Coinbase Stock Soars 14.6% as Bitcoin Hits $73,000 After Trump Endorsement
Coinbase shares jumped 14.6% after Bitcoin surged 7.8% to $73,000 following Donald Trump’s endorsement of crypto-friendly legislation. The exchange reported Q4 revenue of $1.78 billion (down 22% YOY) and non-GAAP EPS of $0.66, while subscription revenue rose 13.5% to $727.4 million.
1. Political Endorsement Spurs Crypto Rally
Donald Trump publicly urged banks to support the CLARITY Act, triggering a 7.8% surge in Bitcoin to about $73,000 and a 14.57% jump in Coinbase stock within hours of his remarks.
2. Q4 Financial Performance
In Q4 2025, Coinbase posted $1.78 billion in revenue, down 22% year-over-year, with non-GAAP EPS of $0.66 versus $3.37 a year ago. Subscription and services revenue climbed 13.5% to $727.4 million while total annual trading volume reached $5.23 trillion, up 156%.
3. Stock Momentum Rebounds
Over the past month, Coinbase shares have gained 19.43%, including a 12.14% increase in the last five trading sessions. Technical indicators improved as the 14-day RSI recovered to 54.41 and the MACD line crossed above its signal line, signaling renewed buying pressure.
4. Q1 Guidance and Analyst Views
Management forecasts Q1 2026 subscription and services revenue between $550 million and $630 million, with R&D and G&A expenses of $925 million to $975 million and sales and marketing of $215 million to $315 million. Analysts project Q1 EPS of $0.57 on $1.59 billion revenue, with fiscal 2027 EPS expected to rise 31.6% to $4.37.