and they're lighting up the scoreboard!With the crypto market's roller-coaster ride, it's no wonder they're seeing some exciting revenue jumps.
Is this the dawn of a new era or just a fleeting moment of sunshine? What's your take?
Their Q2 report is glowing thanks to Bitcoin's price rocketing (despite BTC tickers showing a dip to $29,373).
Boasting a whopping 152,800 BTC by July's end, they’re among America's leading corporate BTC holders.
Last year, the deficit was $1.1 billion. They’ve pulled a U-turn, netting a cool $22.2 million this year.
Beating the odds, Block saw a 34% YoY Bitcoin revenue bump.
By Aug 3, the stats were dazzling: $2.4 billion in Bitcoin sales and a tidy profit of $44 million, up by 7% from last year.
Overall, revenue got a 25.6% lift, leaping from $4.4 billion to $5.53 billion.
They dropped a $663 million in net revenue on Aug 3. And get this: non-trading revenue outshined trading revenue for the first time, clocking in at $335.4 million.
Sure, revenue saw a 10% dip compared to Q2 2022,but the game's changing, and they're securing their top spot in the US, trimming their losses below $100 million.
Yet, it wasn't all sunshine and rainbows;they faced a 25% drop in asset management fees.
Still, Q2 profits reached 5.3 million pounds ($6.76 million), bouncing back from a 0.6 million pounds ($0.77 million) loss in 2022.
For the first time since their grand debut, Robinhood's Q2 report is painted in black, showcasing a net gain of $25 million.
Introducing the issuer of USDT - the most popular stablecoin.
Don’t rush to a conclusion, not now.
We wanna see steady growth, quality products, and authentic user reviews.
Oh, Smoothie can help with that. 😉
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