Paragon Capital Management sold 7,653 Coinbase Global shares valued at $2.59 million, representing a 0.5% change in assets under management. Coinbase remains Paragon’s third-largest holding at 9.4% of AUM. The trade was disclosed in an SEC filing on Oct. 15, 2025, based on quarterly average prices.

The sale reduced Paragon’s stake in Coinbase, bringing the fund’s position to 148,330 shares worth about $50 million. Coinbase’s stock price was $341.55 on Oct. 14, up 73.9% in the past year. Paragon’s top holdings include Vanguard, Invesco, and Airbnb, with Coinbase as the third-largest holding.

Coinbase offers a digital asset trading platform, custodial services, and developer tools for crypto-based applications. The company serves individual investors, institutional traders, and developers in the cryptoeconomy. Coinbase stock performance is impacted by market sentiment, making it volatile for short-term traders but promising for long-term investors.

Paragon Capital’s sale of Coinbase shares does not indicate a lack of confidence in Coinbase’s fintech business model. Coinbase’s profitable position in digital finance and leading market presence make it an attractive long-term investment. The company’s scale and product diversity position it as a key player in the finance-technology intersection.

Read more at Nasdaq: Paragon Capital Management Sells 7,600 Coinbase Global Shares