chance it's above $170 billion. That compares to analysts' consensus estimates for $168.5 billion, according to FactSet.
Speculators are more certain volume will be above $150 billion, giving that a 99% chance of happening.
Coinbase is set to deliver its second-quarter earnings report on July 30.
The contract on Kalshi asks traders if Coinbase trading volume will be above various levels, and the outcome is resolved using information from investment research platform Fiscal.ai.
Shares of Coinbase are down more than 55% since bitcoin prices — which are off slightly less than 50% — peaked in October 2025. Coinbase trading volume's previous declines in the first quarter of 2026 and fourth quarter of 2025 came also as Bitcoin prices tumbled over that period.
Coinbase since Oct. 7, 2025.
Bitcoin prices fell again in the second quarter, off about 12%.
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
On June 30, Coinbase (COIN +3.56%) joined a coalition of more than 140 financial, tech, and retail companies to back a new stablecoin called Open USD (OUSD). That move was surprising, since Coinbase was a founding partner for Circle's (CRCL +3.91%) USDC (USDC +0.00%) stablecoin, and it still retains all the interest income from USDC on its own exchange.
But with that crucial revenue-sharing partnership with Circle set to expire on Aug. 18, Coinbase appears interested in supporting other stablecoins, such as OUSD, to reduce its exposure to USDC. That shift already crushed Circle's stock, but what does it mean for Coinbase's stock?
Image source: Getty Images.
Why is Coinbase joining that big coalition? Circle is the only company that mints and manages USDC. Circle also generates most of its revenue by earning interest on the cash and U.S. Treasuries it holds to back the stablecoin. Coinbase and a few other companies get a cut of that interest, known as reserve income.
With OUSD, the entire coalition of companies -- including Coinbase, Visa, Mastercard, Stripe, BlackRock, Alphabet's Google, and Shopify -- will jointly manage the cryptocurrency and split its reserve income. That democratization and decentralization represent a major threat to Circle, but it's bullish for Coinbase.
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Coinbase can renew its revenue-sharing agreement with Circle and continue to support OUSD's planned launch later this year. As one of the world's largest cryptocurrency exchanges, it will profit from the rising adoption of stablecoins, regardless of which token rises to the top.
In 2025, Coinbase's revenue from stablecoins rose 48% year over year to $1.35 billion, accounting for nearly 19% of its top line. If the CLARITY Act is finally signed into law with a favorable outcome for stablecoin yields, that business could grow even faster and reduce Coinbase's dependence on more volatile cryptocurrencies.
What does this alliance mean for Coinbase's stock? In the past, Coinbase's revenue was pinned to the crypto market's boom-and-bust cycles. But if stablecoins are more widely adopted as a faster, cheaper, and more privacy-oriented alternative to U.S. dollars, Coinbase's exposure to those choppy market cycles will decrease.
From 2025 to 2028, analysts expect Coinbase's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to both grow at CAGRs of 4%. Those growth rates might seem weak for a stock that trades at 21 times this year's adjusted EBITDA.
However, those forecasts could rise once interest rates decline, more investors rotate back to cryptocurrencies, and a new crypto summer begins. The approval of stablecoins will amplify those gains. If you expect those tailwinds to kick in and help Coinbase crush analysts' estimates, it could still be a great time to accumulate its out-of-favor stock.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, BlackRock, Mastercard, Shopify, and Visa. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
The pitch is a 78% yield on a crypto-exchange proxy. The reality is that a fund charging you monthly for the privilege of capping your own upside has quietly turned a bet on Coinbase (NASDAQ:COIN | COIN Price Prediction) into a slow leak. YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shareholders got most of Coinbase’s downside and almost none of the recoveries. Then they paid tax on their own principal coming back as “income.”
What You’re Actually Paying CONY’s expense ratio is not disclosed in the April 30, 2026 NPORT filing, an unusual gap for a fund with $397 million in net assets. That is only the sticker cost. The structural cost dwarfs it.
Look at the last twelve months. CONY fell 56.25% from July 2025 to July 2026. Coinbase itself fell 59.10% over the same window. Investors who bought CONY for “income with less risk” got almost the entire drawdown and gave away the upside on every rally in exchange. On a $10,000 position held for that year, the price value collapsed to roughly $4,375. The distributions cushioned that, but a large share of those distributions was your own capital handed back to you.
The Part the Factsheet Doesn’t Highlight CONY holds Treasury Bills at 91.60% of net assets plus a set of paired long and short call options on COIN. The matching unit counts on the long and short legs (10,940, 10,055, 5,530, 4,555, 1,000) confirm a synthetic covered call. The short calls collect premium. They also cap gains at the strike. When COIN rips higher, you keep the premium and forfeit the rally.
Now look at the distribution history. In April 2024, CONY paid $2.7944 in a single distribution. By late November 2025 the payments had collapsed to $0.0635 and $0.0656. The 2026 schedule is a weekly drip in the $0.22 to $0.56 range. Trailing twelve-month distributions total $15.3524 on a share price of $19.46. A payout that size relative to price is a red flag for return of capital, which is not free money. It reduces your cost basis and defers a tax bill rather than eliminating it. Meanwhile the NAV bleeds visibly: shares opened 2026 at $27.92 and traded at $19.63 by July 10, a 27.02% year-to-date decline.
Options premium is also taxed less kindly than qualified dividends. For a taxable account, the ordinary-income treatment on the option-derived portion, combined with the ROC erosion of basis, is a two-sided tax drag the fund’s yield headline never mentions.
The Cheaper Mirror If the goal is Coinbase exposure, the cheaper mirror is Coinbase. Direct shares of COIN carry no fund fee, no capped upside, and no synthetic option overlay siphoning off rallies. Over the past year the price outcomes were close (CONY down 56.25% versus COIN down 59.10%), but on any strong up move CONY’s short calls will hand the gains back. Investors who want crypto-linked income with lower structural cost can pair a direct COIN position with their own covered calls at strikes they choose, or use a broad, lower-cost crypto equity fund and generate income from Treasuries directly. The T-bill sleeve inside CONY is something you can already own for a few basis points.
What This Means for You CONY clearly pays. The real question is what it pays with. If a big share of your monthly check is your own principal returning in a higher-tax wrapper, and the fund’s design guarantees you miss the upside that would replace that principal, ask what you are actually renting for the fee you cannot see on the factsheet.
Contact [email protected] for any questions or corrections.
Remote-First-Company/ATLANTA--(BUSINESS WIRE)--Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its second quarter 2026 financial results and related materials on its Investor Relations website at investor.coinbase.com on Thursday, July 30, 2026, after market close.
The Company will hold a live question & answer session on X at 2:00 p.m. PT that same day. The event will also be live streamed on YouTube. Following the Q&A session, a replay and transcript will be available on the Investor Relations website.
Disclosure Information
In addition to filings with the Securities and Exchange Commission, the Company uses its Investor Relations website (investor.coinbase.com), its blog (blog.coinbase.com), press releases, public conference calls and webcasts, its X feed (@coinbase), Brian Armstrong’s X feed (@brian_armstrong), its LinkedIn page, and its YouTube channel as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
About Coinbase
Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom in the world. The most trusted crypto platform, Coinbase stores more digital assets than any other company and is building the everything exchange — one place to access crypto, equities, derivatives, prediction markets, and more. Coinbase serves consumers through its suite of financial apps, institutions through Coinbase Prime, and developers through the Coinbase Developer Platform. Every experience runs on Coinbase's full-stack platform powering the future of finance: secure custody, deep exchange liquidity, stablecoin infrastructure, and global settlement rails — all built on a decade-plus foundation of security and compliance.
Shares of Circle Internet Group and Coinbase Global moved higher on Wednesday after William Blair said many of the key risks facing both companies are already reflected in investor expectations.
The firm also highlighted their potential to benefit from any recovery in Bitcoin prices.
Circle CRCL shares gained more than 3% in midday trading, while Coinbase stock rose nearly 2%.
Bitcoin was trading around $64,900, up about 0.5% over the previous 24 hours after reaching an intraday high of $65,500.
The cryptocurrency continued to struggle to hold above the $65,000 level.
William Blair cuts estimates but remains optimisticWilliam Blair said investors should continue to stay invested in Coinbase as spot trading volumes potentially bottom out, despite lowering its financial estimates for the crypto exchange.
The firm said both Coinbase and Circle offer "outsized leverage to a bitcoin recovery."
William Blair also warned that consensus estimates across the sector are likely to continue falling and revised its own forecasts lower.
The brokerage reduced its 2026 revenue estimate for Coinbase by 12% and its 2027 forecast by 13%. It also lowered EBITDA estimates by 34% for both years.
Despite those reductions, the firm expects profitability to recover after this year, stating that EBITDA "seems set to trough" in the second half of 2026 before rebounding in 2027.
Separately, Piper Sandler lowered its price target on Coinbase to $155 from $170 while maintaining a Neutral rating.
Analyst Patrick Moley said subdued cryptocurrency trading has contrasted with record options activity and the strongest quarter on record for US cash equities trading volumes.
He added that prediction markets and perpetual futures "were the story" of the second quarter, with the FIFA World Cup driving what he described as "massive" growth across the prediction markets industry.
Looking ahead, Moley said investors are paying close attention to "significant investor attention on the perpetual future threat," highlighting increasing competition as more trading activity shifts toward newer products such as perpetual futures.
While analysts updated their outlooks, Cathie Wood's ARK Invest continued to increase its exposure to Circle despite the stock's recent weakness.
ARK purchased another 220,000 Circle shares across three actively managed exchange-traded funds on Tuesday.
Based on Circle's Tuesday closing price of $63.22, the acquisition was valued at approximately $13.9 million.
The latest purchase brings ARK's disclosed Circle purchases during July to 725,517 shares.
The investment firm had previously acquired 287,609 shares on July 1 and 217,896 shares on July 9.
Circle has become a significant holding across ARK's innovation-focused portfolios.
As of Wednesday, the company represented 4.37% of the ARK Fintech Innovation ETF, making it the fund's seventh-largest position with a value of roughly $33 million.
Circle also accounted for 3.35% of the flagship ARK Innovation ETF, ranking as its ninth-largest holding and carrying a value of approximately $218 million.
Despite Wednesday's gains, both stocks remain under pressure this year. Coinbase shares have fallen nearly 30% in 2026, while Circle stock is down almost 20%.
JPMorgan believes the new Hyperliquid partnership will weigh on earnings for both firms, yet says pro-crypto legislation backed by President Donald Trump‘s administration could ultimately prove to be the more important story for investors.
Hyperliquid Changes The EconomicsCoinbase and Circle announced in May that Hyperliquid would adopt USDC as its preferred stablecoin, a move designed to deepen the token’s presence across one of crypto’s fastest-growing decentralized exchanges.
The catch? JPMorgan says the revised arrangement significantly changes how the two companies split the economics.
Coinbase will now classify USDC held on Hyperliquid as “on-platform,” allowing it to earn reserve income before paying 90% of that revenue back to Hyperliquid. The firm estimates roughly $6 billion of USDC, or about 8% of the circulating supply, now sits on the platform.
The result is a near-term revenue headwind for both companies, prompting JPMorgan to lower earnings estimates. The brokerage now expects the full impact of the revised economics to become more visible during the second half of 2026, alongside a softer crypto trading environment marked by lower volumes, weaker digital asset prices and declining DeFi activity.
The Prisoner’s DilemmaJPMorgan argues the Hyperliquid deal highlights a broader challenge for the Coinbase-Circle partnership.
Rather than simply sharing the benefits of USDC adoption, both companies are incentivized to compete for distribution partners. Winning those relationships could increasingly require giving away a larger share of the economics, creating what the analysts describe as a classic “prisoner’s dilemma.”
In other words, USDC adoption may continue to grow while the value each company captures from that growth gradually shrinks.
Washington May Be The Bigger CatalystThat’s why JPMorgan believes investors shouldn’t lose sight of the bigger picture.
The firm continues to view U.S. digital asset market structure legislation as a potential turning point for the industry, even as the path to passage becomes more uncertain with the Senate’s legislative calendar narrowing ahead of its August recess.
Clearer crypto rules could encourage greater institutional participation, improve market confidence and accelerate development across the digital asset ecosystem—all of which could expand demand for USDC.
JPMorgan also expects higher interest rates to support reserve income through 2027, particularly for Coinbase, even after trimming its forecasts for USDC balances.
For investors, Hyperliquid may explain the next few quarters. But if Trump’s crypto agenda succeeds in creating a clearer regulatory framework, the long-term winner may not be the company that negotiated the better deal—it could be the one serving a much larger stablecoin market.
Photo: Skorzewiak on Shutterstock.com
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Brian Armstrong has a favorite phrase for prediction markets: “the ultimate form of truth seeking.” The Coinbase CEO argues that when real money is on the line, people dig for better information and produce forecasts more reliable than pundits, polls, or the press. During the 2026 FIFA World Cup, Coinbase (NASDAQ:COIN | COIN Price Prediction) pushed an AI-generated notification to millions of users announcing that Norway had beaten Brazil 3-2, with Erling Haaland scoring twice. The match hadn’t started.
Coinbase Proved Its Own Lie The Norway-Brazil fixture was listed on Coinbase’s own market page under a weather delay at the exact moment the “final score” alert went out. The platform told users the game hadn’t kicked off and that Norway had already won it. Screenshots spread across X. “This is what happens when a crypto company uses AI to generate sports prediction markets,” one user wrote. “Coinbase is hallucinating results for a World Cup game that hasn’t even been played yet and sending factually incorrect notifications to its millions of users as ‘breaking news.'” Armstrong confirmed on X that his team is looking into it. Coinbase has yet to explain how the alert cleared its checks.
The Twist That Makes It Perfect The match was later played. Norway actually beat Brazil, 2-1. Haaland actually scored twice. Coinbase’s AI got the winner right, the scorer right, and only the scoreline wrong. It invented a version, sent it to millions as fact, and reality largely agreed.
What the Business Actually Is Coinbase offers event contracts through its Everything Exchange, with market flow supplied by Kalshi, the prediction-market operator valued at $22 billion. The product has rolled out across all 50 US states. Prediction markets scaled to $100M+ annualized revenue in the first two full months live, part of a reinvention that included 10 acquisitions in 2025. The pitch rests on truth seeking. The Norway-Brazil notification refutes it cleanly.
Why the Timing Is Genuinely Bad New York recently sued Coinbase and Gemini over their prediction market offerings, and the fight over whether these products are protected derivatives or illegal gambling remains unresolved. Coinbase’s regulatory argument is that prediction markets belong under the existing CFTC derivatives framework with no new oversight. That gets harder the week your AI invents a World Cup result and blasts it out as breaking news.
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A Sector-Wide Credibility Problem Polymarket’s World Cup winner market alone has topped $3.9 billion in volume, the largest single prediction-market contract in history, with France the favorite around 35% implied probability. Bloomberg’s Matt Levine warned that prediction markets risk becoming “increasingly falsehood machines.” Coinbase’s failure is a cousin: pure fabrication.
What It Means for Investors Coinbase shares are down 59.34% over the past year and off 6.81% in the past week, closing at $157.37. The incident alone is unlikely to move the stock. The regulatory timing is the real issue, handing New York’s active lawsuit a tidy example of AI-generated misinformation distributed as fact. Kalshi shares the reputational exposure. Polymarket, the roughly $15 billion market leader, wasn’t involved but absorbs the same credibility hit.
If the financial incentive supposed to manufacture “truth seeking” manufactured a fake score instead and beamed it to millions as breaking news, how sure should anyone be that prediction markets finally replace polling, punditry, and the press?
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SummaryCoinbase Global is undergoing a structural transformation, no longer just a leveraged proxy for Bitcoin price movements.I rate COIN a Buy with a 12-month price target of $240–$260, supported by stablecoin revenue growth, new product materiality, and underappreciated base optionality.Subscription and service revenues, especially from stablecoins, now represent 44% of net revenue and have grown year-over-year despite crypto market declines.New products—derivatives, prediction markets, tokenized equities, and agentic payment rails—are driving material revenue and are not yet priced into consensus models.herstockart/iStock Unreleased via Getty Images
Most analyses of Coinbase Global (COIN) view the stock as a simple bet on cryptocurrency price growth. It means that, when Bitcoin rises, COIN outperforms, and when it falls, COIN falls further. Q1
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Coinbase Global, Inc. (COIN - Free Report) ended the recent trading session at $157.37, demonstrating a -1.07% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.79% for the day. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 1.55%.
The company's shares have seen a decrease of 0.44% over the last month, not keeping up with the Finance sector's gain of 5.64% and the S&P 500's gain of 4.28%.
Market participants will be closely following the financial results of Coinbase Global, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.32, reflecting a 166.67% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.36 billion, reflecting a 9.27% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.75 per share and revenue of $5.95 billion, which would represent changes of -56.58% and -17.13%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Coinbase Global, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 9.27% lower. Coinbase Global, Inc. currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Coinbase Global, Inc. is currently exchanging hands at a Forward P/E ratio of 90.85. Its industry sports an average Forward P/E of 11, so one might conclude that Coinbase Global, Inc. is trading at a premium comparatively.
Meanwhile, COIN's PEG ratio is currently 6.1. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Financial - Miscellaneous Services stocks are, on average, holding a PEG ratio of 1 based on yesterday's closing prices.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 161, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Ark Invest CEO Cathie Wood has long been a crypto bull. In the company's 2025 Big Ideas report, Ark Invest said its 2030 base-case price target for Bitcoin (BTC +0.30%) is $700,000, with a bull case of $1.5 million.
Although Bitcoin and other cryptocurrencies have been crushed this year, Wood and Ark don't seem to be giving up yet, as they typically take a long view of what they believe are groundbreaking technologies.
Ahead of a big potential U.S. Senate vote on the Clarity Act, Ark has been buying cryptocurrency names such as Coinbase Global (COIN +0.40%) and Circle Internet Group. Here's the bet.
Image source: Getty Images.
How the Clarity Act would benefit crypto companies At the very end of June, disclosures from Ark Invest showed that its ARK Innovation ETF purchased 66,754 shares of Circle and 37,153 shares of Coinbase.
While we don't know the exact thinking of Wood and her team, there is a good chance they are buying Coinbase and Circle on the bet that the Senate will pass the Clarity Act, a broad regulation bill that crypto advocates see as a game changer. The bill seeks to create a framework for crypto regulation in the U.S. by doing three main things.
First, it provides a legal definition of a "mature blockchain" as "a blockchain system, together with its related digital commodity, that is not controlled by any person or group of persons under common control." The bill also provides a clear framework for dividing regulatory jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The CFTC would have exclusive regulatory authority over spot markets and cryptocurrencies that are intrinsically connected to a blockchain. Cryptocurrencies classified as digital commodities trading on "mature blockchains" would not be securities and therefore would not need to be registered with the SEC. There are other provisions in the law that seek to protect investors and prevent pump-and-dump schemes.
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Finally, the Clarity Act contains provisions on stablecoins, digital assets pegged to a currency or commodity, that prevent idle stablecoins from earning yield, but do allow yield to be issued based on rewards for certain activities, such as transactions.
Passage of the Clarity Act would be good for Coinbase and Circle for a few reasons. For one, a clear regulatory framework would enable more of the traditional finance world to engage with crypto without fear of regulatory repercussions.
Clearer jurisdictional boundaries between the SEC and the CFTC would make it easier for exchanges to offer different cryptocurrencies on their platforms without worrying about whether they are skirting securities registration laws.
The stablecoin provision is also very important. It is not a complete win for Circle and Coinbase, which would have liked to offer yield on idle stablecoins. However, banks were concerned that doing this could have led to a run on traditional deposits.
Still, the language suggests that crypto platforms can incentivize people to use stablecoins for transactions, which could expand their ecosystems and usage.
Will the Clarity Act pass? The bill has been over a year in the making. The U.S. House of Representatives approved the legislation easily in mid-June last year, but it still hasn't cleared the Senate, which requires 60 votes to pass.
The Trump administration has been trying to get the law passed before the midterm elections. Congress is scheduled to be in recess from Aug. 10 to Sept. 11, adding more pressure to the timeline.
There are 53 Republicans in the Senate, so seven Democrats or independents are needed to make the law a reality. As of July 7, only two Democrats have publicly said they support the bill.
Furthermore, Sen. Mitch McConnell's (R-KY) status is currently unknown, as the longtime Republican senator has been hospitalized for the past several weeks with what is speculated to be a serious ailment.
As of this writing on July 9, Kalshi placed the odds of the Clarity Act receiving more than 60 votes from the Senate at just 25%, although these percentages change quickly.
Perhaps Wood and her team have studied the political landscape closely or simply believe that broad crypto legislation is only a matter of time.
Coinbase Global, Inc. (COIN - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this company have returned -1.2% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Financial - Miscellaneous Services industry, to which Coinbase Global belongs, has lost 0.7% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Coinbase Global is expected to post earnings of $0.31 per share for the current quarter, representing a year-over-year change of +158.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -13.2%.
The consensus earnings estimate of $1.75 for the current fiscal year indicates a year-over-year change of -56.6%. This estimate has changed -9.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $4.23 indicates a change of +141.6% from what Coinbase Global is expected to report a year ago. Over the past month, the estimate has changed -6.7%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Coinbase Global is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Coinbase Global, the consensus sales estimate of $1.36 billion for the current quarter points to a year-over-year change of -9.3%. The $5.95 billion and $7.09 billion estimates for the current and next fiscal years indicate changes of -17.1% and +19.2%, respectively.
Last Reported Results and Surprise HistoryCoinbase Global reported revenues of $1.41 billion in the last reported quarter, representing a year-over-year change of -30.5%. EPS of -$0.17 for the same period compares with $1.94 a year ago.
Compared to the Zacks Consensus Estimate of $1.5 billion, the reported revenues represent a surprise of -5.61%. The EPS surprise was -147.22%.
Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates just once over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Coinbase Global is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Coinbase Global. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Coinbase shares are powering higher. Why are COIN shares rallying? The ApprovalCircle announced it has received approval from the OCC to establish First National Digital Currency Bank N.A., operating under the name Circle National Trust. The approval represents a major U.S. regulatory milestone, placing Circle’s USDC stablecoin infrastructure under direct federal oversight by the OCC — the primary regulator for national banks and national trust banks.
Upon opening, Circle National Trust will offer fiduciary digital asset custody services for Circle and its affiliates, with the potential to eventually extend services to a limited number of institutional customers including banks and other regulated financial institutions. The charter is also designed to enable future management of the USDC Reserve under federal regulatory oversight.
“OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system,” said Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle.
Why Coinbase Is MovingCoinbase is one of the largest distributors of USDC and benefits directly from broader institutional adoption of regulated stablecoins. A federal banking charter for Circle signals a more legitimized and regulated digital asset landscape — a rising tide that lifts the broader crypto infrastructure sector.
Coinbase Shares RiseCOIN Price Action: At the time of publication, Coinbase shares are trading 4.52% higher at $165.60, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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The Coinbase logo on a smartphone screen in this illustration taken November 3, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesWASHINGTON, July 9 (Reuters) - Coinbase (COIN.O), opens new tab's Chief Legal Officer Paul Grewal is stepping down after six years at the U.S. crypto giant where he fought off a landmark suit brought by the U.S. securities regulator and played an instrumental role in the crypto industry's Washington campaign to secure industry-friendly policies.
Grewal will step down effective immediately, with Molly Abraham, Coinbase's vice president of legal, moving into his role with the title of general counsel, the company told Reuters. Coinbase is also naming Ryan VanGrack, who is currently vice president of legal, as the company's first vice chair and head of corporate affairs, Coinbase said.
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Grewal first posted news of his departure on X.
Grewal's time at Coinbase was partly defined by a years-long legal battle with the Securities and Exchange Commission, which sued Coinbase in 2023 alleging the company had flouted its rules by facilitating trading in crypto tokens that it said should have registered as securities with the watchdog.
Legal experts saw the case as existential for Coinbase and the broader crypto industry, which had long sought to avoid costly SEC oversight. The agency under U.S. President Donald Trump, who courted crypto money on the campaign trail, dismissed the case last year, a massive win for Grewal, Coinbase and the industry.
Coinbase has been a top advocate for the crypto industry as it has sought policy changes in Washington to put it on a solid legal footing, with Grewal at the forefront of those efforts.
Most recently, he had also been involved in deliberations on highly anticipated legislation -- dubbed the Clarity Act -- that would create federal rules for cryptocurrencies. The bill had been bogged down for months by a dispute between crypto companies and banks, but advanced out of a key Senate committee in May.
"After helping to take the company public, fighting the SEC and winning, moving us from Delaware to Texas, working to get GENIUS and soon CLARITY passed into law, and so much more – now is my time for new adventures," Grewal said in a post on X.
In his new role, VanGrack, who will be second-in-command to CEO Brian Armstrong, will step into a "broader corporate and public-facing role" representing Coinbase before "key stakeholders and policymakers around the world," he said in an interview.
The company needs to focus "on steps that unlock products, expand jurisdictions, and enhance our relationships with governments and partners around the world," VanGrack added.
The shift comes as Coinbase looks to become an "everything exchange" by expanding beyond crypto, including into stock trading, prediction markets and artificial intelligence-powered investment tools.
“What I'm so excited about in this next chapter is this is all about building our products... because of the path that [Grewal] cleared," said Abraham in an interview.
Reporting by Hannah Lang; editing by Michelle Price
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Hannah Lang covers financial technology and cryptocurrency, including the businesses that drive the industry and policy developments that govern the sector. Hannah previously worked at American Banker where she covered bank regulation and the Federal Reserve. She graduated from the University of Maryland, College Park and lives in Washington, DC.
Coinbase has restored prediction markets trading on its platform after users were unable to place trades, the company said in a status message on Thursday.
Key Takeaways Coinbase secured UK approval to offer eligible users derivatives and equities alongside crypto.The UK is key as nearly 7 million adults own crypto and new rules are expected in October 2027.Coinbase is securing licenses globally to reduce U.S. reliance and broaden its customer base. Coinbase Global (COIN - Free Report) recently secured authorization to offer investment services in the United Kingdom, enabling eligible users to trade derivatives and equities alongside cryptocurrencies. The approval marks another milestone in Coinbase’s effort to build a comprehensive, globally regulated digital asset platform. As regulatory clarity improves across major markets, the company is strengthening its position as one of the few crypto-native firms capable of serving both institutional and retail clients within established regulatory frameworks.
The United Kingdom is a strategically important market, given its deep capital markets and leadership in fintech adoption. According to the Financial Conduct Authority (FCA), nearly 7 million UK adults already own crypto assets, while about 25% of non-owners say they would be more likely to invest under a clear regulatory framework. With the UK's comprehensive crypto regulations expected to take effect in October 2027, Coinbase is well-positioned to benefit from rising adoption. Its UK product suite now spans crypto trading, derivatives, equities, stablecoin payments, savings, borrowing, with tokenized real-world assets planned for the future.
The authorization also supports Coinbase's broader international expansion strategy. The company has steadily secured licenses across Europe, Asia-Pacific, the Middle East and Latin America, reducing reliance on the U.S. market while broadening its global customer base. Management described the approval as the largest expansion of Coinbase's UK offering since entering the market. More broadly, Coinbase is transforming from a crypto exchange into an "everything exchange," aiming to provide a unified platform for cryptocurrencies, derivatives, tokenized assets, stablecoins and, eventually, additional traditional financial products as regulations evolve.
What About COIN’s Peers? Circle Internet Group’s (CRCL - Free Report) international expansion strengthened its position as a global fintech powerhouse. By expanding its footprint across Europe, Asia and Latin America, Circle has gained stronger access to regulated digital markets. By accelerating global USDC adoption, Circle positions itself for sustained growth and leadership in the rapidly evolving digital financial ecosystem.
Robinhood Markets’ (HOOD - Free Report) international expansion enables it to tap into rising global retail investing demand. By establishing operations in the United Kingdom and Asia, Robinhood broadens revenue streams and reduces reliance on U.S. markets. With strategic acquisitions and regional hubs, Robinhood is well-positioned for sustained growth and a stronger presence in the global fintech landscape.
COIN’s Price PerformanceShares of COIN have lost 30.3% in the year-to-date period, underperforming the industry.
Image Source: Zacks Investment Research
COIN’s Expensive ValuationCOIN trades at a price-to-earnings ratio of 51.72, significantly above the industry average of 9.6.
Image Source: Zacks Investment Research
Estimate Movement for COINThe Zacks Consensus Estimate for COIN’s second-quarter 2026 earnings per share (EPS) witnessed no movement in the last 30 days. While the consensus estimate for full-year 2026 EPS has witnessed no movement in the last 30 days, the same for 2027 has moved south in the same time frame.
U.S. lawmakers are considering how to curb the growing adoption of Chinese AI models by homegrown companies, as geopolitical tensions surrounding the rollout of artificial intelligence ramp up.
AI has emerged as a key point of rivalry between the U.S. and China, with both nations vying for supremacy in the field.
Chinese models are gaining traction among U.S. firms as they close the performance gap with American rivals while being cheaper to use.
In April, the Trump administration accused Chinese entities of waging "industrial-scale campaigns" to rip off U.S. AI systems, and said it will explore ways to hold foreign actors accountable. Beijing is looking at curbing overseas access to China's leading AI models, Reuters reported on Tuesday.
Rising adoption of China-built AI models has led to growing calls from U.S. lawmakers for strategies to combat the trend, including via an ongoing investigation from two U.S. House Committees.
"The growing use of Chinese AI models by U.S. companies raises serious concerns," a State Department spokesperson told CNBC. Those "AI models are designed to advance Beijing's narratives, censor dissent, and reflect CCP ideology and values."
A spokesperson for the U.K. embassy of the People's Republic of China said the country "opposes baseless allegations and malicious smears against its AI development." They added that "China's thriving AI sector is built on self-reliance and strength in science and technology."
Rising adoptionThe House Committee on Homeland Security and the House Select Committee on China said in April they will jointly investigate the growing adoption of Chinese-developed AI models. An initial step in the probe was for the chairmen of those committees to send letters to Cursor and Airbnb, over their "use of or exposure to these risks" through AI developed in China.
"The Chinese Communist Party is no longer just nipping at our heels in artificial intelligence; it is racing to close the gap in some of the exact capabilities that will shape the future of cybersecurity," Andrew Garbarino, chairman of the U.S. House Committee on Homeland Security, told CNBC.
"Recent reporting that a Chinese open-weight model can match leading U.S. models in certain vulnerability discovery and cybersecurity tasks is highly alarming," said Garbarino.
While some government departments have banned the usage of Chinese AI models including DeepSeek, adoption of them by U.S. companies is not prohibited. Tech chiefs, including crypto company Coinbase's Brian Armstrong and AI startup Lindy's Flo Crivello, have been publicly touting the use of models from China to reduce costs.
Cursor, which will be acquired by Elon Musk's SpaceX for $60 billion, built its Composer 2 model using Chinese AI model Kimi, which was developed by Moonshot AI. The company declined to comment on the probe when approached by CNBC.
Airbnb told CNBC that its "AI activity runs overwhelmingly on U.S.-origin models." The company added that it uses a "limited number of China-origin models, all of which are open-source and run only through approved U.S.-based service providers, keeping data and operations separate and protected."
Tackling adoptionAlongside focusing on the rise of Chinese AI models, the ongoing joint House Committees' investigation is also looking into whether the U.S. is doing enough to tackle their rise.
"The Committees are also examining whether the United States has a sufficient open-weight AI strategy to ensure American companies and cyber defenders are not forced to choose between expensive or restricted U.S. models and cheap, capable PRC-developed alternatives," a Committee aide, who asked not to be named as they were not authorized to discuss the ongoing probe, told CNBC.
Andy Ogles, chairman of the Subcommittee on Cybersecurity and Infrastructure Protection, has called for a "serious strategy" to ensure American models are a "real alternative" to those from China.
"When the cheap, capable, easy option for an AI model is Chinese, the rest of the world will build on it," Ogles said in June.
"If we do nothing, Chinese models become the default foundation of the global digital economy, carrying embedded censorship, uncertain security, and capabilities distilled from our own laboratories with the safety guardrails stripped out," he added.
watch now
The administration could consider the use of federal procurement bans, which would include restricting government agencies and private companies that serve the U.S. government from using Chinese AI models, Kyle Chan, fellow in the John L. Thornton China Center at think tank Brookings, told CNBC.
"However, it's ultimately impossible to ban China's open-source AI models because their model weights are available freely on the internet," Chan added. "This could enter into first amendment speech issues."
While the Trump administration is "clearly worried" about the risks from American companies' adoption of Chinese AI models, restricting their use is going to be difficult, Daniel Remler, senior fellow, technology and national security program at think tank the Center for a New American Security (CNAS), told CNBC.
Alongside potential first amendment protections, Remler said the administration may be worried that "action against the Chinese models could harm start-ups that use these models, or chill support for open models generally."
One approach could be procurement requirements that discourage companies that want to do business with the government from using Chinese AI models, he added. Another could be disseminating findings about risks and vulnerabilities associated with Chinese AI models to U.S. companies.
"Regardless, I do expect both the Executive Branch and Congress to communicate their interest not to see U.S. companies adopting these models," Remler said.
Visa (NYSE:V | V Price Prediction) and Coinbase (NASDAQ:COIN) both move money for a living, yet their latest quarters read like reports from different economies.
Visa printed a 15% year-over-year net revenue jump on resilient holiday spending. Coinbase absorbed a 30.54% revenue decline as crypto volumes cratered. Same industry label, very different quarters.
Card Swipes Keep Humming. Crypto Trading Stalled. Visa’s fiscal Q1 (reported January 29, 2026) leaned on the everyday plumbing: 69.4 billion processed transactions, up 9%, and cross-border volume ex-intra-Europe up 11%. Data Processing revenue rose 17% to $5.54B, which tells you the network is scaling faster than card issuance alone.
CEO Ryan McInerney credited “resilient consumer spending and a strong holiday season” and framed the company as a “payments hyperscaler.” BEA data backs him up: total PCE climbed to $22,059.8B in May 2026, with gasoline alone jumping to $552.8B from $422.3B in February. More fill-ups mean more swipes.
Coinbase’s Q1 (reported May 7, 2026) was the other side of the coin. GAAP EPS came in at -$1.49 against a $0.04 estimate, dragged down by $482.40 million in mark-to-market losses on crypto held for investment. Transaction revenue slid to $755.80 million, down 23% quarter over quarter.
Bright spots existed: stablecoin revenue reached $305 million, USDC market cap hit an all-time high near $80B in March, and adjusted EBITDA stayed positive for a 13th consecutive quarter at $303.30 million. Brian Armstrong still had to announce a 14% headcount cut targeting roughly $500 million in annualized savings.
Hyperscaler Utility vs. Everything Exchange Lens Visa Coinbase Core Bet Value-added services, tokenization, stablecoin rails Everything Exchange (crypto, derivatives, prediction markets, FX) Q1 Revenue Trend +14.6% YoY -30.54% YoY Beta 0.754 3.351 Forward P/E 24x 122x Both companies now talk about stablecoins as a strategic pillar. Visa treats them as another rail bolted onto its network. Coinbase co-owns USDC and captures roughly half its economics, with over 25% of circulating USDC held inside Coinbase products.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Visa didn't make the cut. Grab the names FREE today.
Armstrong’s x402 payments protocol has processed 100M+ payments, mostly powering agentic commerce on Base. Visa’s capital return machine keeps grinding: 11M shares repurchased at an average $342.13 for $3.8B, plus a raised dividend.
The Next Test Is Whether Crypto Volumes Come Back For Visa, I want to see cross-border growth hold through summer travel and whether the litigation provision ($707M interchange charge) stays a one-off. Shares are already at their 52-week high of $362.13 after a 14.12% one-month move.
For Coinbase, prediction markets peg an 86.5% probability of reclaiming $175 by month-end, but the stock is still down 26.82% year-to-date. Q2 subscription and services guidance of $565 to $645 million will tell us if USDC and Base can carry the model when trading dries up.
Where The Risk/Reward Sits Now Personally, I find Visa the more comfortable position after this earnings pair. A 67.3% operating margin and a beta under one is boring in the best way, and the analyst target sits at $398.70.
Coinbase interests me more as an options-like bet on stablecoin adoption and the $3T stablecoin market forecast by 2030. Coinbase offers turnaround leverage tied to a 53.31% one-year drawdown, while Visa profiles as the steadier toll-booth model. At Visa’s current price, the setup skews toward accumulation on pullbacks rather than breakout entries.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Visa didn't make the cut. Grab the names FREE today.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in COIN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Coinbase Global, Inc. (COIN - Free Report) closed the most recent trading day at $168.87, moving +2.05% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.12%.
The stock of company has risen by 8.58% in the past month, leading the Finance sector's gain of 5.36% and the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of Coinbase Global, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $0.31, up 158.33% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.36 billion, showing a 9.27% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.74 per share and a revenue of $5.95 billion, indicating changes of -56.82% and -17.13%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Coinbase Global, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.91% decrease. As of now, Coinbase Global, Inc. holds a Zacks Rank of #3 (Hold).
Investors should also note Coinbase Global, Inc.'s current valuation metrics, including its Forward P/E ratio of 95.18. For comparison, its industry has an average Forward P/E of 11.13, which means Coinbase Global, Inc. is trading at a premium to the group.
We can also see that COIN currently has a PEG ratio of 5.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Miscellaneous Services industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 100, placing it within the top 41% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Our Coinbase (NASDAQ:COIN | COIN Price Prediction) call is unabashedly constructive. Shares have been battered in 2026, but the setup into the back half of the year looks compelling if crypto volumes normalize and the cost-out plan sticks.
The 24/7 Wall St. price target for Coinbase is $360.19 over the next 12 months, implying 117.66% upside from $165.48. Our recommendation is buy, with a confidence level of 90%. That is a high-conviction call on a high-beta stock.
24/7 Wall St. Price Target Summary Metric Value Current Price $165.48 24/7 Wall St. Price Target $360.19 Upside 117.66% Recommendation BUY Confidence Level 90% A Brutal Year, With a Turn Off the Lows Coinbase has been a punishing hold. The stock is down 53.31% over the past year and 26.82% year to date, retracing from a 52-week high of $444.64 to a 52-week low of $139.18. Momentum is finally turning: shares are up 16.11% in the past week.
Q1 2026, reported May 7, was the flashpoint. Revenue fell to $1.413 billion, a 30.54% YoY drop, missing consensus. GAAP EPS came in at -$1.49, hammered by $482.4 million in losses on crypto assets held for investment.
Adjusted EBITDA, however, stayed positive at $303.3 million, the 13th consecutive positive quarter. Management announced a 14% headcount reduction targeting $500 million in annualized savings.
Why Bulls See a Breakout Ahead The bull case rests on Coinbase’s “Everything Exchange” expansion into equities, prediction markets, commodities, and FX, alongside the stablecoin franchise. USDC market cap reached an $80 billion all-time high in March 2026, and management sees stablecoins growing from ~$300 billion to $3 trillion by 2030.
Prediction markets are already annualizing $100 million+ in their first two months. Analysts back the setup, with a consensus target of $229.40 and 21 buy ratings against three sells. Our bull-case scenario points to $439.81 over 12 months if volumes reaccelerate and cost cuts flow through.
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The Risks Worth Watching Crypto cyclicality is the central risk. Total crypto market cap and trading volumes fell 20%+ QoQ in Q1 2026, and transaction revenue dropped 23% sequentially. The forward P/E of 118x leaves no margin for another volume air-pocket. Prediction markets currently place the highest probability on $175 for July 2026, well below our target.
Insider activity has also skewed toward net selling across 90 recent transactions. In counterfactual defense, bulls would argue those GAAP losses reflect mark-to-market noise on strategic crypto holdings. Adjusted EBITDA and $10.2 billion in cash speak to underlying resilience. Our bear-case scenario still lands at $289.71.
Coinbase Price Prediction 2026-2030 The 24/7 Wall St. price target of $360.19 and buy rating carry a 90% confidence score. The key factor tipping the scale is the combination of a cleaned-up cost base, resilient subscription and services revenue at 44% of net revenue, and a stablecoin engine that keeps growing regardless of trading volumes.
The setup rewards investors who can stomach a beta of 3.32 and want optionality on a crypto reacceleration into 2027. The picture looks less favorable if crypto volumes keep contracting through year-end or if regulatory friction escalates.
Looking further ahead, here is where our model projects Coinbase could trade, assuming current growth trajectories and market conditions hold.
Year 24/7 Wall St. Price Target 2026 $360.19 2027 $540 2028 $780 2029 $1,080 2030 $1,399.78 These projections assume Coinbase continues executing on its Everything Exchange strategy and stablecoin scaling. Significant upside or downside could result from a full crypto cycle turn, tokenized RWA adoption, or a regulatory reversal.
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Bill Miller ran Legg Mason Value Trust and beat the S&P 500 for 15 consecutive years, setting the standard for concentrated, contrarian, deep-value investing. His playbook: buy misunderstood businesses at a discount to intrinsic value, hold through cycles, and size up when others panic. Miller was early on Amazon during the dot-com bust, backed financials during the crisis, and became a prominent Wall Street voice on Bitcoin. The through-line is this: high-conviction bets on cash-generative businesses the market has temporarily mispriced.
Retirement investors can borrow the discipline without copying the risk profile. What matters is dividend reliability, business durability, and volatility that will not derail a withdrawal plan. Below, we rank three Miller-flavored names, from least to most appropriate for a retirement portfolio.
3. Norwegian Cruise Line Norwegian Cruise Line (NYSE:NCLH | NCLH Price Prediction) is the classic deep-cyclical recovery play Miller would recognize instantly, and precisely the type of stock a retiree should approach with caution. The shares trade near $19.78, down 11.4% year to date and 51.8% over a decade. There is no dividend, ruling it out as an income holding.
Q1 2026 reported May 4, 2026, with adjusted EPS of $0.23 against a $0.1426 estimate and revenue of $2.331 billion. Occupancy ran at 103.8%. New CEO John W. Chidsey, who took the helm in February 2026, cut full-year adjusted EPS guidance to $1.45 to $1.79 from $2.38, citing Middle East disruptions and softer European demand. Net leverage of 5.3x on $15.2 billion of debt, plus euro-denominated exposure, makes this a leveraged bet on discretionary spending. The turnaround thesis is a poor fit for capital a retiree cannot afford to lose.
2. Coinbase Global Coinbase Global (NASDAQ:COIN) is the crypto proxy Miller would have flagged as an asymmetric long-duration bet. Shares last traded at $165.48, down 26.8% year to date and 53.3% over the past year. Beta is 3.32, forward P/E is 118x, and there is no dividend.
Q1 2026 GAAP EPS came in at −$1.49 against a $0.04 consensus, with revenue of $1.413 billion and a $394.1 million net loss driven by $482.4 million in mark-to-market losses on crypto holdings. Miller-style optionality is present, as adjusted EBITDA stayed positive at $303.3 million, a 14% headcount cut targets $500 million in annualized savings, cash sits at $10 billion, and $2.1 billion in buyback authorization remains. CEO Brian Armstrong argues that “As regulatory clarity emerges, we believe crypto will update all financial services.” For a retirement portfolio, the volatility is the defining risk.
The same investor newsletter that told subscribers to buy Amazon in 2002, Netflix in 2004, and Nvidia in 2005 still publishes two new stock picks every month. Over 23 years, Motley Fool's Stock Advisor has more than quadrupled the S&P 500. New members get this month's picks, the Top 10 Rankings, and a 30-day money-back guarantee. Click here to unlock their next top stocks while new members are still being accepted.
1. OneMain OneMain (NYSE:OMF) is the closest fit to what a retiree needs from a Miller-style value name: a cash-generative, out-of-favor lender with a real income profile. Shares trade at $59.50, up fractionally over the past year but up 158.4% over 10 years. The trailing P/E is 9, forward P/E 8, and the dividend yield is 7.1%.
Q1 2026 EPS came in at $1.95 versus $1.89 expected, on revenue of $1.6 billion. Net income rose to $226 million, and managed receivables grew to $26.10 billion. Capital return is tangible: a $1.05 quarterly dividend declared May 1, 2026, and $105 million in Q1 buybacks. Full-year 2025 capital generation guidance reached $913 million.
The risks are genuine and cyclical. The net charge-off ratio ticked up to 8.02%, principal debt is $22.7 billion, and OneMain lends into the nonprime consumer, so a hard recession would pressure credit. Investors should monitor delinquency trends and the trajectory of the payout ratio.
The Takeaway Miller’s philosophy is useful, but a famous investor’s style does not equal safe for retirement. Ranking on income reliability, business durability, and volatility, OneMain earns the top slot with a 7.1% yield, single-digit multiple, consistent EPS beats, and a dividend record spanning $0.25 to $1.05 quarterly over seven years. Coinbase offers the largest optionality but the worst volatility profile for a retiree. Norwegian remains a leverage-and-cycle story that pays no income while management works to rebuild credibility.
If You'd Bought Amazon When the Motley Fool Said To…In September 2002, Stock Advisor told subscribers to buy Amazon. In December 2004, Netflix. In April 2005, Nvidia. The newsletter still publishes two new stock picks every month — and over 23 years, has more than quadrupled the S&P 500. Here's how to get this month's picks:
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Key Takeaways Open USD launches with 140 partners to support enterprise stablecoin payments and shared governance.Visa joins Open USD as stablecoins gain momentum in cross-border and commercial payments.Coinbase could benefit as enterprise stablecoin use drives demand for custody and blockchain services. Open USD, a new stablecoin backed by more than 140 global partners, represents a notable development in the evolution of digital payments. Visa Inc. (V - Free Report) , Mastercard Incorporated (MA - Free Report) , American Express Company (AXP - Free Report) and Coinbase Global, Inc. (COIN - Free Report) are among the founding participants, alongside companies such as Stripe, BlackRock, Google and Standard Chartered. Developed by Open Standard, Open USD is expected to go live later this year. It aims to solve several long-standing challenges surrounding enterprise stablecoin adoption by offering free minting and redemption, no artificial volume limits and a collaborative governance model that aligns the interests of participating businesses.
Why the Payments Industry Is Paying AttentionStablecoins are rapidly evolving from crypto trading tools into mainstream financial infrastructure. Businesses are increasingly exploring them for cross-border payments, treasury operations, merchant settlements and business-to-business transactions, where speed, lower costs and round-the-clock settlement offer clear advantages over traditional payment systems.
The growth outlook is equally compelling. According to Bloomberg Intelligence, global stablecoin payment flows could reach $56.6 trillion by 2030, reflecting rising institutional adoption and the expanding use of tokenized money across industries. Meanwhile, FXC Intelligence estimates the total addressable market for wholesale and retail cross-border payments will reach $320.2 trillion by 2032, underscoring the enormous opportunity for next-generation payment infrastructure.
The launch of Open USD also comes at a favorable time for the stablecoin industry. In July 2025, U.S. President Donald Trump signed the GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act, which established the first comprehensive federal framework for payment stablecoins in the United States. By providing clearer rules around reserves, issuer oversight and consumer protections, the legislation has encouraged greater institutional participation and accelerated efforts by banks, payment networks and fintech companies to integrate stablecoins into mainstream financial services.
Unlike many existing stablecoins, Open USD has been designed with enterprise users in mind. Companies can mint and redeem tokens without fees or volume restrictions, while participating partners receive the earnings generated from the underlying reserves after a small management fee. Its partner-led governance structure, managed by Open Standard, also sets it apart from issuer-controlled models by giving participants a greater voice in shaping the network's future. The combination of shared economics and open governance could encourage broader adoption among financial institutions, payment providers and global businesses.
What It Means for Payment LeadersReflecting broader industry trends, Visa and Mastercard’s participation in Open USD complements years of investment in blockchain technology, tokenization and stablecoin settlement. Rather than replacing their card networks, stablecoins represent an additional payment rail that can support new transaction flows, particularly in cross-border and commercial payments. As enterprise adoption accelerates, both companies could benefit from higher transaction volumes and increased demand for value-added services such as digital payment infrastructure, tokenization, settlement solutions and fraud management. Their participation also reinforces a broader strategy of ensuring their networks remain relevant regardless of how consumers and businesses choose to move money.
American Express is also positioning itself for the next phase of payments innovation. Joining Open USD gives the company an opportunity to explore stablecoin-based solutions for commercial payments, treasury management and global money movement. Meanwhile, Coinbase stands to benefit from greater enterprise adoption of stablecoins through increased demand for custody, wallets, blockchain infrastructure and on-chain payment services, further strengthening its role as a bridge between traditional finance and blockchain-based payments.
V currently has a Zacks Rank #2 (Buy), while MA, AXP and COIN carry a Zacks Rank #3 (Hold) each. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Bigger PictureOpen USD enters a competitive market dominated by established stablecoins, but its extensive coalition of banks, payment companies, fintech firms, technology leaders and crypto platforms suggests the industry is moving toward a more collaborative approach to digital money. Rather than challenging traditional payment networks, enterprise stablecoins are increasingly being viewed as complementary infrastructure that can improve speed, efficiency and interoperability across the global financial system.
If Open USD delivers on its promise of low-cost settlement, shared economics and partner-led governance, it could accelerate enterprise adoption of stablecoins and reshape how businesses move money across borders. The launch is another reminder that the future of payments is unlikely to be defined by cards or blockchain alone. Instead, the next generation of global commerce will likely combine the scale and trust of traditional payment networks with the efficiency and programmability of blockchain technology.
CNBC’s Deirdre Bosa explained a counterintuitive thesis on the AI cold war in a recent CNBC segment. Paradoxically, she argued that U.S. efforts to wall off access to the most advanced American AI models could unintentionally accelerate China’s rise in AI. The concern is that policies designed to protect America’s lead may instead encourage developers around the world to build on Chinese open-source models.
How U.S. Restrictions Could Backfire “America is slowing just as China is speeding up,” Bosa argues, with Chinese labs now pushing toward the capability frontier itself, beyond cost-based competition. According to the segment, limiting customer access to OpenAI’s and Anthropic’s most powerful models has given Chinese labs an opening, and developers have responded. Bosa notes that a number of U.S. companies, including Coinbase (NASDAQ:COIN | COIN Price Prediction), Airbnb (NASDAQ:ABNB), and Shopify (NASDAQ:SHOP), have shifted at least some workloads to open-source Chinese models.
She also points to capability parity in sensitive domains. Chinese labs have matched U.S. capabilities in areas like cybersecurity, with Bosa referencing a bug-finding tool from Chinese company 360 Security as comparable to leading U.S. equivalents. If accurate, that closes a gap many U.S. policymakers assumed export controls would keep open.
Why Open Source Could Decide the AI Race The systemic risk Bosa describes is that if Chinese open-source models become the default foundation the way Android became the default mobile operating system, China could gain influence over the standards, defaults, and rules of the next AI stack, as well as end users. Then, these models have the potential to build switching costs as developers fine-tune the model family.
Bosa notes that China treats open-source AI dominance as a strategic national ambition, while U.S. frontier labs like OpenAI and Anthropic depend on charging for API access and usage. Open source is hard to monetize, which is precisely why state-backed strategies can sustain it longer than venture-funded ones can.
How the U.S. Is Responding Bosa mentions NVIDIA (NASDAQ:NVDA) and Reflection AI pursuing open-source strategies to counter Chinese models, an acknowledgment that at least parts of the U.S. ecosystem are responding to the same dynamic she describes.
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That response is happening against a hardening export-control backdrop. NVIDIA’s AI chip sales in China are struggling under U.S. export controls and China’s push for self-sufficiency, with local chipmakers including Huawei taking market share, and Chinese companies are actively collaborating with Huawei to adapt AI models to domestic hardware.
Taiwanese authorities have raided Super Micro (NASDAQ:SMCI) offices in an expanding probe over alleged smuggling of Nvidia chips to China, signaling that enforcement is intensifying alongside rule-making. Analysts at The National Interest have argued that export controls are dividing the global compute ecosystem into rival blocs, with Taiwan’s alignment behind U.S. restrictions a pivotal moment.
On the demand side, U.S. policy is leaning in hard. The Department of War’s FY 2027 budget request earmarks $58.5 billion for AI and Combined Joint All-Domain Command and Control, including $46.0 billion in a multi-year mandatory investment in a sovereign AI Arsenal, framed around the directive that “it is the policy of the United States to sustain and enhance America’s global AI dominance.”
The Policy Dilemma Bosa frames her takeaway as a genuine dilemma. Tight controls protect near-term national security interests related to weapons-relevant compute and sensitive model capabilities. The same controls may push global developers toward Chinese open-source alternatives that the U.S. cannot influence once entrenched. Investors watching the AI supply chain, from foundries to model providers to the application layer, should treat the open-source standards battle as a parallel front to the chip war, with a longer time horizon and arguably higher stakes for who writes the rules of the next platform.
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Coinbase Global, Inc. (COIN - Free Report) ended the recent trading session at $151.65, demonstrating a +1.74% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.18%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 2.07%.
Heading into today, shares of the company had lost 21.15% over the past month, lagging the Finance sector's gain of 1.96% and the S&P 500's loss of 2.9%.
The upcoming earnings release of Coinbase Global, Inc. will be of great interest to investors. In that report, analysts expect Coinbase Global, Inc. to post earnings of $0.31 per share. This would mark year-over-year growth of 158.33%. Simultaneously, our latest consensus estimate expects the revenue to be $1.38 billion, showing a 7.59% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.74 per share and a revenue of $6.06 billion, indicating changes of -56.82% and -15.59%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Coinbase Global, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.96% lower. As of now, Coinbase Global, Inc. holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Coinbase Global, Inc. is currently exchanging hands at a Forward P/E ratio of 85.74. This valuation marks a premium compared to its industry average Forward P/E of 10.85.
It is also worth noting that COIN currently has a PEG ratio of 5.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Financial - Miscellaneous Services industry held an average PEG ratio of 1.02.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Coinbase Global, Inc. (COIN - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this company have returned -21.2% over the past month versus the Zacks S&P 500 composite's -2.9% change. The Zacks Financial - Miscellaneous Services industry, to which Coinbase Global belongs, has lost 3.5% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Coinbase Global is expected to post earnings of $0.31 per share, indicating a change of +158.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -23% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $1.74 points to a change of -56.8% from the prior year. Over the last 30 days, this estimate has changed -9%.
For the next fiscal year, the consensus earnings estimate of $4.53 indicates a change of +160.6% from what Coinbase Global is expected to report a year ago. Over the past month, the estimate has changed +2.6%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Coinbase Global is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Coinbase Global, the consensus sales estimate of $1.38 billion for the current quarter points to a year-over-year change of -7.6%. The $6.06 billion and $7.22 billion estimates for the current and next fiscal years indicate changes of -15.6% and +19.1%, respectively.
Last Reported Results and Surprise HistoryCoinbase Global reported revenues of $1.41 billion in the last reported quarter, representing a year-over-year change of -30.5%. EPS of -$0.17 for the same period compares with $1.94 a year ago.
Compared to the Zacks Consensus Estimate of $1.5 billion, the reported revenues represent a surprise of -5.61%. The EPS surprise was -147.22%.
Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates just once over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Coinbase Global is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Coinbase Global. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Brian Armstrong outlined how he's planning to keep AI spending at Coinbase low. Bloomberg/Getty Images Coinbase's CEO wants his engineers to keep tokenmaxxing — while keeping AI costs down.
In an X post on Friday, CEO Brian Armstrong outlined five ways in which the crypto exchange is keeping AI costs low.
The first of his five strategies was selecting better default LLMs — the models most engineers use by default when submitting prompts. He said Coinbase was experimenting with Chinese LLMs as defaults, which are significantly cheaper than models from frontier American AI labs like Anthropic and OpenAI.
"We're experimenting with defaulting to open weight models like GLM 5.2 and Kimi 2.7 through our LLM gateway, while still encouraging engineers to choose the right model for the task," Armstrong wrote.
GLM 5.2 and Kimi 2.7 are models developed by the Chinese AI labs Z.ai and Moonshot AI, respectively.
His second strategy, one he had spoken about earlier in June, is routing prompts to their most appropriate models based on their difficulty levels.
"For instance, you may want a frontier model for planning, but not for execution where they can be overkill," he wrote. "Ultimately, humans shouldn't be choosing models - AI can automate this task."
The third tip was to use better caching, a technique that reduces inference costs.
The fourth was to keep context lean, meaning starting new sessions when switching between tasks.
And his final strategy is to improve visibility into AI spending across the company. This means all his engineers can use as many tokens as they want, but they can see their usage. Coinbase will expect "more impact" from employees who spend more on AI.
Armstrong attached a graph at the end of his post tracking token usage and AI spend at the company over time, though the exact timeline was not specified. The graph shows that token usage has recently reached one of the highest levels in the company's history, while AI spending has fallen significantly, to nearly half its peak level.
"The goal isn't to suppress usage. It's to build the infrastructure that makes exponential growth sustainable," he wrote.
Armstrong's post comes less than two months after Coinbase laid off 14% of its staff, partly due to AI changing how people work.
"Over the past year, I've watched engineers use AI to ship in days what used to take a team weeks," Armstrong said in a post in May, adding that, "the pace of what's possible with a small, focused team has changed dramatically."
His strategy to reduce AI costs falls in line with the industry, which has moved on from the short-lived tokenmaxxing trend in favor of imposing usage caps on employees to curb rampant token consumption.
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The stablecoin ecosystem experienced massive growth in the last year, with the market capitalization of this segment of the crypto space climbing by about 50% from early 2025 to early 2026. At the same time, increased institutional participation and transaction volumes have helped to solidify tokens like Tether and USDC as essential parts of the financial ecosystem.
For investors, the benefits of stablecoins—including capital preservation, easy global transfers, yield opportunities, and more—may be available through direct investments in the coins themselves, through crypto exchange-traded funds (ETFs), and even via unorthodox methods like tokenized Treasury products or venture capital. But there is also a growing number of publicly traded companies that benefit as stablecoins continue to grow, and the stocks below may be a good place to start.
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A Strong Pure-Play Stablecoin Play With Excellent Growth ProspectsCircle Internet Group NYSE: CRCL is one of the most important companies in the stablecoin environment, providing a platform as well as network and infrastructure that are deeply linked to the space. As the issuer of USDC, one of the largest stablecoins by market cap, Circle may be the easiest pure-play stablecoin investment for investors looking to target a publicly traded company rather than the token itself.
Circle Internet Group Today
CRCL
Circle Internet Group
$73.54 +4.74 (+6.88%)
As of 06/26/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$49.90▼
$262.97Price Target$134.18
Even as Bitcoin has seen massive price fluctuations continue into 2026 (the price of the leading cryptocurrency has fallen by almost a third so far this year), USDC has managed to grow its market cap to about $74 billion.
Circulation for USDC was up 28% year-over-year (YOY) for the latest quarter. The token has been the beneficiary of rising transaction volumes in recent quarters as well—these were up 263% YOY according to Circle's last report.
Stability for USDC means strength for Circle, especially important given the volatility in the broader cryptocurrency world.
Circle has a dominant position in the rising stablecoin trend among credit card providers, representing about 63% of stablecoin commercial transactions for Visa Inc. NYSE: V last quarter. The company is also healthy in its profitability metrics: revenue and reserve income for Q1 2026 were up 20% YOY to $694 million, and adjusted EBITDA also improved by an even wider margin.
Analysts are fairly divided when it comes to CRCL shares, with 11 Buys, 11 Holds, and three Sell ratings. While share prices have been up and down along with the broader crypto market, investors may look for increasing stability as USDC adoption continues to expand. In the meantime, Wall Street expects an impressive 95% in upside potential for those willing to bear these fluctuations.
Major Crypto Exchange With a Growing Stablecoin RoleIf Circle represents a more direct means of accessing stablecoins through an issuer, Coinbase Global Inc. NASDAQ: COIN is somewhat more removed as a cryptocurrency exchange. The company behind one of the largest exchanges in the crypto industry has seen sizable share price declines this year, with a year-to-date (YTD) drop of about 36%. This is to be expected based on the challenges facing the broader crypto industry.
Coinbase Global Today
$149.06 +6.54 (+4.59%)
As of 06/26/2026 04:00 PM Eastern
52-Week Range$139.18▼
$444.64P/E Ratio56.04
Price Target$250.65
Part of the reason for COIN's struggle was the company's less-than-stellar Q1 2026 earnings report, which included quarterly net losses of $394 million alongside revenue that dropped sharply on a YOY basis.
However, the firm's crypto trading market share climbed to an all-time high during the quarter, helping to shore up Coinbase's position as the world's largest custodian of crypto assets.
When cryptocurrency prices rise again, Coinbase will be in an even stronger position than before the latest dip.
Coinbase's stablecoin business in particular is a highlight, with the average USDC held in Coinbase products reaching an all-time high of $19 billion in the first quarter of the year. The company holds about a quarter of all existing on-platform USDC. If crypto traders are looking to buy or sell a stablecoin, Coinbase is increasingly becoming the go-to option. Still, Coinbase stands to benefit even if users are not making active stablecoin trades. With the benefit of remittances, settlements, and other activity involving stablecoins, Coinbase can thrive based on custody fees and revenue-sharing arrangements, for instance.
Like CRCL, COIN shares are a mixed bag in terms of analyst ratings. Buy ratings total 18, compared with 15 total Sell and Hold ratings. The stock is also highly volatile, but an increasing role in the stablecoin industry may provide a more stable footing for COIN over time. Nonetheless, both of these stocks carry inherent risks, despite their potential given the growth of stablecoins.
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