According to Bitget data, Coinbase shares rose more than 7% in pre-market trading on February 13, currently trading at $151.08.
Previously, Coinbase released its 2025 financial report, which showed a net loss of $667 million in Q4, causing its stock price to fall by 7.9% at the close yesterday.
In a conference call following the earnings report, Coinbase CEO Brian Armstrong stated that the current crypto downturn is driven by psychological factors rather than fundamental or macroeconomic issues. He emphasized that the company will continue to buy BTC and repurchase shares. Furthermore, Armstrong stressed the company's strong diversification, with subscription services and USDC-related revenue showing robust growth. These remarks may have resonated with the market.
