Coinbase Surges 10% After Becoming a member of S&P 500

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Coinbase CEO Says S&P 500 Inclusion Confirms “Crypto Right here To Keep”Coinbase Joins Different Company Bitcoin Holders In S&P 500 Index Associated Articles:

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Coinbase (COIN) surged 10% in after hours buying and selling after the corporate grew to become the primary crypto agency to hitch the S&P 500 index.

Shares within the firm pumped over 3% throughout yesterday’s US buying and selling session, and continued to rally in after hours buying and selling, in response to Google Finance information. On account of the current surge, COIN trades at $207.22 as of 1:03 a.m. EST.

Coinbase CEO Says S&P 500 Inclusion Confirms “Crypto Right here To Keep”

S&P International stated in a Might 12 announcement that COIN will likely be added to the S&P 500 index on Might 19. The main US crypto change will exchange Uncover Monetary Companies (DFS), which was just lately acquired by Capital One Monetary Corp (COF), in response to the announcement.

“This milestone represents what the true believers, from retail traders to institutional traders to our staff and companions, knew all alongside: crypto is right here to remain,” stated Coinbase CEO Brian Armstrong in a Might 12 submit on X.

Coinbase simply grew to become the primary and solely crypto firm to hitch the S&P 500.
This milestone represents what the true believers, from retail traders to institutional traders to our staff and companions, knew all alongside.
Crypto is right here to remain. https://t.co/MnMRCX8pMg
— Brian Armstrong (@brian_armstrong) Might 12, 2025

Coinbase Joins Different Company Bitcoin Holders In S&P 500 Index

Whereas Coinbase is perhaps the primary and solely crypto agency to hitch the S&P 500, it’s not the one company Bitcoin holder within the index. Among the largest company BTC holders, together with Tesla and Block Inc., are additionally at the moment tracked by the index.

Information from BitcoinTreasuries reveals Tesla is ranked because the seventh largest company holder of Bitcoin, with its holdings of 11,509 BTC. In the meantime, Bock Inc. is the tenth largest company Bitcoin holder with its stash of 8,485 BTC.

Coinbase is ranked one place above Block Inc. with its reserves that embody 9,480 BTC. Different corporations listed within the index, corresponding to PayPal and Visam additionally provide crypto companies, however that their enterprise fashions don’t revolve round digital property.