Coinbase revealed during its Q1 2026 earnings call that it purchased $88 million worth of Bitcoin in the first quarter, increasing its corporate reserves to 16,492 BTC. The exchange added 1,103 BTC since its previous disclosure, bringing the total value of its holdings to roughly $1.3 billion at current market prices. The move highlights continued institutional confidence in Bitcoin as major crypto firms increasingly strengthen treasury exposure despite broader market volatility.
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