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Coinbase Stock Surges Over 7% in Pre-market Trading, Q4 Huge Loss Worries Likely Fully Priced In
BlockBeats News, February 13th, according to Bitget market information, Coinbase stock surged more than 7% in pre-market trading, now trading at $151.08.
Earlier news, Coinbase released its 2025 financial report, with a Q4 net loss of $667 million, leading to a 7.9% drop in its stock price at the close yesterday.
After the financial report, Coinbase CEO Brian Armstrong stated in a conference call that the current crypto downturn should be attributed to psychological factors rather than fundamentals or macro issues. He emphasized that the company will continue to buy BTC and repurchase stock. Furthermore, Armstrong highlighted the company's successful diversification, with strong growth in subscription services and USDC-related revenue. These statements may have been well received by the market.
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