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CalSTRS Buys More Coinbase Shares as DeFi Earn Expands to Brazil

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Sig2.35Sen-0.85Env0.00Soc+0.55Gov+0.20

California State Teachers Retirement System increased its Coinbase stake by buying 46,558,893 shares during the quarter, bringing total ownership to 46,883,279 shares. Coinbase also expanded its Morpho-powered DeFi Earn product to Brazil, letting eligible customers earn additional USDC rewards without a lock-up period. Coinbase’s latest quarter showed EPS of ($1.36), missing the ($0.44) consensus estimate.

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