10 Companies Hoarding Bitcoin Like There’s No Tomorrow

5. Coinbase Global, Inc. (NASDAQ:COIN)

Bitcoin Holdings: 9,363

Number of Hedge Fund Holders: 42

Coinbase Global, Inc. (NASDAQ:COIN) offers financial infrastructure and technology for the global crypto economy. It provides a primary account for consumers, a marketplace for institutional crypto transactions, and tools for developers to create crypto products and securely process payments. As of September 30, the company recorded $185 billion in volume traded and $273 billion in safeguarded assets.

According to the company’s CEO, Coinbase (NASDAQ:COIN) has supported pro-crypto legislation, notably the FIT 21 bill, and is investing in advocacy efforts like FairShake and Standwithcrypto.org, which aims to mobilize millions of crypto advocates. Coinbase plans to continue supporting these initiatives and expand its efforts, with a $25 million commitment to FairShake ahead of the 2026 midterms. This ongoing push for regulatory clarity is seen as essential to unlocking new sources of capital and innovation in the crypto space.

It is also focused on expanding crypto’s role in people’s daily lives beyond just trading. Key initiatives include the adoption of stablecoins for faster, cheaper global payments, smart wallets for easier onboarding, and the Base Layer 2 solution for efficient, low-cost transactions. These efforts aim to increase crypto’s accessibility and functionality, with the goal of reaching 1 billion users worldwide. As of September 30, the company holds 9,363 Bitcoin, 119,696 Ethereum, and other crypto assets valued at $341.259 million.