Quick DD on $COIN

Coinbase (founded 2012) is the largest cryptocurrency exchange in the United States by trading volume. Who uses Coinbase? Coinbase is in 100+ counties, and they have over 68 million verified users. Last quarter, Retail Monthly Transacting Users (MTUs) grew to 8.8 million, up 44% from Q1 2021. How do they many money? Last quarter they had $2.0 billion in net revenue, including $1.9 billion from transactions and $100 million in subscription & services revenue. What does the future have in store for Coinbase? Along with being an exchange, $COIN will be a hodler. In August, they announced plans to purchase $500 million in non-fiat currency and use 10% of their profits to purchase more non-fiat currency in the future. Think about that - the most popular non-fiat currency was priced under $50K in Aug/Sept and now it is $64K. That's a massive return on investment. They announced Coinbase NFT, a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier than ever. They have over 1.8 million users on the waitlist to join. Today! They announced a partnership with Facebook. They will be store non-fiat currency for Facebook's new digital wallet, Novi, which will enable users to send and receive money abroad instantly, securely and with no fees. Today! Coinbase and NBA sign a multiyear partnership deal. Specifics are not yet revealed. So what? Buy the stock! Buy calls! Sell puts! Oppenheimer’s Owen Lau rates COIN an Outperform with a $444 price target. That is 45% upside from here. This company has massive YoY revenue growth, and they have actual earnings. ​ Company Q2 Net Income Current Market Cap SQ 204.02M 117B PYPL 1.18B 320B TSLA 1.14B 856B COIN 1.61B 64B ​ I pity the fool that doesn't buy $COIN.