Coinbase Global (COIN) Regained Strength in Q2

Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy generated a total return of 15.3% net of fees in the quarter compared to the strategy’s unmanaged benchmark, the S&P 500 Index’s 10.9% return. According to a three-factor performance attribution model, the selection effect contributed positively to the portfolio’s performance, which was partially offset by allocation and interaction effects. In addition, you can check the fund’s top 5 holdings to know its best picks in 2025.

In its second quarter 2025 investor letter, Patient Capital Opportunity Equity Strategy highlighted stocks such as Coinbase Global, Inc. (NASDAQ:COIN). Based in New York, New York, Coinbase Global, Inc. (NASDAQ:COIN) offers a platform for crypto assets. The one-month return of Coinbase Global, Inc. (NASDAQ:COIN) was 33.20%, and its shares gained 59.34% of their value over the last 52 weeks. On July 17, 2025, Coinbase Global, Inc. (NASDAQ:COIN) stock closed at $410.75 per share, with a market capitalization of $104.62 billion.

Patient Capital Opportunity Equity Strategy stated the following regarding Coinbase Global, Inc. (NASDAQ:COIN) in its second quarter 2025 investor letter:

“Coinbase Global, Inc. (NASDAQ:COIN) rebounded in the second quarter, tracking strength in both Bitcoin and the broader cryptocurrency market. We believe it remains early innings for institutional adoption and exposure to digital assets, and Coinbase is steadily solidifying its position as the platform of choice within the crypto ecosystem. Recent enhancements to its wallet, Base platform, and USD Coin could help trigger broader uptake. Additionally, the Trump administration’s passage of the GENIUS Act in June along with Trump’s April executive order launching a Strategic Bitcoin Reserve, marks a pivotal shift toward a crypto-friendlier regulatory framework. We’re encouraged by Coinbase’s continued investment in innovation, which we believe will further widen its competitive moat over time.”

Coinbase Global, Inc. (COIN) Is All About Market Share, Says Jim Cramer

A shot of someone securely accepting crypto assets as payment, showcasing the company’s payment solutions.

Coinbase Global, Inc. (NASDAQ:COIN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 66 hedge fund portfolios held Coinbase Global, Inc. (NASDAQ:COIN) at the end of the first quarter, which was 69 in the previous quarter. While we acknowledge the risk and potential of COIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COIN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Coinbase Global, Inc. (NASDAQ:COIN) and shared the list of stocks that Jim Cramer recently discussed. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.