Coinbase increased its Bitcoin holdings during the first half of 2026 even as the overall value of its digital asset portfolio declined. The latest figures show the exchange continues to strengthen its Bitcoin treasury while slightly reducing its Ethereum exposure, signaling a cautious shift in its balance sheet strategy as market conditions remain volatile.

Bitcoin Holdings Rise While Ethereum Slips

As of June 30, Coinbase held 17,311 $BTC, up 12.5% from 15,389 $BTC at the end of 2025. The company added 1,922 $BTC during the first six months of the year, reinforcing its long-term confidence in Bitcoin.

Ethereum holdings, however, moved in the opposite direction. Coinbase ended the period with 150,279 $ETH, down 0.6% from 151,175 $ETH…