Nepsis Inc. Increases Stake in Coinbase Global

Hedge fund boosts position in cryptocurrency exchange by nearly 24% in Q4

Mar. 28, 2026 at 11:13am by Ben Kaplan

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Nepsis Inc., a financial services firm, grew its position in Coinbase Global, Inc. (NASDAQ:COIN) by 23.8% during the fourth quarter of 2025, according to a recent SEC filing. The fund now owns 42,634 shares of the cryptocurrency exchange's stock, valued at $9.64 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. Nepsis Inc.'s increased stake suggests the firm sees long-term growth potential in Coinbase despite recent volatility in the crypto space.

The details

Nepsis Inc. added 8,208 shares of Coinbase to its portfolio during Q4 2025, bringing its total position to 42,634 shares. The stock now accounts for 3.0% of Nepsis' total holdings, making it the 20th largest position. Several other hedge funds also increased their Coinbase positions last quarter, including Integrated Wealth Concepts LLC and Empowered Funds LLC.

  • Nepsis Inc. filed its Q4 2025 13F report with the SEC on March 28, 2026.
  • The filing covers the three-month period from October 1 to December 31, 2025.

The players

Nepsis Inc.

A financial services firm that manages investment portfolios for individual and institutional clients.

Coinbase Global, Inc.

A leading cryptocurrency exchange platform based in San Francisco that went public in 2021.

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The takeaway

Nepsis Inc.'s increased stake in Coinbase suggests the firm sees long-term growth potential in the cryptocurrency exchange, even as the broader crypto market has experienced volatility. This reflects ongoing institutional investor interest in gaining exposure to the digital asset space through leading platforms like Coinbase.