Coinbase CEO Confirms Weekly Bitcoin Buys as Stock Reaches All-Time High

Highlights:

• Brian Armstrong says Coinbase buys BTC weekly and expects its value to skyrocket.
• Coinbase hits $369.21, up 40% monthly, becoming top performer on the S&P 500.
• Analysts split as Coinbase charts suggest both strong momentum and a possible short-term pullback.

Coinbase CEO Brian Armstrong has confirmed that the company is purchasing Bitcoin (BTC) every week. He also encouraged his followers to hold onto the top cryptocurrency as it nears a new all-time high. Recent data shows Coinbase ranks as the tenth-largest corporate Bitcoin holder, owning 9,267 BTC.

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We're buying more Bitcoin every week. Long #Bitcoin https://t.co/LleWBXGYTG

— Brian Armstrong (@brian_armstrong) June 26, 2025

Armstrong has previously said that Bitcoin’s value could eventually reach millions of dollars. He also believes that governments may soon start adding Bitcoin to their official reserves, a move that could boost global demand and increase Bitcoin’s role in international affairs. While some see this as too speculative, others note that countries like El Salvador and the Central African Republic have already taken steps in that direction.

Coinbase Stock Soars to Record High

Brian Armstrong made the statement on X as Coinbase stock (COIN) ended Thursday with its highest closing price ever, but experts are unsure if the rally will last. Real Vision CEO Raoul Pal reacted by saying, “Going vertical now,” pointing to the sharp rise in price. He added, “Next step, crypto,” and noted that there’s plenty of money flowing into the market. 

Wow, $HOOD, $COIN and $RKLB going vertical now. All in the RV Pro portfolio (added to all via calls at April lows). $TSLA likely to follow.

Next step, crypto.

The liquidity spigot is wide, wide open…

— Raoul Pal (@RaoulGMI) June 26, 2025

Coinbase ended Thursday’s session at $369.21, marking a 3.89% daily gain and nearly a 40% rise over the past month, as per Google Finance. This closes 3.3% higher than its previous record of $357.39 set in November 2021. Earlier this week, on Tuesday, Coinbase led the S&P 500 with a 12.10% single-day surge.

Analysts remain divided on whether Coinbase’s strong rally will continue or slow down. Investment adviser Andy Heilman said on X that although Coinbase is doing well, it may experience a short-term drop soon. He also mentioned the weekly chart remains highly bullish and could hint at a potential climb to four-digit levels.

Weekly view on $COIN looks very bullish, even if it is due for a pullback. Massive inverted head and shoulders base…just now breaking out this week. Added near April lows and we're riding it to possible four-digit prices. pic.twitter.com/vfCCFvMtyo

— Andy Heilman, CFA (@imapedestrian) June 26, 2025

Crypto analyst Cantonese Cat noted that the daily Bollinger Bands are widening, a sign the price could continue climbing for now. However, crypto analyst Chad had a different view of the chart. He said Coinbase might cool down soon, as its price is too far above the upper Bollinger Band.

U.S. Shifts Toward Pro-Crypto Policies

Coinbase’s rise comes as the U.S. shows more support for crypto. After years of doubt, Washington is starting to accept digital assets. New laws on stablecoins and clearer signs from the SEC are helping shape rules. Support from both parties is pushing bills to add clarity in areas like custody, staking, and DeFi. President Donald Trump has openly backed crypto, unlike past leaders. His term has brought major crypto policy moves, like plans for a national crypto reserve. The exchange has long pushed for fair rules and stayed active in talks with lawmakers and regulators, and it’s starting to show results.

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