Coinbase hits $100 billion market cap for first time as bitcoin notches fresh all-time highs

Coinbase shares closed at a record $394.01, lifting the exchange’s market cap to $100.36 billion as bitcoin topped $122,000.

By Jason Shubnell • Edited by Daniel Kuhn
Markets•July 14, 2025, 4:44PM EDT
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Coinbase hits $100 billion market cap for first time as bitcoin notches fresh all-time highs

Quick Take

  • Coinbase’s stock closed Monday’s session at $394.01 per share, giving the company a market cap above $100 billion.
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Following bitcoin's rise to new all-time highs this weekend, the largest crypto exchange in the U.S. hit two significant milestones in Monday's trading session.

Coinbase's stock closed the day up 1.8% at $394.01 per share, according to The Block's COIN data. That marks a new all-time closing high for the stock, which hit the public markets in April 2021. Shares hit an intraday high of $398.50. 

With today's closing price, Coinbase now sports a market cap of approximately $100.36 billion according to Yahoo Finance data — the first time the crypto exchange's market cap has hit that level.

Coinbase shares have surged 50% in the past month alone amid the wildly successful IPO of Circle Internet Group (ticker CRCL), as well as positive regulatory developments in the United States.

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COIN shares have also been added to the S&P 500 index on May 19. As the first pure-play crypto company to be in the benchmark index, analysts have been cheering COIN's run, with Bernstein recently lifting its price target to $510 and calling Coinbase the "Amazon of crypto financial services."

Bitwise CIO Matt Hougan previously predicted Coinbase could be a $1 trillion company in the future.

"Pick a company currently valued below $100 billion that has the highest chance of being a $1+ trillion company some day. I'll start: Coinbase at $61 billion," Hougan said May 13 in a post on X.

Coinbase's non-transaction-based revenue has steadily risen over the past year, hitting $772 million in the first quarter, The Block's data dashboard shows. Last week, the company hired pseudonymous poster AlexOnchain in a bid to expand its social media presence.

Meanwhile, the price of Bitcoin eclipsed $122,000 for the first time ever on Monday and currently trades around $119,700, according to The Block's BTC price data.