New York, Feb 16, 2026, 16:32 EST — The session has ended.
- Coinbase shares are back on the tape Tuesday, coming off a strong rebound in the previous session.
- The fresh $2 billion buyback authorization turned attention away from the quarterly loss.
- Bitcoin edged lower Monday, leaving crypto prices in the spotlight for sentiment.
Coinbase Global, Inc. (COIN.O) is set to resume trading Tuesday, coming off a sharp 16.5% jump to $164.32 at Friday’s close. U.S. markets were shut Monday for Presidents Day. (Nasdaq)
Stocks are quiet, but crypto’s ticking over. Bitcoin slipped roughly 0.4% Monday; ether, on the other hand, added about 1.6%. That split could factor into crypto-exposed stocks once Nasdaq comes back online.
Coinbase has a reputation for moving in step with digital-asset risk sentiment. Higher trading volumes usually mean its fee machine kicks into gear, but the momentum fades fast when markets slow down.
Shares rebounded Friday, reversing course after a sharp fall the previous session—a clear sign traders haven’t finished digesting the company’s most recent earnings update.
Shares dropped to $141.09 on Feb. 12, then reversed course, climbing to $164.32 just a day later, Coinbase’s investor-relations stock page shows. (Coinbase Investor Relations)
Coinbase disclosed in its latest shareholder letter that, back in January, the board boosted its authorization for share and long-term debt buybacks by another $2.0 billion. The company finished 2025 holding $11.3 billion in cash and cash equivalents. Repurchases of Class A shares hit $1.7 billion for the fourth quarter and up to Feb. 10, according to the filing. (Securities and Exchange Commission)
Coinbase posted a net loss of $666.7 million, or $2.49 per share, as trading volumes slumped during a wider crypto selloff, according to Reuters. Subscription and services revenue climbed 13.5% to $727.4 million, with $364.1 million coming in from stablecoins—tokens pegged to assets like dollars or government debt. “Crypto is cyclical … never as good, or as bad as it seems,” the company remarked. Zacks strategist David Bartosiak highlighted diversification and what he called “shock absorbers.” (Reuters)
Elsewhere, new buying drew attention—Barron’s noted Cathie Wood’s ARK Invest snapped up roughly $15 million in Coinbase stock following the surge. Analysts at Benchmark and Deutsche Bank kept their buy ratings, according to Barron’s. (Barron’s)
The bounce came after another headache on earnings day. On Feb. 12, Coinbase notified users that a number of customers couldn’t buy, sell, or move crypto for a short period, according to MarketWatch. The company later announced it had resolved the problem and that customer funds remained safe. (MarketWatch)
Robinhood Markets—which lets users trade crypto as well—closed out Friday with shares up roughly 6.8%. Strategy, a bitcoin-treasury name, jumped close to 8.9% as peers tracked moves together in the previous session.
But there’s a flip side. Should crypto prices sink or volatility remain low, Coinbase may see transaction revenue fade fast—even with management pushing subscriptions and stablecoins.
Tuesday brings another read for traders as U.S. equities reopen and January retail sales hit at 8:30 a.m. ET. That number can shift risk appetite across the board. (Newyorkfed)
