Coinbase Profit Is Mostly Crypto Gains: Rapid Earnings Reaction
Published . Updated .
Coinbase reported $719 million in net income, but a $715 million gain on crypto it holds did nearly all of the work. Here’s what the core business earned, and why gaining share wasn’t enough.
Directly affected
- COIN Coinbase Global-6.6% 30d
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust+6.5% 30d
iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story.
- MSTR Strategy+6.0% 30d
Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- MARA MARA Holdings-9.9% 8d
MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- RIOT Riot Platforms-33.8% 30d
Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- ABTC American Bitcoin-9.1% 30d
American Bitcoin (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| COIN | +2.28% | +0.17% | base | after close | after close | after close | after close |
| IBIT | +0.53% | -0.04% | base | after close | after close | after close | after close |
| MSTR | +3.14% | -0.18% | base | after close | after close | after close | after close |
| MARA | -1.96% | -1.05% | base | after close | after close | after close | after close |
| RIOT | -8.75% | -1.24% | base | after close | after close | after close | after close |
| ABTCNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Coinbase Profit Is Mostly Crypto Gains: Rapid Earnings Reaction Yahoo Finance
Source: Yahoo Finance
This story
| Company | When | Move | Status |
|---|---|---|---|
| COIN | three days earlier | +0.17% | final price |
| COIN | five days earlier | +2.28% | final price |
| IBIT | three days earlier | -0.04% | final price |
| IBIT | five days earlier | +0.53% | final price |
| MARA | three days earlier | -1.05% | final price |
| MARA | five days earlier | -1.96% | final price |
| MSTR | three days earlier | -0.18% | final price |
| MSTR | five days earlier | +3.14% | final price |
| RIOT | three days earlier | -1.24% | final price |
| RIOT | five days earlier | -8.75% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 72 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Coinbase Profit Is Mostly Crypto Gains: Rapid Earnings Reaction” scores 12 out of 100. The score uses 1 sources.