Why I just bought more Coinbase stock 🚀 🤫 | $COIN Stock Analysis

<p>I couldn't help myself. I bought more Coinbase stock. The largest cryptocurrency exchange in the United States by trading volume, is trading at a significant discount from its IPO price. COIN is a crypto stock to watch very closely. Coinbase is highly profitable with an EBITDA Margin of 61%. &nbsp;&nbsp;</p> <p>🚀 Join the VIP Membership Group (Discord) today! ► https://fiveorlessfinance.com/&nbsp;</p> <p>Coinbase revenue tripled from last quarter ($1.80B of revenue in Q1'21 vs $585M in Q4'20 vs $191M Q1'20), which matched their estimated given in April (this is good = trust!!). Net profit was $771M (43% margin = WILD), which is more than 4X over Q4 2020′s net profit of $177M and more than 24X what it was in Q1'2020. On the earnings call, they said they planned to list dogecoin in the next 6 to 8 weeks. Roughly 94% of the company’s net revenue in Q1 came from transaction fees from trading = More volatility = More revenue. No guidance for Q2. &nbsp;&nbsp;👉 &nbsp;In my opinion, these earnings were excellent. There's not a single thing that I didn't like or that I'm concerned about. Very happy with my Coinbase position, I'm expecting great gains in the years to come. &nbsp;&nbsp;For context, 11% of the whole crypto market trades on Coinbase. They have a fast-growing 56M user base and $223B in total assets on the platform. Coinbase recognizes revenue by taking a% &nbsp;of each bitcoin transaction. If Bitcoin's market cap increases, Coinbase's revenue increases by the same %. Therein lies the risk and the opportunity. Coinbase is a pure play on Bitcoin. In 2020, only 4% of their revenues were spent on marketing. In 2021, they are planning on quadrupling the marketing spend, which will help sustain momentum and capture further market share. &nbsp;If you were to factor in cash from their balance sheet and the cash from their IPO, Coinbase has a strong liquidity position. Given the asset class, their 100% yearly revenue growth and marketing plans, I think that this multiple is justified and can sustain itself. 🔥 &nbsp;