CalPERS Boosts Stake in Coinbase, Signaling Growing Institutional Acceptance

The California Public Employees Retirement System (CalPERS) has made a significant move in the cryptocurrency market by increasing its stake in Coinbase Global, Inc.

According to recent filings with the Securities and Exchange Commission, CalPERS acquired an additional 26,975 shares of Coinbase during the third quarter of 2026, bringing its total holding to 359,766 shares.

This represents about 0.13% of Coinbase's outstanding shares, valued at approximately $121.4 million.

The investment is part of a broader strategy by CalPERS to diversify its portfolio and gain exposure to the rapidly evolving cryptocurrency market.