Coinbase Stock Touches $350 After Positive Q3 Earnings, New Acquisition — Details
After what began as a disappointing week, the Coinbase inventory (Ticker: COIN) appears to be again on a restoration path. COIN briefly touched the $350 degree on Friday, October thirty first, rallying on the positive earnings report and new developments from this week.
According to a brand new report, Coinbase has additionally entered into late-stage talks to buy stablecoin infrastructure BVNK in an estimated $2 billion deal. This transfer represents a play in a a lot bigger stablecoin trade push by the biggest US-based cryptocurrency alternate.
Exchange Closes In On $2 Billion BVNK Deal
On Friday, Bloomberg reported that Coinbase is trying to full a $2-billion acquisition of the London-based BVNK, pending due diligence. The San Francisco-based cryptocurrency firm expects to shut this deal earlier than the yr’s finish or early subsequent yr, in response to one of many sources near the matter.
According to the report, the corporate’s enterprise capital arm, Coinbase Ventures, is an investor in BVNK. One of the cited sources additionally revealed that whereas the deal is already in late-stage talks, phrases might change, and the deal continues to be prone to collapsing.
A Coinbase spokesperson informed Bloomberg in an announcement:
We don’t touch upon rumors or hypothesis. Driven by our mission to broaden financial freedom globally, we actively discover varied alternatives—whether or not via constructing, buying, partnering, or investing – to advance our mission.
This newest Bloomberg report considerably provides credence to the Fortune report—from earlier this week—that disclosed that Coinbase holds exclusivity with BVNK for takeover talks after successful the bidding conflict. Mastercard was reportedly additionally engaged in talks with the stablecoin infrastructure earlier than setting its sights on Zerohash, one other crypto startup, for over $1.5 billion.
Hence, this BVNK buy by Coinbase, if accomplished, would signify the newest one in a rising record of stablecoin-related offers in latest months. These developments come on the again of the introduction of the first crypto regulation (the GENIUS Stablecoin Act) within the United States.
Coinbase Posts Strong Earnings In Q3 2025
While Coinbase’s Q3 earnings name trended for an uncommon purpose, after CEO Brian Armstrong dropped an inventory of crypto buzzwords related to the Mentions Market, the crypto firm delivered robust income within the final quarter.
The US-based crypto firm reported about $1.9 billion in income and a backside line of roughly $432.6 million in 2025’s third quarter, representing a 55% year-over-year improve. Meanwhile, the firm’s Bitcoin holdings have additionally jumped by 2,772 BTC to 14,458.
As of this writing, the Coinbase inventory (COIN) is valued at about $343.78, reflecting a 4.6% bounce previously 24 hours.
