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Strategy reported an $8.22 billion second-quarter net loss, driven primarily by an $8.32 billion unrealized loss on its Bitcoin holdings as the cryptocurrency’s price declined during the quarter.As of July 26, Strategy held 843,775 Bitcoin (BTC), up 25% from the beginning of the year. The company al…
As bitcoin fell dramatically year-over-year, Strategy swung from a $10 billion profit in the second quarter of 2025 to an $8.2 billion loss this year, the company said Thursday.Strategy's loss was driven almost entirely by unrealized, paper losses on its bitcoin holdings. The firm grew its BTC holdi…
Treasury Secretary Scott Bessent on Thursday urged the Senate to hold an immediate vote on the CLARITY Act, arguing the legislation is essential to keeping the U.S. at the forefront of the digital asset industry.In a post on X, Bessent said the House passed the bill more than a year ago and noted th…
WASHINGTON (dpa-AFX) - Coinbase Global Inc. (COIN) on Thursday reported a wider second-quarter loss as softer crypto market conditions weighed on trading activity.For the second quarter, the company reported a net loss of $359.5 million, or $1.36 per share, compared with net income of $1.43 billion,…
Coinbase Global (COIN) shares fell nearly 7% in after-hours trading on Thursday after the crypto exchange reported second-quarter results that missed Wall Street expectations, as weaker digital asset trading weighed on its core business. The company, however, pointed to growing subscription revenue …
Virtu Financial's second-quarter revenue rose 19.0% to $1.19 billion, but net income fell 2.7% to $284.9 million, according to unaudited results released today (Thursday). Operating expenses increased almost 30%, narrowing the company's net income margin to 23.9% from 29.3%.The final figures closely…
Cathie Wood's Ark Invest trimmed several of its crypto holdings on Wednesday, including Tom Lee-backed Bitmine Immersion Technologies (BMNR), despite calling the firm's Ethereum (ETH) accumulation strategy an "exponential opportunity” in the outlook for 2026.According to the firm's daily trade discl…
Fortitude Mining Holdings, Inc. ("Fortitude" or the “Company”), a vertically-integrated digital asset mining platform anchored in Zcash today announced it has executed a definitive purchase agreement with Bitmain for 9,000 Antminer Z15 Pro units, purpose-built Equihash ASICs and the leading hardware…
Sen. Bernie Sanders (I-VT) said on Wednesday that the cryptocurrency companies are lobbying Congress to pass what he called the "corrupt" Clarity Act as payback for their election-season political spending.Sanders Says Big Crypto Interests Are Calling the ShotsSanders shared a video on X of his conv…
Cathie Wood-led investment firm Ark Invest sold shares of Bitmine, Block, Bullish, and Robinhood on Wednesday as the stocks traded lower.According to Ark's Wednesday trading disclosure, the firm sold 120,665 shares in Bitmine, worth around $2 million, from its ARKK exchange-traded fund. The Tom Lee-…
Xencor Inc :XENCOR TO RECEIVE $105 MILLION FROM ALEXION TO RESOLVE ULTOMIRIS® U.S. ROYALTY MATTERXENCOR - FIRST $52.50 MILLION PAYMENT EXPECTED AUGUST 2026; SECOND PAYMENT DUE ONE YEAR LATERXENCOR - TO CONTINUE RECEIVING ROYALTIES ON EX-U.S. ULTOMIRIS SALES
Robinhood Markets reports 44% growth in transaction-based revenues, no thanks to cryptocurrency. Within the segment, revenue from cryptocurrency trades fell 38% to $100 million. Total crypto notional trading volumes were $40 billion, including a 35% drop in Robinhood App Notional Volumes to $18 bill…