Coinbase and Strategy Post Record Q3 Profits, Continue Aggressive Bitcoin Accumulation

Two financial giants, Coinbase and Strategy Inc. (formerly MicroStrategy), have reported stellar Q3 2025 earnings while significantly expanding their Bitcoin holdings. The results highlight a deepening wave of institutional Bitcoin accumulation, even as BTC hovers around the $107,000 level.

Key Highlights:

• Coinbase posts its strongest quarter since 2021:

  • Revenue reached $1.8 billion, with $433 million in net income.

  • Added 2,772 BTC in Q3, bringing total holdings to 14,548 BTC, making it the ninth-largest corporate Bitcoin holder.

  • Stablecoin revenue climbed to $355 million, while derivatives trading volume surpassed $840 billion, positioning Coinbase as the top U.S. exchange for perpetual contracts.

  • Assets under custody now total $300 billion.

• Strategy Inc. remains the Bitcoin leader:

  • Reported $2.8 billion in quarterly profit and $12.9 billion in unrealized Bitcoin gains.

  • Currently holds 640,808 BTC worth approximately $70.9 billion, maintaining its position as the largest corporate Bitcoin holder worldwide.

  • Targets a 30% annual Bitcoin yield by year-end — a bold move emphasizing its view of BTC as a core reserve asset.

• Institutional Bitcoin accumulation intensifies:
  Corporations are no longer relying solely on ETFs — they are directly purchasing Bitcoin and expanding crypto-linked revenue streams.
  This trend aligns with:

  • Stablecoin market capitalization surpassing $160 billion.

  • Record on-chain derivatives volumes.

  • Growing corporate treasury exposure to digital assets.

Bitcoin Outlook

Despite a 2% decline in the past 24 hours, bringing BTC to $107,585, on-chain data shows strong accumulation between $106K and $115K.
If institutional inflows from firms like Coinbase and Strategy persist, Bitcoin could reclaim the $110,000 level in November.