Key Takeaways
- Brian Armstrong simply “airdropped” alpha straight into the luggage of merchants on Polymarket and Kalshi.
- He actually hit almost each key phrase that the prediction market merchants had wagered on.
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Coinbase CEO Brian Armstrong shocked listeners throughout the firm’s third-quarter earnings name on Thursday after mentioning almost each key phrase that prediction market merchants had wagered he would say.
“I used to be somewhat distracted as a result of I used to be monitoring the predictions market about what Coinbase will say of their subsequent earnings name,” mentioned Armstrong as he wrapped up Coinbase’s earnings name, “and I simply wish to, you realize, add right here, the phrases Bitcoin, Ethereum, blockchain, staking, and web3, to ensure we get these in earlier than the top of the decision.”
The second inadvertently handed a win to Kalshi and Polymarket bettors.
lol this was enjoyable – occurred spontaneously when somebody on our workforce dropped a hyperlink within the chat https://t.co/tQiV3B9jUj
— Brian Armstrong (@brian_armstrong) October 31, 2025
Coinbase reported regular progress in Q3 with a 37% improve in transaction revenues reaching $1 billion, pushed by a rebound in buying and selling volumes, which touched $295 billion. Whole income for the quarter escalated to $1.9 billion with a web revenue of $433 million.
Armstrong confirmed that Coinbase had added 2,772 BTC valued at over $300 million throughout the quarter. With 14,548 BTC presently on its stability sheet, the corporate ranks within the high ten public firms when it comes to Bitcoin holdings.
