Coinbase, a prominent US crypto exchange, increased its Bitcoin holdings by 2,772 BTC during the third quarter, CEO Brian Armstrong confirmed today.

The acquisition reflects Coinbase’s ongoing strategy to accumulate Bitcoin as a long-term reserve asset. Armstrong has emphasized the company’s commitment to building its Bitcoin treasury amid broader institutional interest in crypto assets.

The move aligns with Coinbase’s positioning as a corporate Bitcoin holder, similar to other firms treating the digital asset as a hedge against inflation. The exchange has integrated Bitcoin purchases into its balance sheet strategy while expanding custody services for institutional investors.

Coinbase’s Bitcoin accumulation comes during a period of increased regulatory clarity under the Trump administration, supporting corporate adoption narratives across the crypto sector.