Coinbase$Coinbase Global, Inc.(COIN)$ still has a fairly healthy balance sheet. The company cited roughly $5.5 billion in USD resources, of which about 80% is cash and equivalents. There was a $148 million sequential decline in USD resources, but that wasn't as bad as a number of prior quarters. The major issue here is ongoing dilution, primarily through stock based compensation, which has sent the Class A (trading class) share count up by roughly 14 million shares in 2021 to nearly 183 million.

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