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Crypto-centered public companies record profit beating Q2 estimates

Published 08/07/2023, 03:26 AM
Updated 08/07/2023, 05:00 AM
© Reuters.
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Several crypto-centered public companies released quarterly earnings reports recently, revealing increased revenue and a jump in profits. Most of these crypto firms benefited from a rise in prices in the crypto market and a steady decline in bearish momentum, moving away from the crypto winter.

MicroStrategy: Bitcoin-focused institutional giant MicroStrategy turned profitable again in the second quarter thanks to the surge in the price of Bitcoin (BTC). MicroStrategy is one of the largest corporate holders of Bitcoin in the United States, with 152,800 BTC on its balance sheet as of July 31.

MicroStrategy outperforms other companies post-BTC adoption. Source: MicroStrategy
Block Q2 report. Source: Block
Coinbase (NASDAQ:COIN) Q2 results. Source: Coinbase
CoinShares Q2 results. Source: CoinShares
Robinhood’s Q2 2023 results. Source: Robinhood (NASDAQ:HOOD)

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