Coinbase Global, Inc. Stock Price, News & Analysis

Riot Platforms (NASDAQ: RIOT) has secured a $100 million credit facility from Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. The multiple drawdown term loan facility will be available over a two-month period following the effective date.

The credit facility represents Riot's first bitcoin-backed funding arrangement, providing non-dilutive financing for strategic initiatives and general corporate purposes. The loan terms include an interest rate calculated as the greater of the federal funds rate or 3.25%, plus 4.50% annually.

The facility will mature in 364 days with a possible extension for an additional 364 days, subject to Coinbase's approval. The loan will be secured by a portion of Riot's bitcoin holdings.

CleanSpark (CLSK) has announced a significant expansion of its capital strategy, securing a $200 million Bitcoin-backed credit facility from Coinbase Prime. The company has launched an institutional-grade Bitcoin treasury desk after completing partner selections across borrowing, lending, custody, and derivatives services.

The company currently holds over 12,000 Bitcoin, valued at approximately $1 billion (based on $84,500 BTC price as of April 14, 2025). CleanSpark is shifting from its previous 100% hold strategy, implemented in mid-2023, to now using a portion of monthly Bitcoin production for operational expenses. This transition marks the company's achievement of 'escape velocity' - the ability to self-fund operations while maintaining Bitcoin treasury growth.

The company aims to reach 50 exahash in mining capacity and views debt markets as the most efficient path for accretive growth, prioritizing non-dilutive funding options over equity dilution.

Coinbase (COIN) has scheduled its first quarter 2025 financial results announcement for Thursday, May 8, 2025, after market close. The company will release its shareholder letter and financial results on its Investor Relations website, followed by a question and answer session at 2:30 p.m. PT.

Starting May 1 at 9:00 a.m. PT, shareholders can submit and upvote questions through a dedicated platform until 24 hours before the earnings call. A live webcast will be available, with replay and transcript posted afterward on the Investor Relations website.

Coinbase (COIN) has announced that CFO Alesia Haas will participate in a fireside chat at the FIA International Futures Industry Conference. The event is scheduled for Wednesday March 12, 2025, at 8:30 a.m. ET in Boca Raton, Florida.

The live video session will be streamed on Coinbase's X (formerly Twitter) account (@Coinbase), with a replay available shortly after. Investors can find additional information on the company's Investor Relations website.

The company also highlighted its various communication channels for disclosing material non-public information, including their Investor Relations website, blog, press releases, public conference calls, webcasts, social media platforms (X, LinkedIn, YouTube), and CEO Brian Armstrong's X account.

Coinbase (COIN) has announced that CEO Brian Armstrong and CFO Alesia Haas will participate in a fireside chat at the Morgan Stanley Technology, Media, and Telecom Conference on March 4, 2024, at 4:05 PM ET. The event will be accessible through a live webcast and replay on Coinbase's Investor Relations website.

The company also reminded stakeholders about its various communication channels for material non-public information disclosure, including:

• Investor Relations website
• Company blog
• Press releases
• Public conference calls and webcasts
• Social media platforms (X, LinkedIn, YouTube)

Coinbase reported strong financial results for Q4 and full year 2024. Annual revenue more than doubled to $6.6 billion, with net income of $2.6 billion and Adjusted EBITDA of $3.3 billion. Q4 performance showed total revenue of $2.3 billion, up 88% quarter-over-quarter, with transaction revenue at $1.6 billion (up 172% Q/Q) and subscription revenue at $641 million (up 15% Q/Q).

Q4 operating expenses were $1.2 billion, increasing 19% Q/Q. The company ended Q4 with $9.3 billion in USD resources, up $1.1 billion Q/Q. Net income reached $1.3 billion, including $476 million in pre-tax gains on crypto asset investments. For Q1 2025, Coinbase has generated approximately $750 million in transaction revenue through February 11 and expects subscription revenue between $685-765 million.

Coinbase (COIN) has announced an upcoming X Spaces session featuring Co-Founder and CEO Brian Armstrong and CFO Alesia Haas, scheduled for February 18, 2025, at 2:00 p.m. PT. The company is inviting retail community members to submit questions via X by replying to @Coinbase starting February 11, 2025.

The session will be conducted as a live video broadcast on X, with a recording made available for replay after the event. Coinbase utilizes multiple communication channels for disclosing material non-public information, including their Investor Relations website, blog, press releases, public conference calls, webcasts, social media platforms (X, LinkedIn, YouTube), and Brian Armstrong's X feed (@brian_armstrong), all in compliance with Regulation FD disclosure obligations.

Coinbase (COIN) has announced its schedule for releasing fourth quarter and full year 2024 financial results. The company will publish its shareholder letter and financial results on its Investor Relations website after market close on Thursday, February 13, 2025.

A question and answer session is scheduled for 2:30 p.m. PT on the same day. Starting February 6 at 9:00 a.m. PT, shareholders can submit and upvote questions for management through a dedicated platform, which will remain open until 24 hours before the earnings call. A live webcast will be available, and both a replay and transcript will be posted on the Investor Relations website afterward.

Thumzup Media (Nasdaq: TZUP) has announced the purchase of 9.783 Bitcoin (BTC) for approximately $1 million, at an average price of $102,220 per BTC. The company's management is seeking board approval to hold up to 90% of its liquid assets in BTC as part of its Treasury Asset Strategy announced on November 15, 2024.

The company has partnered with Coinbase's Prime platform as custodian for its Bitcoin holdings and plans to begin paying gig-economy workers in BTC in the coming weeks, subject to applicable regulations.