Coinbase, one of the leading U.S. bitcoin exchanges, has expanded its bitcoin treasury by 2,772 BTC during the third quarter of 2025.

The increase was confirmed today by CEO Brian Armstrong, who reiterated the company’s focus on accumulating bitcoin for long-term reserves.

Strategic reserves approach

Armstrong has emphasized Coinbase’s commitment to integrating bitcoin into its balance sheet strategy, aligning with a broader trend of corporations treating bitcoin as a hedge against inflation and an alternative to traditional reserve assets.

The move places Coinbase among other firms that have shifted a portion of their reserves into bitcoin in response to macroeconomic uncertainties.

Regulatory environment supports adoption

The company’s latest purchase comes as the regulatory landscape has become clearer for the industry, particularly under the Trump administration.

This climate of increased regulatory certainty is encouraging more U.S. corporations to consider bitcoin for their treasuries. Coinbase’s approach is also notable for its timing, as institutional interest in bitcoin continues to rise.

Transparency and custody expansion

Coinbase’s public confirmation of its bitcoin acquisition reflects a growing trend of transparency among major holders.

In addition to increasing its own reserves, Coinbase has been expanding its custody services for institutional investors seeking secure storage solutions.

For a detailed look at Coinbase’s current and historical bitcoin reserves, see the Coinbase bitcoin holdings tracker.

Armstrong stated in his announcement:

“Our latest BTC acquisition demonstrates our conviction in bitcoin’s role as a foundational asset for the future of finance.”