Coinbase, Strategy Mark Major Profit Surges In Q3: Unveiling The Numbers

In a recent financial disclosure, two of the crypto industry’s giants, Coinbase (COIN) and Strategy (MSTR), reported significant gains in their third-quarter (Q3) ￰0￱ Surges Past Profit Expectations Coinbase exceeded analysts’ expectations for its Q3 profit, buoyed by increased volatility in digital assets that elevated trading volumes on its ￰1￱ company reported a transaction revenue of $1.05 billion for the quarter, a substantial rise from $572.5 million during the same period last year. Additionally, the cryptocurrency exchange recorded a net income of $432.6 million, translating to $1.50 per share, compared to just $75.5 million, or $0.28 per share, a year ￰2￱ had projected a profit of $1.06 per share, according to ￰3￱ Reading: Bitcoin, XRP, Ethereum Dip Post Fed’s Rate Cut: What’s Next For Crypto?

Coinbase also completed its acquisition of Deribit in the third ￰4￱ Haas, the company’s finance chief, noted during a conference call that Deribit commands over 75% of the market share for options, primarily outside the ￰5￱ acquisition opens pathways for Coinbase to expand its options market within the ￰6￱ part of its broader strategy, Coinbase also highlighted its commitment to accelerating payments through stablecoin adoption, citing favorable policy trends and growing interest from financial institutions and ￰7￱ Bartosiak, a stock strategist at Zacks Investment Research, remarked, “Coinbase is cash-rich and growth-ready,” emphasizing that the company is evolving beyond merely trading cryptocurrencies to establishing the infrastructure for a new financial ￰8￱ Corporate Bitcoin Holder Posts $2.78 Billion Net Profit Meanwhile, Strategy, previously MicroStrategy, reported profits in the third quarter after experiencing a loss the previous ￰9￱ positive sentiment surrounding the cryptocurrency sector has benefited the company, which is the largest corporate Bitcoin (BTC) ￰10￱ Reading: Bitcoin Price Path Ahead: 10 Indicators Converge For Market Surge, End-Of-2025 Projections As of October 26, the company held 640,808 Bitcoin, with a total acquisition cost of $47.44 billion, averaging $74,032 per ￰11￱ the market’s leading crypto currently trading around $107,400 when writing, the company’s holdings are positioned for significant appreciation.

Strategy’s net profit for the three months ended September 30 was reported at $2.78 billion, or $8.42 per share, contrasting sharply with a loss of $340.2 million, or $1.72 per share, a year earlier. However, it’s worth noting that Strategy’s shares have declined 12% so far in 2025, even as Bitcoin prices have risen by 14.5%. COIN stocks closed Thursday’s trading session with a 3% surge toward $328 on the wake of the financial disclosure. Similarly, Strategy’s shares climbed nearly 4% following its earnings report toward the $254 ￰12￱ image from DALL-E, chart from ￰13￱