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Coinbase Global, Inc. (Nasdaq: COIN) saw its stock price climb to $400.71, representing a 3.54% increase, following reports that both Coinbase and Mastercard (MA) are in advanced negotiations to acquire London-based stablecoin infrastructure firm BVNK. The potential deal, valued between $1.5 billion and $2.5 billion, would mark the largest stablecoin acquisition to date, surpassing Stripe’s $1.1 billion purchase of Bridge earlier this year. According to sources cited by Fortune, Coinbase currently appears to have the upper hand in the bidding process, though no final decision has been reached. This development comes amid an explosive growth period for the stablecoin market, which has expanded to over $304 billion, fueled in part by the passage of the US GENIUS Act signed by President Donald Trump in July 2025.

Acquisition Would Strengthen Coinbase’s Position in Global Stablecoin Market

Founded in 2021, BVNK has rapidly established itself as a leading player in stablecoin infrastructure, helping businesses integrate stablecoins into payments, cross-border transactions, and global treasury operations. The company previously raised $50 million in December from investors including Haun Ventures, Coinbase Ventures, Tiger Global, and the venture arms of Visa and Citi, achieving a valuation of approximately $750 million at that time. BVNK recently announced an additional investment from Citi, with co-founder Chris Harmse confirming the company is now valued above its previous $750 million mark.

If Coinbase successfully completes this acquisition, it would significantly strengthen the company’s position in the rapidly growing stablecoin payments sector. The deal underscores the convergence between blockchain-based payments and traditional financial infrastructure, as both crypto-native companies and legacy financial institutions compete to control the future of digital payments. Major banks including JPMorgan and Citigroup have also entered the stablecoin space, with JPMorgan launching JPMD deposit tokens and Citigroup CEO Jane Fraser confirming plans for a Citi stablecoin, signaling widespread institutional adoption of this technology.

COIN Stock Outperforms Market as Stablecoin Hopes Lift Outlook

As of 9:57:34 AM EDT on October 10, 2025, COIN stock was trading at $400.71, up $13.71 or 3.54% from its previous close of $387.00. The stock has demonstrated remarkable performance over the past year, with a 142.98% return compared to the S&P 500’s 16.97% gain over the same period. Year-to-date, COIN has surged 60.75%, vastly outperforming the broader market’s 14.95% return. The company currently commands a market capitalization of $102.554 billion with a trailing P/E ratio of 38.49 and a profit margin of 42.67%.

Despite the strong recent performance, analyst sentiment remains mixed, with an average price target of $373.92, slightly below the current trading price. The stock’s 52-week range spans from $142.58 to $444.65, reflecting significant volatility characteristic of the cryptocurrency sector. With a beta of 3.68, COIN stock exhibits substantial sensitivity to market movements. The company is scheduled to report its next earnings on November 5, 2025, which will provide investors with updated insights into how the stablecoin boom and potential BVNK acquisition are impacting Coinbase’s financial performance. The company’s strong cash position of $7.54 billion and healthy balance sheet provide financial flexibility to pursue strategic acquisitions like BVNK.

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