Key Highlights
Why are Coinbase and Strategy’s earnings significant for Bitcoin investors?
Both companies are increasing their BTC holdings, indicating strong institutional confidence even as prices experience a decline.
Could this trend impact Bitcoin’s future trajectory?
Continued accumulation on balance sheets may stabilize BTC’s price in the $105K–$110K range and prompt a recovery if demand remains steady.
Coinbase and Strategy Inc. [formerly MicroStrategy] have reported robust Q3 2025 earnings. These reports suggest a deepening trend of institutional Bitcoin accumulation despite the asset’s current trading price near $107,000.
Coinbase’s Strategic Moves
Coinbase announced $1.8 billion in revenue and $433 million in net income, marking its strongest quarter since 2021.
CEO Brian Armstrong confirmed the company’s growing exposure, stating, “Coinbase is bullish on Bitcoin. Our holdings increased by 2,772 BTC in Q3 — and we continue to add more.”
Source: X
Data from Bitcoin Treasuries reveals that Coinbase now holds 14,548 BTC, ranking it as the ninth-largest holder.
The exchange’s revenue from stablecoins surged to $355 million, while its derivatives trading volume exceeded $840 billion, positioning Coinbase as the leading U.S. exchange offering 24/7 perpetual contracts. Its assets under custody have reached $300 billion.
Strategy’s Bitcoin Success Story
Strategy Inc. reported $2.8 billion in quarterly profit and $12.9 billion in unrealized BTC gains. The company now holds 640,808 BTC, valued at approximately $70.9 billion at current market rates.
It retains its position as the largest corporate BTC holder, according to data from Bitcoin Treasuries.
Strategy aims for a 30% annual BTC yield by the end of the year — a stark departure from conventional treasury practices, underscoring its commitment to Bitcoin as a primary reserve asset.
Deepening Institutional Accumulation
Reports from Coinbase and Strategy indicate that corporations are not simply endorsing ETFs; they are directly purchasing Bitcoin and expanding revenue streams tied to cryptocurrencies.
This trend aligns with the growth of the stablecoin market beyond $160 billion, record on-chain derivatives volumes, and an increase in corporate exposure to treasury assets.
Together, these developments underscore the expanding institutional framework surrounding Bitcoin.
Bitcoin’s Future Prospects
Bitcoin has experienced a modest 2% decline in the last 24 hours, settling at $107,585, despite institutional enthusiasm. On-chain data and exchange flows suggest ongoing accumulation within the $106K–$115K range.
Source: TradingView
A break above $110K could reinvigorate momentum if corporate inflows continue into November.
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