Envestnet Portfolio Solutions Inc. Purchases New Stake in Coinbase Global, Inc. $COIN

Market Beat
2026.01.24 11:57
portai
I'm PortAI, I can summarize articles.

Envestnet Portfolio Solutions Inc. has acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN), purchasing 29,800 shares valued at approximately $10 million in the 3rd quarter. Other institutional investors have also increased their stakes in Coinbase. The company's stock has seen fluctuations, with a recent trading price of $216.95. Coinbase reported earnings of $1.44 per share, exceeding estimates, and a revenue increase of 55.1% year-over-year. Insider trading activity has been noted, with significant shares sold by executives. Coinbase is also making strides in security and market structure improvements.