Coinbase CEO Confirms Weekly Bitcoin Purchases Amid Stock Surge

Brian Armstrong, CEO of Coinbase, announced that the company is purchasing Bitcoin weekly, reflecting confidence in its long-term value. This statement coincided with Coinbase's stock reaching a record high of $375.07, surpassing its previous peak from November 2021.

Key points include:

Armstrong believes Bitcoin could reach millions in price.
Nations may start including Bitcoin in their financial reserves, impacting global demand.
Coinbase's inclusion in the S&P 500 Index in May 2025 indicates increased institutional interest in cryptocurrencies.
Analysts cite recovery in cryptocurrency prices and regulatory clarity as reasons for Coinbase’s strong performance.
Coinbase benefits from diversified revenue streams, including trading fees and custody services.

Armstrong's investments and outlook align with trends among crypto leaders viewing Bitcoin as a hedge against inflation and economic instability.