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Every bitcoin purchase and sale, share issue and change to the loan, read from the company's announcements. Click anything to see the source.
Drag the bar below the chart or scroll on the chart to zoom. Bubble size = BTC bought. Click a bubble to open its announcement.
The bitcoin price at which the loan would equal a share of the reserve. Coinbase's margin-call terms aren't public, so this isn't a liquidation price.
| +0.0% |
| 12 Oct 2026 | 838k | 69.0p | 63.0p | +9.5% |
| 5 Oct 2026 | 2.88m | 75.0p | 80.0p | −6.3% |
| 28 Sept 2026 | 2.71m | 70.0p | 62.0p | +12.9% |
| 24 Aug 2026 | 225k | 34.0p | 34.8p | −2.3% |
| 3 Aug 2026 | 3.30m | 31.0p | 28.8p | +7.8% |
| 20 Jul 2026 | 703k | 29.5p | 29.0p | +1.7% |
| 15 Jun 2026 | 1.07m | 28.0p | 27.9p | +0.2% |
Earlier: Sept 2025–Nov 2025, 8.31m shares for £9.1m; Jul 2025–Sept 2025, 20.45m shares for £56.5m.
As of 12 Oct 2026
As stated in the 12 Oct 2026 announcement.
New shares are fine for holders if the bitcoin they fund grows faster than the share count. That shows up as rising sats per share.
| Over | Shares (fully diluted) | Bitcoin held | Sats per share |
|---|---|---|---|
| 1 monthfrom 6 Oct 2026 | +0.5% | +3.7% | +3.2% |
| 3 monthsfrom 6 Aug 2026 | +2.1% | +5.1% | +2.9% |
| 6 monthsfrom 6 May 2026 | +2.6% | +1.6% | −1.0% |
| 1 yearfrom 6 Nov 2025 | −5.1% | +7.0% | +12.7% |
Fully diluted share counts follow the company's published figures.
| Date | Event | Shares | Proceeds | In issue after | Unsold ATM | ITM warrants |
|---|---|---|---|---|---|---|
| 22 Oct 2026 | ATM sale | 1,076,000 | £590k @ 55.0p | — | 36,416,788 | — |
| 12 Oct 2026 | Shares in issue | — | — | 378,240,705 | — | — |
| 12 Oct 2026 | Shares in issue | — | — | 378,240,705 | — | — |
| 12 Oct 2026 | Warrant exercise | 2,650,000 | — | — | — | 29,028,732 |
| 12 Oct 2026 | ATM sale | 838,000 | £579k @ 69.0p | — | 37,492,788 | — |
| 5 Oct 2026 | ATM sale | 2,883,000 | £2.2m @ 75.0p | — | 38,330,788 | — |
| 28 Sept 2026 | Shares in issue | — | — | 375,590,705 | — | — |
| 28 Sept 2026 | ATM sale | 2,710,442 | £1.9m @ 70.0p | — | 41,213,788 | — |
| 28 Sept 2026 | Warrant exercise | 750,000 | — | — | — | 31,678,732 |
| 24 Aug 2026 | ATM sale | 225,000 | £76k @ 34.0p | — | 43,924,230 | — |
| 3 Aug 2026 | Warrant exercise | 2,875,000 | — | — | — | 32,428,732 |
| 3 Aug 2026 | Shares in issue | — | — | 374,840,705 | — | — |
| 3 Aug 2026 | ATM sale | 3,300,000 | £1.0m @ 31.0p | — | 44,149,230 | — |
| 20 Jul 2026 | ATM sale | 703,160 | £207k @ 29.5p | — | 47,449,230 | — |
| 15 Jun 2026 | ATM sale | 1,067,000 | £299k @ 28.0p | — | 48,152,390 | — |
| 8 Jun 2026 | ATM sale | 502,250 | £146k @ 29.0p | — | 49,219,390 | — |
| 1 Jun 2026 | Shares in issue | — | — | 371,965,705 | — | — |
| 1 Jun 2026 | Warrant exercise | 18,762,603 | — | — | — | 35,303,732 |
| 11 May 2026 | ATM sale | 2,345,900 | £923k @ 39.0p | — | 49,721,640 | — |
| 7 May 2026 | Shares in issue | — | — | 353,203,102 | — | — |
| 5 May 2026 | ATM sale | 310,000 | £118k @ 38.0p | — | 52,067,540 | — |
| 20 Apr 2026 | ATM sale | 4,286,410 | £1.5m @ 36.0p | — | 52,377,540 | — |
| 9 Apr 2026 | Snapshot | — | — | — | — | 54,066,335 |
| 1 Apr 2026 | Shares in issue | — | — | 351,919,127 | — | — |
| 23 Mar 2026 | Shares in issue | — | — | 351,919,127 | — | — |
| 9 Mar 2026 | ATM sale | 170,135 | £63k @ 37.0p | — | 56,663,950 | — |
| 2 Mar 2026 | Shares in issue | — | — | 351,919,126 | — | — |
| 23 Feb 2026 | Shares in issue | — | — | 351,919,126 | — | — |
| 23 Feb 2026 | ATM sale | 75,000 | £27k @ 36.0p | — | 56,834,085 | — |
| 16 Feb 2026 | ATM sale | 510,368 | £192k @ 38.0p | — | 56,909,085 | — |
| 9 Feb 2026 | ATM sale | 1,414,047 | £543k @ 38.0p | — | 57,419,453 | — |
| 2 Feb 2026 | ATM sale | 187,000 | £82k @ 44.0p | — | 58,833,500 | — |
| 26 Jan 2026 | ATM sale | 955,000 | £520k @ 54.0p | — | 59,020,500 | — |
| 15 Jan 2026 | ATM sale | 3,265,000 | £1.7m @ 51.0p | — | 59,975,500 | — |
| 24 Dec 2025 | Shares in issue | — | — | 350,237,093 | — | — |
| 17 Nov 2025 | ATM sale | 230,000 | £141k @ 61.0p | — | 13,240,500 | — |
| 3 Nov 2025 | ATM sale | 407,500 | £277k @ 68.0p | — | 13,470,500 | — |
| 20 Oct 2025 | ATM sale | 1,337,000 | £1.2m @ 89.0p | — | 13,878,000 | — |
| 6 Oct 2025 | Shares in issue | — | — | 300,237,093 | — | — |
| 6 Oct 2025 | ATM sale | 2,507,000 | £2.6m @ 102.0p | — | 15,215,000 | — |
| 22 Sept 2025 | ATM sale | 3,826,799 | £5.0m @ 130.0p | — | 17,722,000 | — |
| 8 Sept 2025 | ATM sale | 2,043,000 | £2.6m @ 128.0p | — | 548,799 | — |
| 4 Sept 2025 | Shares in issue | — | — | 290,556,453 | — | — |
| 29 Aug 2025 | Shares in issue | — | — | 269,556,453 | — | — |
| 26 Aug 2025 | ATM sale | 1,898,201 | £3.7m @ 193.0p | — | 2,591,799 | — |
| 11 Aug 2025 | ATM sale | 3,452,086 | £7.6m @ 221.0p | — | 4,490,000 | — |
| 4 Aug 2025 | Shares in issue | — | — | 269,556,453 | — | — |
| 31 Jul 2025 | Shares in issue | — | — | 265,596,547 | — | — |
| 28 Jul 2025 | ATM sale | 6,057,914 | £19.7m @ 325.0p | — | 7,942,086 | — |
| 18 Jul 2025 | Shares in issue | — | — | 265,596,547 | — | — |
| 9 Jul 2025 | Shares in issue | — | — | 259,649,448 | — | — |
| 7 Jul 2025 | Shares in issue | — | — | 256,467,435 | — | — |
| 7 Jul 2025 | ATM sale | 7,000,000 | £22.9m @ 327.0p | — | 14,000,000 | — |
| 1 Jul 2025 | Shares in issue | — | — | 242,467,435 | — | — |
| 26 Jun 2025 | Shares in issue | — | — | 242,467,435 | — | — |
| 23 Jun 2025 | Shares in issue | — | — | 228,245,812 | — | — |
| 16 Jun 2025 | Shares in issue | — | — | 220,479,093 | — | — |
| 5 Jun 2025 | Shares in issue | — | — | 204,181,466 | — | — |
| 30 May 2025 | Shares in issue | — | — | 187,642,667 | — | — |
| 23 May 2025 | Shares in issue | — | — | 187,642,667 | — | — |
| 15 May 2025 | Shares in issue | — | — | 173,699,862 | — | — |
| 8 May 2025 | Shares in issue | — | — | 160,916,677 | — | — |
| 25 Apr 2025 | Shares in issue | — | — | 146,901,357 | — | — |