Coinbase Global, Inc. Stock Price, News & Analysis

SolarBank Corporation (NASDAQ: SUUN) has announced a new Bitcoin treasury strategy, positioning itself at the intersection of renewable energy and cryptocurrency. The company has initiated an account opening with Coinbase Prime for Bitcoin custody services. This strategic move aims to hedge against inflation while leveraging SolarBank's clean energy portfolio to offset Bitcoin mining emissions. The company maintains its core focus on renewable energy development, highlighted by recent major partnerships including a $100M deal with CIM Group, $49.5M with Qcells, $41M with Honeywell for community solar projects, and a $25M credit facility from RBC. SolarBank's portfolio includes over 1 GW in development pipeline across Canada and the US, generating recurring revenue through long-term PPAs with utilities and municipalities.

Coinbase (COIN) and Penrose Partners hosted the Digital Finance Forum in Bermuda, featuring one of the world's first regulated stablecoin airdrops. The event successfully onboarded 250 Bermudians with Coinbase Wallets and $100 USDC each, enabling digital transactions at local businesses. The three-day forum attracted over 500 attendees and generated nearly $40,000 in digital dollar transactions during Community Day. The initiative received strong government support, with Bermuda's Premier David Burt sponsoring 150 complimentary tickets. The event's economic impact on the city was estimated at $1 million, benefiting hotels, restaurants, and transportation services.

Riot Platforms (NASDAQ: RIOT) has successfully expanded its credit facility with Coinbase Credit from $100 million to $200 million. The upsized facility maintains identical terms to the existing agreement, including the interest rate calculated as the greater of the federal funds rate or 3.25%, plus 4.50%. The facility will mature in 364 days, with a possible extension for another 364 days subject to Coinbase's approval. The loan is secured by a portion of Riot's Bitcoin holdings and will be used for strategic initiatives and general corporate purposes.

Thumzup Media Corporation (NASDAQ: TZUP) has established a Bitcoin-backed credit facility with Coinbase Prime (NASDAQ: COIN) to access non-dilutive capital. The company currently holds 19.106 BTC valued at approximately $2.0 million as of May 12, 2025. Thumzup's board has authorized holding up to 90% of its liquid assets in Bitcoin as part of its BTC Reserve Strategy.

The company recently filed a shelf registration statement to raise up to $500 million for working capital and to accelerate its Bitcoin acquisition strategy. Thumzup utilizes Coinbase Prime as its custodian and prime broker, positioning itself to create shareholder value through its expanded capital strategy.

Coinbase (COIN) has announced the release of its first quarter 2025 financial results through a shareholder letter, which has been posted on their Investor Relations website. The company will host a Q&A session to discuss these results on Thursday, May 8, 2025, at 2:30 p.m. PT.

The company also outlined its various communication channels for material non-public information disclosure, including their Investor Relations website, blog, press releases, public conference calls, webcasts, social media platforms (X and LinkedIn), and YouTube channel, in compliance with Regulation FD.

Coinbase Global (COIN) has announced that its President and COO Emilie Choi, along with CFO Alesia Haas, will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on May 14, 2025, at 7:00 a.m. PT / 10:00 a.m. ET. The virtual session will be available via live webcast and replay on Coinbase's Investor Relations website.

The company also reminded investors that it discloses material non-public information through various channels, including its Investor Relations website, blog, press releases, public conference calls, social media platforms, and YouTube channel, in compliance with Regulation FD.

PayPal (NASDAQ: PYPL) and Coinbase (NASDAQ: COIN) have expanded their partnership to enhance the adoption and utility of PayPal's stablecoin, PayPal USD (PYUSD). The collaboration introduces several key features:

• Fee-free PYUSD purchases and 1:1 USD redemption on Coinbase platforms
• Joint exploration of payment innovations for global money movement and commerce
• Development of DeFi and onchain platform use cases

This expansion builds upon their 2021 partnership, which enabled Coinbase users to fund purchases and withdraw fiat currency through PayPal. The collaboration aims to leverage PayPal's network of over 430 million consumer and merchant accounts to increase global stablecoin adoption.

Riot Platforms (NASDAQ: RIOT) has secured a $100 million credit facility from Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. The multiple drawdown term loan facility will be available over a two-month period following the effective date.

The credit facility represents Riot's first bitcoin-backed funding arrangement, providing non-dilutive financing for strategic initiatives and general corporate purposes. The loan terms include an interest rate calculated as the greater of the federal funds rate or 3.25%, plus 4.50% annually.

The facility will mature in 364 days with a possible extension for an additional 364 days, subject to Coinbase's approval. The loan will be secured by a portion of Riot's bitcoin holdings.

CleanSpark (CLSK) has announced a significant expansion of its capital strategy, securing a $200 million Bitcoin-backed credit facility from Coinbase Prime. The company has launched an institutional-grade Bitcoin treasury desk after completing partner selections across borrowing, lending, custody, and derivatives services.

The company currently holds over 12,000 Bitcoin, valued at approximately $1 billion (based on $84,500 BTC price as of April 14, 2025). CleanSpark is shifting from its previous 100% hold strategy, implemented in mid-2023, to now using a portion of monthly Bitcoin production for operational expenses. This transition marks the company's achievement of 'escape velocity' - the ability to self-fund operations while maintaining Bitcoin treasury growth.

The company aims to reach 50 exahash in mining capacity and views debt markets as the most efficient path for accretive growth, prioritizing non-dilutive funding options over equity dilution.