Coinbase shares rose more than 7% in pre-market trading, suggesting that the negative impact of the huge Q4 loss may have been fully digested.

According to Mars Finance, on February 13th, Coinbase stock rose over 7% pre-market, currently trading at $151.08. This followed Coinbase's release of its 2025 financial report, showing a net loss of $667 million in Q4, which caused its stock price to fall 7.9% at yesterday's close. 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 statements may have resonated with the market.