According to BTC data from Bitcointreasuries.netCoinbase is now the 10th biggest Bitcoin holding company in terms of public BTC Treasury companies. Coinbase, the popular cryptocurrency exchange platform, holds 11,776 BTC worth around $1.36 Billion.
Will Elon Musk’s Tesla follow?
Coinbase CEO X posted a X-post on his website Brian ArmstrongThe company holds BTC. Armstrong said that Coinbase increased its BTC holdings by 2509 BTC during Q2 2025. CEP also stated that Coinbase will continue to buy more BTC. It appears that the company is making a good profit on its BTC investments. The fair value of the BTC total is approximately $1.26 billion, with a total cost base of $740 millions.
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Tesla’s outlook on BTC is also quite bullish. It hasn’t sold its assets and could buy even more. Electric vehicle maker accepts BTC for payment, proving its devotion to the asset. Tesla may reclaim 10th position in the very near future.
The market continues to fall despite the SEC’s warnings “Project Crypto”
Coinbase is now the 10th-largest Bitcoin investor, surpassing Tesla. However, since yesterday the market as a whole has seen a major correction. BTC fell to $115,000 levels. According to CoinGlass liquidation dataAssets worth $645.02million were liquidated within the last 24hours.
It is not the correction that comes, but rather it’s you. US SEC announcing its “Project Crypto” Make the US the global capital of crypto. It’s possible that the Federal Reserve has decided to hold interest rates steady, which could explain why there is a dip. Fed warned of slowing economic growth. Investors may have been scared off by the Fed’s announcement, which could be why they avoided risky assets like Bitcoin (BTC), and other cryptocurrency. If retail interest and ETF flows continue, the market may recover in the next few weeks.
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Source: watcher.guru
