Fri Jul 18 13:50:00 UTC 2025: Here’s a summary of the text and a news article based on it:

**Summary:**

Patient Capital Management’s “Patient Capital Opportunity Equity Strategy” outperformed its benchmark, the S&P 500, in Q2 2025, generating a 15.3% return versus the S&P’s 10.9%. The fund highlighted Coinbase Global as a key holding, noting its strong performance driven by the broader cryptocurrency market and positive developments like institutional adoption, wallet enhancements, and a more favorable regulatory environment following Trump administration actions like the GENIUS Act and the Strategic Bitcoin Reserve. Despite acknowledging Coinbase’s potential, Patient Capital suggests that certain AI stocks present more compelling investment opportunities.

**News Article:**

**Patient Capital’s Opportunity Equity Strategy Soars, Highlights Coinbase Amid Crypto Surge**

**[CITY, STATE] – July 18, 2025** – Patient Capital Management’s “Patient Capital Opportunity Equity Strategy” delivered a strong performance in the second quarter of 2025, achieving a 15.3% net return, significantly outpacing the S&P 500’s 10.9% gain. According to their Q2 investor letter, a key driver of this success was their stock selection, though allocation and interaction effects partially offset the gains.

The fund spotlighted Coinbase Global, Inc. (NASDAQ:COIN), a leading crypto platform, as a notable contributor to its positive results. Coinbase experienced a significant rebound during the quarter, mirroring the strength of Bitcoin and the broader cryptocurrency market.

“We believe it remains early innings for institutional adoption and exposure to digital assets, and Coinbase is steadily solidifying its position as the platform of choice within the crypto ecosystem,” Patient Capital stated in their investor letter. They also cited Coinbase’s ongoing innovation, including enhancements to its wallet, Base platform, and USD Coin, as potential catalysts for further growth. The firm further noted the impact of recent regulatory changes, including the Trump administration’s passage of the GENIUS Act and the implementation of a Strategic Bitcoin Reserve.

On July 17, 2025, Coinbase shares closed at $410.75, boasting a market capitalization of $104.62 billion. The stock had a one-month return of 33.20% and a 52-week gain of 59.34%.

While Patient Capital acknowledges Coinbase’s potential, they suggest that other investment opportunities, particularly in the AI sector, may offer greater upside with less downside risk. The fund indicated it is currently prioritizing investments in specific AI stocks that stand to benefit from Trump-era tariffs and the ongoing onshoring trend.

[Link to Patient Capital’s Q2 Investor Letter]

[Link to “Best Short-Term AI Stock” Report]

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