Updated: 2026-05-09
- In the first quarter of 2026, Coinbase added 1103 BTC to its balance.
- As a result, the crypto exchange increased its Bitcoin-reserve up to 16,492 BTC.
In the first quarter of 2026, crypto exchange Coinbase replenished his Bitcoin- a reserve of another 1,103 coins, paying almost $88 million for them. After this acquisition, the company’s accounts hold 16,492 BTC, which are now valued at $1,3 billion.
With this acquisition, Coinbase joins a growing list of public companies that hold bitcoin on their balance sheets as part of their treasury management strategies. Strategy, led by Michael Saylor, remains by far the largest corporate holder of the flagship cryptocurrency.
US-based exchange Coinbase already acts as a custodian for a significant portion of institutional Bitcoin holders in the US, providing custody services related to spot exchange trading. Bitcoin-funds.
Coinbase announced the acquisition, along with several operational and financial updates, during its Q1 2026 earnings call.
The earnings report was released on the same day as the US crypto exchange there were interruptions services related to a major outage at Amazon Web Services (AWS). The incident temporarily impacted the platform’s operations.
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