Coinbase Global, Inc. $COIN Shares Newly Purchased by Balefire LLC

Posted by Stanley Muller on Oct 9th, 2026

Balefire LLC acquired a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 5,557 shares of the cryptocurrency exchange’s stock, valued at approximately $1,036,000.

Several other institutional investors have also recently modified their holdings of COIN. Paradigm Operations LP increased its position in Coinbase Global by 3.3% during the fourth quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock worth $963,912,000 after buying an additional 134,425 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Coinbase Global in the second quarter valued at $142,995,000. National Pension Service boosted its stake in shares of Coinbase Global by 117.1% during the second quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after acquiring an additional 346,045 shares during the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Coinbase Global during the first quarter valued at $104,766,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Coinbase Global by 10.6% during the fourth quarter. Hsbc Holdings PLC now owns 482,427 shares of the cryptocurrency exchange’s stock valued at $109,635,000 after acquiring an additional 46,319 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Stock Up 4.3%

Shares of Coinbase Global stock traded up $7.39 on Friday, hitting $179.39. 12,315,249 shares of the company’s stock traded hands, compared to its average volume of 10,213,001. The stock has a market cap of $47.33 billion, a P/E ratio of -46.72 and a beta of 3.41. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global, Inc. has a 52-week low of $139.11 and a 52-week high of $402.16. The firm’s 50-day moving average is $174.67 and its 200 day moving average is $175.13.

Coinbase Global (NASDAQ:COIN – Get Free Report) last issued its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $5.14 EPS. Coinbase Global’s revenue was down 18.5% compared to the same quarter last year. Equities analysts anticipate that Coinbase Global, Inc. will post -0.48 earnings per share for the current year.

Coinbase Global News Roundup

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

Positive Sentiment: Bitcoin rebound supports COIN: Bitcoin traded higher over the past 24 hours, helping Coinbase as a leveraged play on cryptocurrency activity. Analysts also noted the company’s record trading-volume market share, growing USDC balances, and efforts to diversify into derivatives and other products. Coinbase Global stock rises as bitcoin rebounds and analysts refresh targets
Positive Sentiment: Samsung partnership expands USDC distribution: Coinbase is helping bring USDC functionality to U.S. Samsung Wallet users later this month. Wider access could support stablecoin transfers, payments, custody, and international remittances, strengthening Coinbase’s strategic “Everything Exchange” narrative. Coinbase-Samsung Deal Expands USDC Access Through Samsung Wallet
Positive Sentiment: Analyst targets remain well above the market price: Morgan Stanley raised its target to $258 while maintaining an Equal Weight rating. Citizens JMP lowered its target to $280 from $325 but retained a Market Outperform rating. BTIG also reiterated a Buy rating with a $240 target, indicating analysts still see substantial potential upside despite volatility. Coinbase Has Lost 56% in a Year: Citizens JMP Sees 63% Upside
Positive Sentiment: Derivatives and product expansion add longer-term support: Coinbase plans to broaden access to crypto options, stock trading, and global derivatives liquidity. These initiatives could diversify revenue beyond spot cryptocurrency trading. Coinbase connects US traders to global derivatives liquidity
Neutral Sentiment: Government Bitcoin transfers create mixed implications: The U.S. government moved seized Bitcoin to Coinbase Prime, but there was no confirmed sale. The transfers could increase institutional custody activity for Coinbase, while any eventual liquidation could pressure Bitcoin prices and crypto sentiment. US government moves $770M of seized Bitcoin to Coinbase Prime
Negative Sentiment: Insider selling remains a cautionary signal: Quiver data shows 72 insider sales and no purchases over the past six months, including sales by executives and directors. This does not necessarily indicate deteriorating fundamentals, but it may weigh on investor confidence.
Negative Sentiment: Regulatory limitations affect new products: Coinbase will discontinue sports prediction markets for Michigan customers amid state regulatory pressure, limiting the near-term opportunity in that business. Coinbase Users in Michigan Will Lose Sports Markets This Weekend

Insider Transactions at Coinbase Global

In other Coinbase Global news, CAO Jennifer N. Jones sold 2,062 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 13,676 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $186.18, for a total transaction of $2,546,197.68. Following the completion of the transaction, the director owned 1,115,810 shares in the company, valued at approximately $207,741,505.80. The trade was a 1.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 127,188 shares of company stock valued at $23,029,558. Company insiders own 16.66% of the company’s stock.

Wall Street Analysts Forecast Growth

COIN has been the subject of several analyst reports. Wolfe Research set a $325.00 target price on shares of Coinbase Global in a research note on Thursday, July 9th. UBS Group set a $155.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st. Citigroup restated a “market outperform” rating on shares of Coinbase Global in a research report on Friday, July 31st. Mizuho set a $155.00 price objective on Coinbase Global in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $208.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 17th. Twenty research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $224.60.

Check Out Our Latest Report on COIN

Coinbase Global Profile

(Free Report)

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.