BitGo’s second-quarter earnings confirmed $4.329 billion of revenue, but virtually all of the gross sales generated by its largest enterprise line flowed again out as transaction costs. Revenue elevated 79.6% from a 12 months earlier, based on BitGo’s second-quarter earnings release. Yet the headline quantity can obscure the underlying economics: Digital Asset Sales generated $4.198…
FG Nexus has deserted its Ethereum treasury technique lower than a 12 months after launch, redirecting its focus towards actual property improvement. In an Aug. 12 SEC filing, the Nasdaq-listed service provider financial institution disclosed that it offered all of its digital belongings earlier than June 30 and held no cryptocurrency at quarter-end. FG Nexus,…
Zcash treasury agency and Leap Therapeutics proprietor, Cypherpunk Technologies, reported $39.4 million in second-quarter web earnings, reversing a $16.6 million loss a yr earlier. Cypherpunk recorded a $4.7 million operating loss, whereas a $46 million unrealized gain on its ZEC treasury drove the change in its backside line. Research and growth expense accounted for $0.2…
Bitcoin miner HIVE Digital Technologies missed the Aug. 10 deadline for its quarter-ended-June 30 Form 10-Q at the same time as preliminary income climbed to roughly $79 million. In an Aug. 11 late-filing discover, the agency mentioned the delay relates solely to the accounting and disclosures for contested Swedish value-added tax assessments, and that it…
Nasdaq-listed Tron Inc. continues increasing its TRX treasury reserve as it routes practically all of its holdings by JustLend, the biggest DeFi platform on the TRON blockchain. On Aug. 12, the corporate said it acquired one other 148,944 TRX at an common worth of $0.3357, pushing reported holdings above 709.4 million TRX. The buy follows…
eToro’s customers executed 1.4 million crypto trades in July, down 73% from a yr earlier. The common quantity invested per commerce halved to $182. In the identical Aug. 11 replace, the buying and selling platform agreed to pay consideration of up to $231 million for TradeZero. TradeZero is a US-focused brokerage serving active stock traders….
SharpLink reported a $394.3 million web loss for the second quarter of 2026, with the outcome pushed largely by non-cash Ethereum revaluation losses and liquid staking token impairment costs. The firm’s submitting exhibits $321.0 million in unrealized ETH losses and $76.1 million in impairment costs tied to liquid staking tokens. At the identical time, staking…
Empery Digital has disclosed the sale of 1,635 BTC for $102.2 million, utilizing the proceeds to help debt reimbursement and share buybacks as its unrestricted Bitcoin buffer narrows. The firm’s Form 10-Q filed on August 7 exhibits complete holdings fell to 1,279 BTC. Of that, 954 BTC was pledged as collateral, leaving 325 BTC unrestricted….
Bakkt, a digital-asset infrastructure firm, reported $80.8 million of web earnings attributable to the corporate in its Q2 2026 outcomes, reversing a $14.7 million loss a 12 months earlier. But its Aug. 10 outcomes present that funding marks, somewhat than an enchancment in crypto-services operations, drove the profit. Related Reading Bakkt promised a $44 trillion…
Ethereum treasury firm SharpLink reported a $1.08 billion internet loss for the six months ended June 30. Its Aug. 7 quarterly submitting attributes most of that consequence to price-related accounting prices. Much of the corporate’s treasury is staked, making conversion time a fabric a part of its liquidity profile. The submitting attributes $827.7 million of…