VISI.NEWS | BANDUNG – Coinbase stock surged to a new all-time high of $436 during early trading on July 18, driven by renewed investor confidence following a series of major legislative victories for the crypto industry.
According to Yahoo Finance, this marks the highest price for Coinbase shares since the company made its Nasdaq debut in 2021.
The price jump has also strengthened Coinbase’s weekly performance, with shares up 14% over the past five trading days.
This momentum has significantly contributed to Coinbase’s market capitalization, reinforcing its position as one of the leading crypto platforms in the United States.
Why Coinbase Stock is Rallying
The bullish trend came shortly after the U.S. House of Representatives passed two key crypto-related bills the GENIUS Act and the CLARITY Act. These bills, which are now awaiting approval from President Donald Trump, are seen as a historic step toward regulatory clarity in the digital asset space.
Coinbase CEO Brian Armstrong stated
“We are getting incredibly close to finally having clear rules for crypto to grow this industry in the United States of America.”
Sumit Gupta, CEO of India-based CoinDCX, echoed the sentiment
“This provides more regulatory clarity and legitimizes crypto on a global stage. It also paves the way for mainstream adoption and real-world use cases.”
Insider Selling Amid Institutional Buying
At the same time, Coinbase’s stock rally has been supported by growing interest from major institutional investors.
Data from Quiver Quantitative revealed that the State of Alaska opened a new $8 million position in Coinbase shares. Similarly, the Czech National Bank disclosed an $18 million stake in the company at the end of Q2.
However, this wave of institutional buying has been accompanied by significant insider selling.
Data from Dataroma shows that Coinbase executives sold over $230 million worth of stock in the past week. CEO Brian Armstrong accounted for $228 million of that figure, while CFO Alesia Haas sold $2 million worth of shares.
This contrast between insider selling and institutional buying has sparked questions about short-term valuation, even as long-term confidence in Coinbase and the broader crypto sector remains strong.
@gvr
