Coinbase's Massive Bitcoin Holdings and Diverse Crypto Portfolio

Coinbase's Bitcoin Holdings

Coinbase, a prominent U.S.-based crypto exchange, currently holds approximately 1 million Bitcoins, valued at over $25 billion. This substantial amount represents nearly 5% of Bitcoin's total supply, placing Coinbase alongside the reputed holdings of Bitcoin's founder, Satoshi Nakamoto. The circulating supply of Bitcoin stands at around 19.5 million, emphasizing the significance of Coinbase's holdings.

User Deposits and Cold Wallets

A majority of these Bitcoins belong to Coinbase users, distributed across approximately 36 million deposit and holding addresses. The largest identified cold wallet contains 10,000 BTC, worth about $265.8 million. However, additional Bitcoins may exist within Coinbase's financial ecosystem, as suggested by Arkham's analysis.

Beyond Bitcoin: A Diverse Crypto Portfolio

Coinbase's cryptocurrency portfolio is not limited to Bitcoin. The exchange also holds significant amounts of Ether (ETH) and other digital currencies. Currently, Coinbase possesses around 1.68 million Ether, valued at $2.69 billion. Other holdings include 68.59 million Chainlink (LINK) tokens, worth $471 million, 222 million USD Coin (USDC), and 921,000 Binance Coin (BNB), valued at $194 million.

Bitcoin Price Stability

Bitcoin's price remains stable amid recent economic decisions by the Federal Open Market Committee (FOMC), which chose not to increase interest rates. The cryptocurrency experienced a slight gain of 0.1%, trading at $26,599 with a volume of $26.5 billion.

Coinbase's vast Bitcoin reserves and diverse crypto holdings underscore its influential position in the cryptocurrency market. These insights highlight the scale and scope of Coinbase's operations within the digital currency landscape.