Coinbase 10 % rises after joining the S&P 500

Coinbase (COIN) increased by 10 % after trading hours after the company became the first encryption company to join the S&P 500.

The company’s stocks pump more than 3 % during the US trading session yesterday, and continued to gather after the trading hours, according to Google Finance Data. As a result of the last rise, the currency trades at $ 207.22 as of 1:03 am EST.

Coinbase CEO says that S&P 500 includes “Crypto here to stay”

S & P Global said on May 12 advertisement This currency will be added to the S&P 500 on May 19. The pioneer Exchango Crypto in the United States will replace the Discover Financial Services (DFS), which was recently obtained by Capital One Financial Corp (COF), according to the advertisement.

Brian Armstrong, CEO of Coinbase, said in the May 12th stage on X.

Coinbase has just become the first and only company to join the S&P 500.

This teacher represents what real believers know, from retail investors to institutional investors to our employees and partners, all the time.

The encryption here to stay. https://t.co/nmrcx8pmg

Brian_armstrong May 12, 2025

Coinbase joins Bitcoin holders other companies at the S&P 500 index

while Coinbase It may be the first and only coding company that joins the S&P 500, it is not the only bitcoin holder in the index. Some of the largest btc holders, including Tesla and Block Inc. , It is currently tracked by the index.

Data from bitcointreasuries He appears Tesla was ranked seventh for Bitcoin holder, with her 11,509 BTC holdings. Meanwhile, Buck Inc. is the company The largest employer in Bickoin’s tenth company with her hideout of 8,485 BTC.

Coinbase was ranked from one site above Block Inc. With its reserves that include 9,480 BTC. Other companies listed in the index, such as PayPal and VISAM, also provide encryption services, but their business models do not revolve around digital assets.

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