Coinbase, Strategy Report Significant Q3 Profit Gains Amid Crypto Volatility
Key Highlights from Coinbase and Strategy's Q3 Financial Disclosure:
Coinbase (COIN)
- Exceeded profit expectations with a transaction revenue of $1.05 billion, up from $572.5 million the previous year.
- Reported a net income of $432.6 million ($1.50 per share), surpassing analysts' forecast of $1.06 per share.
- Completed acquisition of Deribit, controlling over 75% of the options market outside the US, which enables expansion within the US.
- Focused on stablecoin adoption to enhance payment acceleration.
Strategy (Formerly MicroStrategy)
- Posted a net profit of $2.78 billion ($8.42 per share) against a loss of $340.2 million ($1.72 per share) in the previous year.
- Holds 640,808 Bitcoin acquired at $47.44 billion, averaging $74,032 per BTC, with current trading around $107,400.
- Shares have decreased by 12% in 2025 despite Bitcoin prices rising by 14.5%.
Both companies experienced stock price increases following their earnings reports: COIN surged 3% to $328, while Strategy gained nearly 4% reaching $254.