Coinbase Global (COIN) Invested Capital (2020 - 2026)
Coinbase Global's (COIN) quarterly Invested Capital came in at $23.9 billion in Q2 2026, up 11.21% year-over-year from $21.5 billion in Q2 2025, and down 10.7% quarter-over-quarter from $26.7 billion in Q1 2026.
Analysis
Coinbase Global (COIN) Invested Capital (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Invested Capital for 7 consecutive years, with $23.9 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Invested Capital rose 11.21% year-over-year to $23.9 billion in Q2 2026; TTM through Jun 2026 was $23.9 billion, a 11.21% increase from a year earlier, with the FY2025 full-year figure at $27.8 billion, up 32.07% from the prior year.
- Invested Capital was $23.9 billion for Q2 2026 at Coinbase Global, down from $26.7 billion in the prior quarter.
- Over five years, Invested Capital peaked at $28.9 billion in Q3 2025 and troughed at $12.6 billion in Q3 2023.
- A 5-year average of $19.0 billion and a median of $17.2 billion in 2024 frame the typical range for Invested Capital.
- The widest YoY moves for Invested Capital: up 121.69% in 2022, down 33.11% in 2022.
- Over 5 years, Invested Capital stood at $13.8 billion in 2022, then rose by 0.48% to $13.9 billion in 2023, then jumped by 51.45% to $21.0 billion in 2024, then jumped by 32.07% to $27.8 billion in 2025, then slipped by 14.14% to $23.9 billion in 2026.
- The last three Invested Capital figures came in at $23.9 billion (Q2 2026), $26.7 billion (Q1 2026), and $27.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 51.24 Bn | 42.45 Bn | 1.16 Bn | 23.86 Bn |
| 2 | Bullish | 5.78 Bn | 5.72 Bn | 15.53 Mn | 2.46 Bn |
| 3 | Cypherpunk Technologies | 663.58 Mn | 663.58 Mn | - | - |
| 4 | Canton Strategic Holdings | 498.79 Mn | 498.79 Mn | - | - |
| 5 | Bakkt | 387.06 Mn | 336.37 Mn | 2.21 Mn | - |
| 6 | Coincheck | 264.39 Mn | 162.79 Mn | 11.20 Mn | 404.00 Mn |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Exodus Movement | 205.10 Mn | -149.98 Mn | - | - |
| 9 | Usbc | 197.95 Mn | 194.29 Mn | - | 61.55 Mn |
| 10 | TON Strategy | 191.64 Mn | 191.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.86 Bn |
| Mar 31, 2026 | 26.72 Bn |
| Dec 31, 2025 | 27.79 Bn |
| Sep 30, 2025 | 28.90 Bn |
| Jun 30, 2025 | 21.46 Bn |
| Mar 31, 2025 | 20.08 Bn |
| Dec 31, 2024 | 21.04 Bn |
| Sep 30, 2024 | 16.99 Bn |
| Jun 30, 2024 | 16.80 Bn |
| Mar 31, 2024 | 17.50 Bn |
| Dec 31, 2023 | 13.90 Bn |
| Sep 30, 2023 | 12.58 Bn |
| Jun 30, 2023 | 13.08 Bn |
| Mar 31, 2023 | 14.60 Bn |
| Dec 31, 2022 | 13.83 Bn |
| Sep 30, 2022 | 15.58 Bn |
| Jun 30, 2022 | 16.41 Bn |
| Mar 31, 2022 | 20.11 Bn |
| Dec 31, 2021 | 20.67 Bn |
| Sep 30, 2021 | 18.00 Bn |