Coinbase Stock Touches $350 After Positive Q3 Earnings, New Acquisition — Details

After what started as a disappointing week, the Coinbase stock (Ticker: COIN) seems to be back on a recovery ￰0￱ briefly touched the $350 level on Friday, October 31st, rallying on the positive earnings report and new developments from this ￰1￱ to a new report, Coinbase has also entered into late-stage talks to purchase stablecoin infrastructure BVNK in an estimated $2 billion ￰2￱ move represents a play in a much larger stablecoin industry push by the largest US-based cryptocurrency ￰3￱ Closes In On $2 Billion BVNK Deal On Friday, Bloomberg reported that Coinbase is looking to complete a $2-billion acquisition of the London-based BVNK, pending due ￰4￱ San Francisco-based cryptocurrency company expects to close this deal before the year’s end or early next year, according to one of the sources close to the ￰5￱ Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details According to the report, the company’s venture capital arm, Coinbase Ventures, is an investor in ￰6￱ of the cited sources also revealed that while the deal is already in late-stage talks, terms may change, and the deal is still at risk of collapsing.

A Coinbase spokesperson told Bloomberg in a statement: We don’t comment on rumors or ￰7￱ by our mission to expand economic freedom globally, we actively explore various opportunities—whether through building, acquiring, partnering, or investing – to advance our ￰8￱ latest Bloomberg report somewhat adds credence to the Fortune report—from earlier this week—that disclosed that Coinbase holds exclusivity with BVNK for takeover talks after winning the bidding ￰9￱ was reportedly also engaged in talks with the stablecoin infrastructure before setting its sights on Zerohash, another crypto startup, for over $1.5 billion. Hence, this BVNK purchase by Coinbase, if completed, would represent the latest one in a growing list of stablecoin-related deals in recent ￰10￱ developments come on the back of the introduction of the first crypto regulation (the GENIUS Stablecoin Act) in the United ￰11￱ Posts Strong Earnings In Q3 2025 While Coinbase’s Q3 earnings call trended for an unusual reason, after CEO Brian Armstrong dropped a list of crypto buzzwords relevant to the Mentions Market, the crypto company delivered strong profits in the last ￰12￱ US-based crypto company reported about $1.9 billion in revenue and a bottom line of approximately $432.6 million in 2025’s third quarter, representing a 55% year-over-year increase.

Meanwhile, the firm’s Bitcoin holdings have also jumped by 2,772 BTC to 14,458. As of this writing, the Coinbase stock (COIN) is valued at about $343.78, reflecting a 4.6% jump in the past 24 ￰13￱ Reading: Ethereum Price Could Crash Below $3,400 After Rejection From 0.618 Fibonacci Level Featured image from Shutterstock, chart from TradingView