
The $81 million Robinhood made in crypto revenue was more than double made from equities in Q2.
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Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine.
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MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin’s 65% price rally into account.
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Marathon announced a 467% increase in Bitcoin production year-on-year in the third quarter, while hashrate rose over 400% in the same timeframe.
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Michael Saylor founded MicroStrategy has bought 6,067 Bitcoin since the start of the third quarter.
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The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023.
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Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023.
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