NO, Coinbase does not hold 1M BTC ($25B), once again we should be reading whole articles and not just some fancy headlines.

Yesterday we once again saw some fancy news break through, just because its headlines were quite eye-catching, something that happens way too often in Crypto and is actually quite dangerous. In this case we are talking about the news of Coinbase apparently owning 1M BTC, worth about $25B, this would put them on the same level as Satoshi Nakamoto himself.

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Yesterdays trending news on here

So it does look like some big news "Coinbase being the biggest BTC holder with above $25B, which is even more than their whole market cap and nearly as much as Satoshi Nakamoto himself", but once you would start reading the whole article and do some research yourself you will get to know this is not true at all:

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Excerpt from that article, already indicating that those are not holdings exclusive to Coinbase, but instead their customers

Here we can see how they are only talking about Coinbase Custodian, which basically means ALL the BTC Coinbase holds, including from all their users, which is strictly not theirs at all. So that 1M BTC figure does not make sense at all and rather shows how many people are just giving their BTC away to such CEX that are going to do whatever they want with them.

But thankfully this is no news that would have had some big effects on the Crypto market prices, but it is indeed quite dangerous that many people are ready to make financial decisions after just reading headlines or fake news, just look at the many dumps due to the fake news of the US government selling.

We should really start to read whole articles, especially before making financial decisions, this is the least we can do.