Coinbase Surpasses $100 Billion Market Cap for First Time as Bitcoin Hits New Record Highs

Coinbase, the largest cryptocurrency exchange in the United States, has officially crossed the $100 billion market capitalization mark for the first time, buoyed by surging Bitcoin prices and renewed investor optimism in digital assets.

The company’s stock closed Monday’s trading session at $394.01, its highest-ever closing price, with intraday peaks reaching $398.50. This puts Coinbase’s market value at approximately $100.36 billion, according to Yahoo Finance.

The milestone coincides with Bitcoin reaching a new all-time high of $122,000, reflecting strong institutional demand and sustained ETF inflows. The bullish sentiment has also boosted broader crypto equities, with Coinbase shares climbing over 50% in the past month alone.

The recent upswing in Coinbase’s valuation follows several major catalysts. Among them is the successful IPO of Circle Internet Financial (CRCL), which signaled growing confidence in regulated crypto firms. Regulatory tailwinds in the U.S. and Coinbase’s inclusion in the S&P 500 index in May have also contributed to the momentum.

Coinbase is the first pure-play crypto company to join the S&P 500, a move that analysts say further validates the sector’s long-term potential. Bernstein recently raised its price target for the stock to $510, describing Coinbase as the “Amazon of crypto financial services.”