Coinbase Shares Sold by Investment Firm

Kemnay Advisory Services Inc. trims its stake in the cryptocurrency exchange

Mar. 8, 2026 at 11:50am by Ben Kaplan

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Kemnay Advisory Services Inc., an institutional investor, has reduced its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 11.6% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm previously owned 205,300 shares of the cryptocurrency exchange's stock, but has now sold 27,046 shares.

Why it matters

Coinbase is one of the largest and most prominent cryptocurrency exchanges, and changes in institutional ownership can provide insights into investor sentiment around the company and the broader crypto market. This move by Kemnay Advisory Services may signal some caution or rebalancing in their crypto exposure, though the firm still maintains a sizable position in Coinbase.

The details

According to the 13F filing, Kemnay Advisory Services Inc. owned about 0.08% of Coinbase Global as of the end of the third quarter. The firm's portfolio is heavily weighted towards the cryptocurrency exchange, with Coinbase comprising 10.5% of its total holdings. The sale of 27,046 shares represents an 11.6% reduction in Kemnay's Coinbase position.

  • Kemnay Advisory Services Inc. filed the 13F report for the third quarter of 2026.

The players

Kemnay Advisory Services Inc.

An institutional investment firm that has a sizable stake in Coinbase Global, the cryptocurrency exchange.

Coinbase Global, Inc.

A U.S.-based company that operates one of the largest cryptocurrency exchange platforms.

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The takeaway

This reduction in Coinbase holdings by Kemnay Advisory Services, while relatively modest, could signal some caution or rebalancing in the firm's crypto exposure. However, Coinbase remains a significant position in Kemnay's portfolio, suggesting the firm still sees long-term potential in the cryptocurrency exchange.