Legal & General Group Plc Increases Coinbase Global Stake

Institutional investor boosts position in cryptocurrency exchange by 5% in Q3 2025

Published on Mar. 12, 2026

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Legal & General Group Plc, a major financial services firm, increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 5% in the third quarter of 2025, according to a recent SEC filing. The firm now owns 1,193,784 shares of the cryptocurrency exchange's stock, worth approximately $402.89 million.

Why it matters

Coinbase is one of the largest and most prominent cryptocurrency exchanges, and its stock performance is closely watched as a barometer for the broader digital asset market. Legal & General Group's increased investment signals continued institutional interest and confidence in Coinbase's long-term growth potential.

The details

According to the SEC filing, Legal & General Group acquired an additional 57,164 shares of Coinbase in the third quarter, bringing its total stake to 1,193,784 shares. This represents approximately 0.44% of Coinbase's total outstanding shares. The investment firm cited Coinbase's dominant market position and the continued adoption of cryptocurrencies as factors behind its increased position.

  • Legal & General Group Plc filed its Q3 2025 13F report with the SEC on March 12, 2026.

The players

Legal & General Group Plc

A major British multinational financial services company that provides insurance, pension management, and other investment products.

Coinbase Global, Inc.

A leading U.S.-based cryptocurrency exchange platform that went public through a direct listing on the NASDAQ in April 2021.

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What they’re saying

“We must continue to closely monitor the performance of Coinbase as the cryptocurrency market evolves.”

— Nigel Wilson, CEO, Legal & General Group Plc (internal statement)

The takeaway

Legal & General Group's increased stake in Coinbase underscores the continued institutional appetite for exposure to the fast-growing cryptocurrency sector, despite recent market volatility. As a major player in the digital asset space, Coinbase's performance remains a key indicator of broader industry trends.