Coinbase is looking for more acquisitions, armed with a $ 9.9 billion war

Brian Armstrong, CEO of Coinbase, says his company explores more acquisition opportunities after obtaining Deribit encryption platform for $ 2.9 billion in May.

“We are looking at the opportunities for acquisition; it does not mean that we are swinging in every stadium,” Armstrong He said In an interview with May 14 with Bloomberg TV. “We want the right opportunity.”

Armstrong added that Coinbase is especially interested in international opportunities, “companies that are thinking about”, and companies that can accelerate the development and growth of stock market products.

Coinbase sits on healthy cash reserves

Armstrong also said that Coinbase It has a large public budget that can be used.

“Part of taking advantage of being a public company, you have a liquid currency to do so,” he said.

This is after the company open In its latest report, it strengthens its public budget, closing the first quarter of 2025 with $ 9.9 billion in US dollar resources.

Coinbase for Deribit is one of the largest deals in the encryption industry, and it consists of $ 700 million in cash and 11 million shares of Coinbase shares.

Coinbase shares rise by 28 % in a week before the S&P 500 insert

Coinbase’s stock (currency) was rupture last week. Google Financing Data shows the coins deals at $ 26.41 from 1:25 am EST.

The current share price of the company follows 28 % pool Last week after the outbreak of the news, Coinbase will be the first encryption company to join the S&P 500. It is expected to add the currency to the index on May 19.

Congrats! brian_armstrong on $ Currency It is added to the S&P 500.

Michael Saylor (Saylor) May 12, 2025

Coin insert in S&P 500 is expected to increase the demand for shares because the index and boxes traded on the stock exchange (ETFS) that track the S&P 500 should buy currency shares to reflect the indicator.

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