Coinbase continues to explore acquisition opportunities following its recent deal with Deribit for $2.9 billion. CEO Brian Armstrong shared insights regarding the company's strategy.
Interest in International Opportunities
CEO Brian Armstrong noted that the company is actively seeking acquisition opportunities, especially in the international arena. "We want it to be the right opportunity," he said in a Bloomberg interview.
Coinbase's Financial Reserves
Armstrong also stated that Coinbase has substantial financial reserves. "Part of the benefit of being a public company is, you have a liquid currency to do that," he added, referring to the company's closing of Q1 2025 with $9.9 billion in US dollar resources.
Coinbase Stock Performance Ahead of S&P 500 Inclusion
Coinbase shares (COIN) have surged by 28% over the past week. The announcement of Coinbase becoming the first crypto company to join the S&P 500 index is expected to increase demand for its shares.
Coinbase is continuing to develop its expansion strategies, focusing on international opportunities and increasing its financial reserves amid rising demand for its stock.
