Feb. 16 at 2:05 PM
Coinbase surged 16% after earnings, signaling the stock may be starting to decouple from Bitcoin’s volatility. While the company posted a quarterly loss and revenue fell 22%, its diversification strategy is gaining traction.
Coinbase doubled trading volume and market share in 2025, grew Coinbase One subscriptions to 1 million, and reported record activity in gold, silver, and prediction markets early in 2026—supporting its push to become an “everything exchange.”
Cathie Wood’s ARK Invest bought over
$15 million in shares, while analysts reiterated Buy ratings. Benchmark set a
$267 price target, and Deutsche Bank maintained Buy with a
$250 target, expecting crypto prices to stabilize and recover in Q2.
Meanwhile, Bitcoin proxy MicroStrategy , down 63% in six months, sought to reassure investors, saying it could cover its debt even if Bitcoin falls to
$8,000.
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