Coinbase has gone back to holding more BTC over ETH as investments in their balance sheet. Last quarter, they held more ETH but as per their latest filing, they hold more BTC

As per the latest filings made by Coinbase, they have reverted back towards holding more BTC over ETH as balance sheet investments.

As per the filing, they hold $151 Million worth BTC, and $138 Million worth ETH. The disclosure makes them one of the largest corporate holders of BTC and perhaps the largest corporate holder of ETH.

Coinbase 2022 10K Annual Report

However, as on September 30, 2022 they held more ETH than BTC.

Coinbase earlier filing from September 2022

Comparing the filings, it appears that Coinbase has sold a portion of both their BTC and ETH holdings in Q4 2022, however they have indeed sold and booked more profit on ETH compared to BTC.

Note that these are balance sheet investments, and not customer assets held on their platform.