Coinbase Stock Soars to New Peak as Armstrong Doubles Down on Bitcoin Buying

TLDR

Table of Contents

Coinbase hits record $375.07, up 1,000%+ since 2022 lows, fueled by crypto rally and institutional inflows.
Brian Armstrong confirms weekly Bitcoin buys, citing BTC as a long-term store of value and future reserve asset.
Coinbase joins S&P 500 in June, marking deeper integration of crypto into traditional U.S. finance markets.
U.S. bipartisan bills and SEC clarity are boosting confidence in crypto regulation and market stability.

Coinbase shares reached their highest point ever this week as CEO Brian Armstrong confirmed regular Bitcoin purchases. The surge in share price comes amid broader support for digital assets from U.S. lawmakers and increased participation from institutional investors.

Armstrong’s statement about weekly Bitcoin buys was made on social media. It came as the company’s stock closed at $375.07, surpassing its previous high from November 2021.

Coinbase CEO Brian Armstrong Reaffirms Bitcoin Support

Brian Armstrong, the CEO of Coinbase, has revealed that he buys Bitcoin every week. The announcement was made via X (formerly Twitter). He described the purchases as part of a long-term view on the digital asset’s future. Armstrong has made similar statements in the past, indicating he sees Bitcoin as a durable store of value.

He also predicted that nation-states may soon add Bitcoin to their balance sheets. “It may not be far off before governments start to see Bitcoin as a strategic asset,” Armstrong said. Some countries, such as El Salvador and the Central African Republic, have already adopted Bitcoin as legal tender or hold it in reserves.

The weekly purchases are seen as part of a broader trend among crypto leaders and companies. Many now view Bitcoin as a hedge against inflation, currency depreciation, and economic risk. Armstrong’s public support for Bitcoin has remained consistent even through market downturns.

Coinbase Reaches New Stock Market Record

Coinbase shares closed at $375.07 on Thursday, setting a new all-time high. The company has now surpassed its previous peak of $357.39, which was recorded in November 2021. The stock has surged over 1,000% since its lowest point in late 2022.

The rise is driven by several market factors, including rising cryptocurrency prices and wider investor confidence in the crypto sector. Coinbase has also gained institutional support, with increased trading activity and revenue growth across its platform. Analysts attribute the stock’s performance to its stability compared to competitors during past industry disruptions.

In June, Coinbase was added to the S&P 500 Index. This move reflects its growing role in traditional finance. The company also benefits from multiple income sources, such as trading fees, custody services, and corporate partnerships.

Government Policy Changes Support Crypto Growth

Recent shifts in U.S. political and regulatory outlooks have boosted investor sentiment toward digital assets. New bipartisan efforts in Congress are pushing for clear laws on stablecoins, staking, and custody practices. The Securities and Exchange Commission has also begun offering more predictable guidance to crypto firms.

President Donald Trump has voiced support for blockchain innovation and digital currencies. Under his administration, new national crypto policies are being developed. These include discussions around forming a national crypto reserve.

Coinbase has been active in working with lawmakers and agencies to help shape fair and clear regulations. The company’s engagement is helping to bridge the gap between digital assets and the wider financial system. Industry participants say this cooperation is improving how crypto is viewed by traditional investors.

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