Coinbase quietly guards a digital struggle chest of two.7 million bitcoin, with Wall Avenue giants, tech titans, and mining corporations all locking their crypto fortunes behind its partitions.
Digital Fort Knox
Onchain knowledge from timechainindex.com reveals that San Francisco–primarily based Coinbase (Nasdaq: COIN) presently safeguards 13.7% of the bitcoin ( BTC) in circulation. Past operating a buying and selling venue, the agency stewards sizeable balances for an array of counterparties, starting from peer exchanges and miners to issuers of change‑traded merchandise (ETPs).
Coinbase’s trove of buyer property totals 1,045,246 BTC, and the platform likewise custodies reserves for Revolut (28,536 BTC), Bitvavo (22,695 BTC), and Newton (1,480 BTC). The breadth of Coinbase’s institutional clientele sketches a vivid portrait of contemporary crypto finance.
Anchoring this ever‑rising vault is Blackrock, whose Ishares Bitcoin Belief (IBIT) swiftly collected 607,086 BTC, incomes the excellence of the biggest ETF place beneath Coinbase’s watch. Trailing shut behind, Grayscale’s GBTC shops 189,416 BTC, whereas ETF newcomers equivalent to Ark Make investments with 21shares and Bitwise collectively raise the ETF/ETP phase to properly over 1 million BTC.
Coinbase’s remit extends far past change‑traded funds. The custodian defends Technique’s cache—nonetheless eclipsing that of practically each public firm—and oversees balances for tech names equivalent to Tesla and SpaceX, holding 11,509 and eight,285 BTC apiece. Collectively, Coinbase’s Prime Custody and over‑the‑counter (OTC) desks full a shopper roster that spans crypto‑native funds and conventional finance (TradFi) establishments alike.
Whereas most heavyweight ETF sponsors—Blackrock, Ark Make investments, Bitwise, Franklin Templeton, and even Grayscale—home their ETFs’ bitcoin with Coinbase, Constancy’s FBTC fund prefers its personal rails, using its Constancy Digital Belongings custody stack. All informed, Coinbase oversees 2,719,568 BTC beneath administration—roughly $261 billion at prevailing spot costs.
