Coinbase CEO Says He Buys Bitcoin Weekly as Stock Breaks High

Coinbase CEO Shows Strong Support for Bitcoin

Coinbase CEO has revealed that he purchases more Bitcoin each week. He made this public on X (previously Twitter) , evidencing his firm conviction about holding BTC in the long term. He made the announcement when Coinbase stock surged to a new all-time high of $375.25, eclipsing its previous all-time high in November 2021.

Source: Brian Armstrong

Armstrong’s message was simple but powerful: “We’re buying more Bitcoin every week. Long #Bitcoin.” His public support for Bitcoin echoes the bold moves made by MicroStrategy Chairman Michael Saylor, who has famously used a similar strategy, buying BTC often and in large amounts, even using company funds. Saylor also commented on this update encouraging Brian.

Coinbase Stock Hits Record Close

The organisation listed on Nasdaq under the symbol COIN, ended Thursday’s trading at $369.21, gaining 3.89% for the day. Over the past month, the $COIN stock has gone up nearly 40%. This marks a 3.3% increase from its previous record close of $357.39 back in November 2021.

It was one of the top-performing stocks in the S&P 500. It has an increase of 12.10% on Tuesday only. This is just weeks after the organisation made history as the first crypto company ever added to the S&P 500 index on May 19, 2025.

Source: Google Finance

Circle Partnership Strengthens Coinbase’s Growth

Its rise is also being powered by its strong partnership with Circle Internet Group . In 2018, Coinbase and Circle co-created the USDC stablecoin. This partnership continues to be a major source of income for the exchange.

Regulatory Moves Help Market Confidence

Another reason for the growth is the progress of crypto-related laws in the U.S. Lawmakers are pushing forward the GENIUS Act , which aims to bring clearer rules around stablecoins like USDC. This has created a more favorable environment for exchanges that follow strict rules and support regulation.

Following the Saylor Playbook

Brian Armstrong’s announcement also reminds many of Michael Saylor, the renowned Bitcoin supporter. Saylor’s company, Strategy, owns over 592,345 BTC and keeps buying more. Looking at the 1 year chart of the MSTR stock, its price has been surging only. It increased by 153.46% in just 1 year. This growth also made it qualified for the S&P 500 index.

Source: Google Finance

His plan is simple: hold BTC for the long term because he believes it’s the best store of value.

Now, Armstrong seems to be following a similar path, personally buying Bitcoin every week, while leading a company that is growing fast and deeply involved in the crypto economy.

Conclusion

Brian Armstrong's weekly Bitcoin purchases demonstrate increasing trust in this top cryptocurrency. As Coinbase hits record highs and solidifies its connection to Circle, it is further establishing its position in the crypto space. With politicians pushing ahead on better crypto regulations and Armstrong demonstrating long-term investment plans, Coinbase's future is bright and BTC is at its center.