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Coinbase Global (COIN) Bitcoin Treasury Dashboard

Track COIN BTC holdings, mNAV, volume, volatility, price, and treasury analytics.

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Coinbase Global (COIN)
🇺🇸
#8
BitcoinQuant
BTC Price
Current price of Bitcoin
$65,915
COIN BTC Holdings
Bitcoins held on balance sheet
₿15,389
COIN mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
34.98x
COIN Stock Price
Latest stock price (in USD)
$175.85
COIN % from 52W High
Current price gap from 52-week high
-60%
COIN Enterprise Value
MCap + Debt + Pref - Cash
$35.5B
COIN Market Cap
Equity market value
$39.2B
COIN BTC NAV
Current value of BTC = holdings × BTC price
$1.0B
COIN MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
3867%
COIN BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.073%
COIN mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
38.67x
COIN 1W Return
Feb 20, 2026 ($171.35) → Mar 1, 2026 ($175.85)
+2.63%
COIN 1M Return
Jan 26, 2026 ($213.48) → Mar 1, 2026 ($175.85)
-17.63%
COIN 3M Return
Nov 26, 2025 ($264.97) → Mar 1, 2026 ($175.85)
-33.63%
COIN YTD Return
Dec 31, 2025 ($226.14) → Mar 1, 2026 ($175.85)
-22.24%
COIN 1Y Return
Feb 27, 2025 ($208.37) → Mar 1, 2026 ($175.85)
-15.61%
COIN 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
+5.67 p.p.
COIN 52W High
Highest price in the last 52 weeks (in USD)
$444.65
COIN Basic Shares
Estimated basic shares outstanding
223,041,278
COIN Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
COIN Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$1.62B
COIN Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$2.61B
COIN Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$7.9B
COIN Debt/BTC NAV
Debt as a % of BTC NAV
—
COIN BTC Rating
BTC NAV ÷ Total Debt
—
COIN Cash
Total cash and cash equivalents
$11.60B
COIN Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
97.0%
COIN Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
75.2%
COIN Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
—
COIN Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
COIN Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
COIN Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
COIN Put to Call
Ratio of put open interest to call open interest (put OI ÷ call OI). < 1.0 = more calls (bullish), > 1.0 = more puts (bearish)
—
COIN Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
COIN Short Interest (% Float)
% of tradable shares sold short
—
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About Coinbase Global's Bitcoin Treasury Strategy

Coinbase Global (COIN) ranks #8 globally among Bitcoin treasury companies, with 15,389 Bitcoin in its corporate treasury worth approximately $1.01B at current prices. This represents 0.073% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $175.85 per share with a market capitalization of $39.22B, Coinbase Global's stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 34.98x. Bitcoin holdings represent 3% of the company's market cap, underscoring Bitcoin's central role in Coinbase Global's balance sheet strategy.

Recent stock performance shows +2.63% over the past week, -17.63% over the past month, -22.24% year-to-date, and -15.61% over the past year. Coinbase Global currently trades -60.45% from its 52-week high. The stock averages $2.61B in daily trading volume over the past 30 days, with 30-day volatility at 97.0%.

Coinbase Global's Bitcoin treasury strategy is led by Brian Armstrong (CEO).

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Bitcoin Preferred Equity

Preferred Equity Dashboard (STRC, STRD, STRF, STRK, SATA)

Coinbase Global (COIN) Bitcoin Treasury Detailed Analysis

Bitcoin Exposure & Holdings

Coinbase Global (COIN) currently holds 15,389 Bitcoin in its corporate treasury. This represents 0.073% of the total 21 million Bitcoin that will ever exist.

At a current Bitcoin price of $65,973.00, Coinbase Global's Bitcoin holdings are worth approximately $1.02 billion, which represents the company's Bitcoin NAV (Net Asset Value).

Coinbase Global's total cost basis for its Bitcoin holdings is $1.08 billion, putting the company at a -5.92% unrealized loss on its Bitcoin position.

Coinbase Global held 6,885 Bitcoin on January 1st, 2024. Since then, Coinbase Global has been acquiring an average of 20.06 BTC per day, representing +123.51% growth in Bitcoin holdings since then.

Valuation Metrics & Market Capitalization

Coinbase Global (COIN) stock price currently trades at $175.85 per share.

With a market capitalization of $47.42 billion, Coinbase Global ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, Coinbase Global's mNAV is 34.95x, meaning the market values the company's total capital structure at 34.95x times its underlying Bitcoin holdings.

On a Market Cap basis, Coinbase Global's mNAV is 38.63x relative to Bitcoin NAV.

Bitcoin holdings represent 2.1% of Coinbase Global's total market capitalization, underscoring Bitcoin's central role in the company's balance sheet strategy.

Coinbase Global's Enterprise Value is $35.48 billion, calculated as Market Cap plus Debt plus Preferred Stock minus Cash.

Financial Health & Balance Sheet

Coinbase Global has total outstanding debt of $7.86 billion, representing a debt-to-Bitcoin NAV ratio of 7.74x.

The BTC Rating for Coinbase Global is 0.13x (Bitcoin NAV ÷ Total Debt), indicating 0.13x coverage of total debt by Bitcoin holdings.

In cash and cash equivalents, Coinbase Global holds $11.60 billion.

Coinbase Global reported total revenue of $6.88 billion and operating cash flow of $2.43 billion.

Trading Volume & Risk Metrics

In the most recent trading session, COIN recorded $1.62 billion in dollar volume.

Over the past 30 days, COIN has averaged $2.61 billion in daily trading volume.

Coinbase Global's 30-day historical volatility is 97.0%.

Over the past calendar year, COIN's historical volatility is 75.2%.

Coinbase Global's beta is 3.70x.

Short interest for COIN represents 13.5% of tradable shares.

Coinbase Global's 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is 86.5%, measuring how closely the stock tracks spot Bitcoin exposure.

COIN currently trades -60.45% from its 52-week high.

Options Market & Trading Activity

Implied volatility from the options market for COIN is 60.9%.

Total open interest for COIN options is $22.26 billion. Put open interest totals $9.57 billion and call open interest totals $12.69 billion.

The put-to-call ratio for Coinbase Global is 0.75x.

Weighted by open interest, the average duration for COIN options is 145.9 days to expiration.

Bitcoin Strategy Leadership

Coinbase Global's Bitcoin treasury strategy is led by Brian Armstrong (CEO).

Coinbase Global Bitcoin Treasury Data & Analysis on BitcoinQuant

The interactive Coinbase Global Bitcoin treasury chart above provides a comprehensive visualization of the company's Bitcoin treasury performance over time, allowing investors to track BTC holdings, acquisition rates, and valuation metrics.

All of the data on this page — including Coinbase Global's Bitcoin NAV, mNAV, BTC Rating, cost basis, and options activity — is calculated in real time and updated continuously on BitcoinQuant. By analyzing these treasury metrics alongside historical acquisition data and market performance, investors can gain insights into Coinbase Global's Bitcoin accumulation strategy and compare it against other Bitcoin treasury companies tracked across the BitcoinQuant platform.

BitcoinQuant tracks the full universe of public companies holding Bitcoin, providing real-time analytics on holdings, valuations, financial health, trading activity, and risk metrics across every Bitcoin treasury stock in the market.

Data as of: 03/01/2026, 6:12 PM ET

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