Coinbase Exceeds Wall Street Expectations with $2.7 Billion Bitcoin Acquisition

Coinbase’s impressive third-quarter earnings report showed they went above analyst predictions, buying a whopping 2,772 BTC in Q3 2025. CEO Brian Armstrong highlighted the strategic expansion of their platform and product offerings as key drivers for this massive Bitcoin acquisition. This move suggests Coinbase is aiming to capitalize on increased institutional interest in cryptocurrency trading. Their strategy includes expanding into various products like derivatives and acquiring other platforms like Deribit, which aims to further bolster their asset availability and market liquidity.