VALORANT Masters London enters Day 4 with $1M prize pool and Coinbase on the sideline

Riot Games' premier tactical shooter tournament rolls through its Swiss Stage in London, but crypto's presence remains limited to a logo on the wall.

by Editorial Team

Tue 9 Jun 2026 · 18:26 EDT 2 min read

In Esports

Coinbase Global, Inc. (COIN) price

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Last close: $161
Close-to-close change: +0.9%
Market cap: $42.5B (shares as of 2026-06-30)
P/E (trailing): Not meaningful: trailing loss. Diluted EPS −3.79 for 2025-07-01 to 2026-06-30, rolled from reported annual and year-to-date EPS (approximate) SEC filing
Annual revenue: $7.2B USD (FY ended 2025-12-31) 10-K
Annual revenue growth: +9.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income: 1,260,327,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin: 20.0% (FY ended 2025-12-31)
Forward P/E: Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Coinbase Global, Inc. and its peers

Company	Price	Market cap	P/E (trailing)	Forward P/E	Annual revenue (USD)	Annual revenue growth	Annual net income (USD)	Operating margin
Coinbase Global, Inc. COIN · Price dated Oct 27, 2026 · tokenized COINx	$161	$42.5B	Not meaningfulLoss, diluted EPS −3.79 to 2026-06-30 · SEC filing	Unavailable	$7.2BFY ended 2025-12-31 · 10-K	+9.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,260,327,000FY ended 2025-12-31, attributable to the company · 10-K	20.0%FY ended 2025-12-31
Strategy Inc MSTR · Price dated Oct 27, 2026 · tokenized MSTRx	$141	Unavailable	Not meaningfulLoss, diluted EPS −96.98 to 2026-06-30 · SEC filing	Unavailable	$477.2MFY ended 2025-12-31 · 10-K	+3.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K	−3,848,152,000FY ended 2025-12-31, attributable to the company · 10-K	−1,140.8%FY ended 2025-12-31
Circle Internet Group, Inc. CRCL · Price dated Oct 27, 2026 · tokenized CRCLx	$82	Unavailable	16.3	Unavailable	$2.7BFY ended 2025-12-31 · 10-K	+63.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K	−69,508,000FY ended 2025-12-31, attributable to the company · 10-K	−3.5%FY ended 2025-12-31
Bitmine Immersion Technologies, Inc. BMNR · Price dated Oct 27, 2026 · tokenized BMNRx	$22	$13.0B	Not meaningfulLoss, diluted EPS −4.50 to 2026-05-31 · SEC filing	Unavailable	$6.1MFY ended 2025-08-31 · 10-K	+84.1%FY ended 2025-08-31 vs 2024-08-31 · 10-K	348,577,000FY ended 2025-08-31, attributable to the company · 10-K	7,288.1%FY ended 2025-08-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 8:36 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

VALORANT Masters London hit its fourth day of competition on June 9, with 12 of the world’s best teams battling through the Swiss Stage at the Copper Box Arena. The tournament, running June 6 through June 21, carries a $1M total prize pool and critical VCT points that could shape the road to Champions in Shanghai.

Day 4 featured Swiss Stage matchups including DRG versus Xi Lai Gaming and Full Sense taking on Global Esports.

What’s at stake beyond the money

The winning team walks away with $350,000 and 8 VCT points, which feed directly into qualification for the Champions event in Shanghai. For teams like Paper Rex, Team Vitality, G2 Esports, and NRG, this tournament isn’t just about the check. It’s about positioning for the biggest stage in competitive VALORANT.

London’s Copper Box Arena, a venue that hosted events during the 2012 Olympics, gives the tournament the kind of physical gravitas that helps legitimize esports to mainstream audiences and sponsors alike.

Coinbase is there, but crypto isn’t really

Coinbase is listed among the event’s partners, sitting alongside AWS and Red Bull. There are no token integrations, no NFT ticket stubs, no blockchain-based fan engagement tools, and no in-game crypto rewards. Coinbase’s involvement appears to be a traditional sponsorship play.

Compare that to AWS, which actively provides cloud infrastructure for competitive gaming broadcasts, or Red Bull, which has decades of experience embedding itself into the culture of competitive events.

What this means for crypto and esports investors

VALORANT Masters London illustrates the current state of play. Traditional sponsors like AWS and Red Bull still dominate the partnership landscape at premium events. Crypto brands are in the room, but they’re not driving the conversation and they’re not building the infrastructure.

At Riot Games’ level, the event operates independently of digital assets, with no tokenized fan experiences, no blockchain-based competitive integrity systems, and no crypto-native reward mechanisms being tested at scale.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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