The Ether Machine vs Coinbase
Side-by-side crypto treasury comparison across tokens: ETHM (Ethereum) vs COIN (Bitcoin). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.


ETHM (Ethereum) holds 496,712 ETH worth $776.8M. COIN (Bitcoin) holds 16,949 BTC worth $1.0B. COIN has the larger USD-value treasury — roughly 1.3× larger.
Not in token-native amounts — ETHM holds Ethereum and COIN holds Bitcoin, so "496,712 ETH" and "16,949 BTC" measure different assets. The honest comparison is USD market value: $776.8M vs $1.0B at current prices.
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
ETHM disclosed a 0 ETH purchase on March 6, 2026.
COIN disclosed a 1,073 BTC purchase on May 7, 2026.