Cryptocurrency exchange Coinbase expanded its corporate Bitcoin treasury by 2,509 tokens during the second quarter of 2025, Chief Executive Officer Brian Armstrong said in a post on 31 July. The purchase lifted Coinbase’s total Bitcoin holdings to 11,776 BTC as of 30 June, the company disclosed. Coinbase put its aggregate cost basis at roughly $740 million, with the stash valued at about $1.26 billion at prevailing market prices. Armstrong said the company remains "long bitcoin" and plans to continue accumulating the cryptocurrency, underscoring Coinbase’s strategy of holding digital assets on its balance sheet alongside cash.