The Louisiana State Employees’ Retirement System (LASERS) has made a significant investment move by opening a $4 million position in Coinbase Global, Inc. (NASDAQ:COIN), according to recent data from Quiver Quantitative. This investment is one of LASERS’ largest recent portfolio additions, signaling confidence in the cryptocurrency exchange’s growth potential.
Coinbase, a leading platform for cryptocurrency trading, has seen its stock price rise to $396.153 USD as of today, with a market capitalization of approximately $98.83 billion. The stock opened at $399.99, reached a high of $407.20, and dipped to a low of $387.242 during the trading session, reflecting a slight decline from the previous day’s close of $404.44. Over the past month, COIN has shown strong performance, climbing from $312.81 on June 23, 2025, to its current level, a gain of approximately 26.6%.
Over the past year, the stock has surged 76.6% from $224.36 in July 2024.LASERS, which manages $14.5 billion in assets as of June 30, 2023, oversees retirement benefits for over 38,414 active members and 49,928 retirees. The fund has been actively adjusting its portfolio, with recent moves, including a 7.0% increase in United Bankshares, Inc. (NASDAQ:UBSI) holdings, valued at $1.39 million, and a new position of 130,900 shares in CleanSpark, Inc. (NASDAQ:CLSK). The $4 million Coinbase stake underscores LASERS’ interest in diversifying into high-growth sectors like cryptocurrency.
Coinbase’s strong market position and the growing adoption of digital assets may have driven LASERS’ decision. However, the volatility of the crypto market and Coinbase’s stock, with a year-high of $444.645 and a year-low of $142.58, suggests this is a high-risk, high-reward play.
