- Coinbase added 1,103 BTC in Q1 2026, raising total Bitcoin holdings to 16,492 BTC.
- Coinbase says its USDC revenue-sharing agreement with Circle renews automatically every 3 years.
- Coinbase faced temporary exchange disruptions after an AWS outage affected services.
Coinbase disclosed during its first-quarter 2026 earnings call that the company purchased $88 million worth of Bitcoin, increasing its corporate holdings to 16,492 BTC. The acquisition added 1,103 BTC to the exchange’s treasury, compared with its previous disclosure, bringing total holdings to about $1.3 billion based on prevailing market prices.
The purchase placed Coinbase among a growing number of publicly traded companies holding Bitcoin on their balance sheets as part of treasury management strategies. The company revealed the acquisition alongside several operational and financial updates discussed during the quarterly call.
Coinbase Increases Treasury Exposure to Bitcoin
The Nasdaq-listed crypto exchange stated that the Bitcoin purchase was completed during Q1 2026 as part of its corporate treasury activities. Coinbase already operates as a custodian for a large share of institutional Bitcoin holdings in the United States, including custody services tied to spot Bitcoin exchange-traded funds.
The company’s latest increase further linked Coinbase’s balance-sheet exposure to Bitcoin price movements, as its stock performance has historically tracked closely with the broader crypto market.
Earnings Call Reveals Details on USDC Revenue Agreement
Alongside the Bitcoin treasury update, Coinbase Chief Financial Officer Alesia Haas disclosed additional details regarding the company’s revenue-sharing agreement connected to USDC. According to Haas, the agreement with Circle automatically renews every three years on a perpetual basis and cannot be terminated. The disclosure focused on the long-term financial relationship between Coinbase and the stablecoin issuer, with USDC remaining one of the largest stablecoins by market capitalization.
The earnings call also came on the same day Coinbase experienced service disruptions linked to an AWS outage. The incident temporarily affected exchange performance for several hours.
Related: Coinbase Q1 2026: Brian Armstrong Says the Onchain Economy Has Reached Escape Velocity
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