Readystate Asset Management LP Acquires New Holdings in Coinbase Global, Inc. $COIN

Posted by Francis Steltz on Sep 7th, 2026

Readystate Asset Management LP bought a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,697 shares of the cryptocurrency exchange’s stock, valued at approximately $2,587,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COIN. Palisade Asset Management LLC bought a new position in shares of Coinbase Global in the 3rd quarter valued at $29,000. MV Capital Management Inc. bought a new stake in Coinbase Global during the 4th quarter worth $27,000. Osbon Capital Management LLC bought a new stake in Coinbase Global during the 4th quarter worth $30,000. JPL Wealth Management LLC acquired a new position in Coinbase Global in the 3rd quarter worth about $49,000. Finally, Brooklands Fund Management Ltd acquired a new position in Coinbase Global in the 4th quarter worth about $34,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Price Performance

Coinbase Global stock opened at $184.64 on Monday. The firm has a market cap of $48.72 billion, a P/E ratio of -48.08 and a beta of 3.39. The stock’s 50 day moving average is $163.48 and its 200 day moving average is $175.61. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. Coinbase Global, Inc. has a one year low of $139.11 and a one year high of $402.16.

Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The company’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.14 earnings per share. As a group, research analysts expect that Coinbase Global, Inc. will post -0.39 EPS for the current year.

Insider Transactions at Coinbase Global

In related news, Director Frederick R. Wilson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total transaction of $1,789,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of Coinbase Global stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 57,130 shares of company stock valued at $8,830,416. Company insiders own 16.66% of the company’s stock.

More Coinbase Global News

Here are the key news stories impacting Coinbase Global this week:

Positive Sentiment: U.S. equity perpetuals could expand revenue: Coinbase filed SEC notices covering plans to offer 24/7 single-stock perpetual futures to U.S. traders. The products could broaden Coinbase’s derivatives business and strengthen its “everything exchange” strategy, although Commodity Futures Trading Commission approval is still required and launch details remain undisclosed. Coinbase Brings 24/7 Stock Perpetuals to the US
Positive Sentiment: International derivatives expansion: Coinbase launched regulated crypto derivatives trading in Canada, adding perpetual and dated contracts tied to major digital assets. The launch may increase trading volume, diversify revenue and support its global growth strategy. Can Canada’s Derivatives Launch Boost Coinbase’s Global Growth?
Positive Sentiment: Crypto-policy optimism remains supportive: Investors continue to watch potential U.S. crypto market-structure legislation, including a Senate procedural vote expected September 15. Clearer rules could benefit Coinbase as a regulated exchange and custody provider.
Neutral Sentiment: Board and investor-outreach updates: Coinbase added Anthony Armstrong, former CFO of xAI and X, to its board and plans appearances at upcoming Citi and Goldman Sachs conferences. These developments may provide strategic updates but do not change near-term earnings expectations.
Negative Sentiment: Macro pressure on crypto assets: The hotter-than-expected jobs report increased the prospect of higher-for-longer interest rates, weighing on Bitcoin and other risk assets. Lower crypto prices and trading activity can reduce Coinbase’s transaction revenue, despite the possibility that higher rates support stablecoin income. Coinbase Slides as Hot Jobs Report Dents 10% Rally
Negative Sentiment: Mixed analyst and insider signals: Zacks placed COIN on its “Strong Sell” list, while a director sold 10,000 shares for approximately $1.79 million under a pre-arranged Rule 10b5-1 plan. Coinbase also recently reported an earnings and revenue miss, with revenue down year over year. New Strong Sell Stocks for September 3rd

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on COIN. Argus reissued a “hold” rating on shares of Coinbase Global in a research note on Wednesday, August 26th. The Goldman Sachs Group raised their price objective on shares of Coinbase Global from $173.00 to $196.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Monness Crespi & Hardt reissued a “sell” rating on shares of Coinbase Global in a report on Friday, June 5th. Benchmark decreased their price target on shares of Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Citizens Jmp dropped their price target on shares of Coinbase Global from $355.00 to $325.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $216.87.

Check Out Our Latest Research Report on COIN

About Coinbase Global

(Free Report)

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.