Coinbase Global (COIN) vs Strategy (MSTR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Coinbase Global (COIN) has outperformed Strategy (MSTR) over the past year, losing 52.5% versus a loss of 53.3%. Over five years, MSTR leads with a +104.5% price change compared with -36.4% for COIN. Strategy is the larger company by market cap ($59.40 billion vs $45.63 billion), about 1.3 times the size, while Coinbase Global is growing revenue faster (+9.4% vs +3.0%).
On valuation, Strategy trades at a lower forward P/E (3.0x vs 61.0x for Coinbase Global). Coinbase Global converts more of its revenue into profit, with a net margin of 17.6% versus -806.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | COIN | MSTR |
|---|---|---|
| Share price | $172.95 | $148.96 |
| Market cap | $45.63B | $59.40B |
| 1-day change | -3.08% | -2.88% |
| YTD return | -21.09% | +0.93% |
| 1-year return | -52.51% | -53.30% |
| 5-year return | -36.41% | +104.53% |
| Forward P/E | 60.97 | 3.01 |
| EPS (TTM) | $-3.84 | $-99.08 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $7.18B | $477.23M |
| Revenue growth (YoY) | +9.40% | +2.97% |
| Net income (latest FY) | $1.26B | $-3.85B |
| Gross margin | — | 68.69% |
| Operating margin | 19.99% | -1140.82% |
| Net margin | 17.55% | -806.35% |
| 52-week high | $402.16 | $328.99 |
| 52-week low | $139.11 | $81.81 |
| Distance from 52-week high | -56.99% | -54.72% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +22.07% | +58.97% |
| Average volume | 8.92M | 21.60M |
| Shares outstanding | 222.80M | 379.11M |
| Employees | 4,951 | 1,539 |
| Sector | Finance | Technology |
| Industry | Finance: Consumer Services | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Coinbase Global is more profitable, keeping 17.6 cents of every revenue dollar as net income versus -806.3 cents for Strategy.
- Coinbase Global grew revenue faster in its latest fiscal year (+9.40% vs +2.97%).
- The two companies sit in different sectors: Coinbase Global in Finance and Strategy in Technology.
About Coinbase Global
COIN stock →Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally.
Finance · Finance: Consumer Services · 4,951 employees
About Strategy
MSTR stock →Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments.
Technology · Computer Software: Prepackaged Software · 1,539 employees
COIN vs MSTR FAQ
Which is bigger, Coinbase Global or Strategy?
Strategy (MSTR) is larger, with a market capitalization of $59.40B compared with $45.63B for Coinbase Global (COIN).
Which stock has performed better over the past year, COIN or MSTR?
COIN returned -52.51% over the past 12 months, compared with -53.30% for MSTR (price return, excluding dividends). Past performance does not predict future results.
Are Coinbase Global and Strategy in the same industry?
No. Coinbase Global is in the Finance sector, while Strategy is in Technology.