The Real Bull Case: Why Coinbase Could Explode When Crypto Recovers
Published: February 18, 2026
Duration: 32:24
In this episode of the Milk Road Show, we break down Coinbase’s latest earnings report and explain why the market may be completely mispricing the company. While headlines focused on a reported net loss, the deeper story tells something very different. When you strip out unrealized crypto losses from Coinbase’s balance sheet, the core business remains profitable and continues to generate hundreds of millions in adjusted earnings.
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