Banco Bilbao Vizcaya Argentaria S.A. Reduces Coinbase Global Holdings

The Spanish bank decreased its stake in the cryptocurrency exchange by 34.9% in Q3 2025.

Mar. 15, 2026 at 8:21am by Ben Kaplan

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Banco Bilbao Vizcaya Argentaria S.A. (BBVA), a major Spanish financial group, decreased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 34.9% in the third quarter of 2025, according to a recent SEC filing. The institutional investor now owns 276,747 shares of the cryptocurrency exchange's stock, worth approximately $92.72 million.

Why it matters

Coinbase is one of the largest and most prominent cryptocurrency exchanges, and its stock performance is closely watched by investors and analysts. BBVA's reduction in its Coinbase holdings could signal broader concerns about the cryptocurrency market or Coinbase's business outlook.

The details

In the third quarter, BBVA sold 148,292 shares of Coinbase, reducing its total stake to 276,747 shares. The bank now owns approximately 0.10% of Coinbase Global, making it the 20th largest institutional holder of the stock.

  • BBVA decreased its Coinbase position in the third quarter of 2025.

The players

Banco Bilbao Vizcaya Argentaria S.A.

A major Spanish financial group and one of the largest institutional investors in Coinbase Global.

Coinbase Global, Inc.

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

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The takeaway

BBVA's reduction in its Coinbase holdings could signal broader concerns about the cryptocurrency market or Coinbase's business outlook, as the exchange is one of the largest and most prominent players in the industry.