What is the difference between Coinbase Global and The Ether Machine?

Coinbase Global and The Ether Machine hold different amounts of Bitcoin in their treasuries. Coinbase Global holds more BTC. Compare their total holdings, valuation, and treasury strategies.

Which entity holds more Bitcoin: Coinbase Global or The Ether Machine?

Coinbase Global holds more Bitcoin in their treasury with approximately 17,311 BTC compared to The Ether Machine with 0 BTC. Compare their treasury values and investment strategies.

Compare treasury holdings of Coinbase Global and The Ether Machine

Institutional crypto holdings — total value and allocation side by side.

Treasury A

Treasury B

	Coinbase Global	The Ether Machine
Total holdings	$1.76B	$1.17B
Type	Company	Company
Assets held	2 assets	1 assets

Holdings overview

BTC exposure and entity metadata.

	Coinbase Global	The Ether Machine
Bitcoin holdings	17,311 BTC	0.00 BTC
Country	US	US
Recorded transactions	19	4

View Coinbase Global View The Ether Machine

Portfolio breakdown

Holdings amounts, values, and allocation percentages in one view.

Asset	Coinbase Global	The Ether Machine
Bitcoin BTC	17,311.00 $1.41B · 79.9%	—
Ethereum ETH	150,279.00 $354.77M · 20.1%	496,712.00 $1.17B · 100.0%

Amount, USD value, and portfolio weight per asset.

Recent transactions

Latest buys, sells, and balance changes — same layout as treasury detail pages.

Coinbase Global

Date	Asset	Type	Amount	Value (USD)	Source
2026-06-30	Ethereum	BUY	86.0000	$0	Source
2026-06-30	Bitcoin	BUY	819.0000	$56,968,001	Source
2026-03-31	Bitcoin	BUY	1,103.0000	$77,569,999	Source
2026-03-31	Ethereum	SELL	-982.0000	$8,141,000	Source
2025-12-31	Ethereum	BUY	2,460.0000	$0	Source
2025-12-31	Bitcoin	BUY	841.0000	$0	Source
2025-10-30	Ethereum	BUY	11,933.0000	$0	Source
2025-10-30	Bitcoin	BUY	2,772.0000	$0	Source

The Ether Machine

Date	Asset	Type	Amount	Value (USD)	Source
2025-10-01	Ethereum	BUY	1,350.0000	$0	Source
2025-09-02	Ethereum	BUY	150,000.0000	$0	Source
2025-08-04	Ethereum	BUY	10,605.0000	$40,097,505	Source
2025-07-30	Ethereum	BUY	15,000.0000	$56,900,000	Source

Frequently asked questions

Answers about these treasuries and how holdings are calculated.

What is Coinbase Global?

Coinbase Global is an entity (company, institution, or government) that holds cryptocurrency as part of its treasury reserves or investment strategy.

What is The Ether Machine?

The Ether Machine is an entity (company, institution, or government) that holds cryptocurrency as part of its treasury reserves or investment strategy.

Why do companies hold Bitcoin in treasury?

Companies hold Bitcoin for various reasons: as a hedge against inflation, to diversify treasury reserves, for potential appreciation, or as part of their business strategy.

How are treasury holdings tracked?

Treasury holdings are tracked through public disclosures, SEC filings, press releases, and blockchain analytics. Public companies must disclose material holdings.

How is total holdings value calculated?

Total holdings value is calculated by multiplying the amount of cryptocurrency held by its current market price. Values update in real-time based on market prices.