New FASB rules make Bitcoin holdings a goldmine for corporate earnings

Market capitalization seems to have been the dominant driver of stock price performance last year, particularly for companies with significant Bitcoin holdings. Companies such as MicroStrategy (MSTR) and Tesla (TSLA) saw their stock prices move in tandem with Bitcoin’s price appreciation. This trend has been amplified by the broader risk-on sentiment in equities, where speculative […]

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Robinhood’s Crypto Cash Wanes, Trade Reins in Gains

The most recent earnings report from Robinhood reveals a significant decline in revenue derived from cryptocurrency transactions. The California-based company experienced an 18% drop in this revenue during the second quarter. This reduction can be attributed partly to a decrease in the number of customers engaging in trades. The earnings report highlights that revenue connected […]

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