Earnings
MicroStrategy's Bitcoin Maximalist CEO Saylor Hands Job to Deputy, Takes Executive Chairman Role
Saylor says he plans to focus on buying bitcoin, leaving MicroStrategy's software business in the hands of the new CEO.
Broker Robinhood Slashing Nearly One-Quarter of Workforce
Crypto business rose for the company in the second quarter even as overall trading revenue slipped.
MicroStrategy Reports $918M Impairment Charge on Bitcoin Holdings in Q2
The software firm owns 129,699 bitcoins worth approximately $3 billion.
Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Meta reported revenue of $452 million for the division, down from $695 million in the first quarter.
Tesla Recorded $64M Gain on Bitcoin Sales in Q2
The electric car company also posted an impairment of $170 million on its remaining bitcoin holdings.
Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending
The bank posted strong second-quarter earnings, outperforming its crypto peers’ due to strong risk management.
Tesla Sold $936M Worth of Bitcoin in Second Quarter
The price of bitcoin fell about 1.7% following the news but regained its losses after CEO Elon Musk said Tesla was open to boosting its bitcoin exposure in the future.
Silvergate's Q2 Net Income Jumps 85%, Shares Spike
The crypto bank's stock rose about 22% in Tuesday's trading session.
CoinShares' Losses From Terra's Slide Hit $21.4M
Liquidating the digital asset firm's position was a "humbling lesson," the CEO said.
Nvidia’s Crypto Mining Chip Revenue Now ‘Nominal’ Following Months of Decline
A drop in crypto mining chip sales dragged down the chipmaker’s OEM business unit year-over-year.
