Coinbase's Bitcoin Holdings Overtake Elon Musk's Tesla
According to BTC data from Bitcointreasuries.net, Coinbase has overtaken Elon Musk’s Tesla as the 10th largest Bitcoin holder in the list of top public BTC treasury companies. The popular cryptocurrency exchange platform holds 11,776 BTC, valued at around $1.36 billion. Source: Bitcointreasuries.net Coinbase Long On Bitcoin, Will Elon Musk’s Tesla Follow? Source: bloomingbit.io According to an X post by Coinbase CEO Brian Armstrong, the company is long on BTC. Armstrong stated that Coinbase’s BTC holdings increased by 2509 BTC in Q2 of 2025. The CEP added that the company will keep buying more BTC in the future. The company seems to be making quite a profit with its BTC holdings. The total cost basis for the total BTC held is $740 million, while the fair value is $1.26 billion. Coinbase is long bitcoin. Our holding increased by 2,509 BTC in Q2, and we keep buying more. pic.twitter.com/ztx10X2YXV — Brian Armstrong (@brian_armstrong) July 31, 2025 Also Read: Coinba...