Coinbase Doubles Down on Bitcoin and Tokenized Stocks

While retail slows down, Coinbase is quietly making its biggest moves yet: doubling its BTC stash and teasing a bold expansion into tokenized assets.

• Coinbase added 2,509 BTC in Q2 and plans to keep buying.
• Tokenized U.S. stocks and prediction markets are in the pipeline.
• Q2 earnings fell short, COIN stock dropped 6% after hours.
• Wall Street giants are also pushing deeper into tokenization.

Coinbase is quietly repositioning itself for the next big leap in Web3. Despite posting weaker-than-expected Q2 earnings and a 6% slide in share price, the company isn’t slowing down. CEO Brian Armstrong revealed that Coinbase added 2,509 BTC in the second quarter, and it’s not done accumulating.

This isn’t a move to mimic MicroStrategy’s treasury strategy. Coinbase’s CFO has previously clarified: they’re a crypto-first business, not just a BTC vault. But the buying still sends a strong signal: the company is backing the asset it’s built on.

What’s even more notable is the plan to launch tokenized U.S. equities: digital shares of real stocks tradable 24/7 on-chain. Coinbase confirmed it’s seeking SEC approval to roll this out in the U.S., aiming to cut out middlemen and bring stock trading to the blockchain.

Other exchanges like Robinhood and Kraken have already made moves outside the U.S., and major players like BlackRock and JPMorgan are diving into tokenization. Coinbase is ready to catch up and compete.

There’s also a big bet on prediction markets, allowing users to speculate on real-world events using crypto. The feature is coming soon, pending regulatory clarity.

VP of Product Max Branzburg summed it up:

“We’re building an exchange for everything,” he told CNBC. “Everything you want to trade, in a one-stop shop, on-chain. … We’re bringing all assets onchain – stocks, prediction markets, and more. We’re building the foundations for a faster, more accessible, more global economy.”

To Sum Up

Coinbase may have stumbled on Q2 earnings, but its long-term vision is picking up speed. Between growing its Bitcoin reserves and opening the door to tokenized stocks and prediction markets, it’s laying the groundwork for the next era of crypto-finance.