Despite the revenue increases, both companies also registered a net loss with MARA losing $533 million and CleanSpark $139 million.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Superstate was among several firms to propose an SEC-backed framework to bring Wall Street stocks to the blockchain.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
K33 analysts argue that 2025 will be different from prior summer lulls, with multiple Trump-driven catalysts on the horizon.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
"Strife and Strike, are the first AI-designed securities that I know of, certainly in our industry." Saylor said during a live discussion.
The thesis rests on Canaan’s vertically integrated model, combining high-performance ASIC development with the expansion of its proprietary bitcoin mining operations.
Hougan remains optimistic on crypto prices this year if the U.S. Congress can get stablecoin and market structure bills passed.
At the current bitcoin price of around $94,000, Michael Saylor's Strategy is sitting on a paper gain of about $14.2 billion.
The company trades on Nasdaq at a market cap of around $48.5 million, far less than the funds it's seeking to raise.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The brokerage's management team said April generated about $8 billion in crypto volume, which was below the $15 billion monthly average in Q1.
MSTR announced a bold “42/42 Plan” to raise $84 billion by 2027 to significantly expand its bitcoin holdings.
"Our business model is to securitize Bitcoin," Michael Saylor said last month on a webinar hosted by The Block. "We'll just keep buying."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Japanese investment firm Metaplanet plans to establish a U.S. subsidiary in Florida this month as part of its global expansion strategy.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The analysts said a new at-the-market program from Strategy following its Q1 earnings on Thursday would also bolster a bullish outlook.
Hougan also predicted the Bitcoin ETFs will generate record net inflows by the end of 2025 as remaining barriers to adoption begin to fall.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
"Hard to be bearish, in our view, on this asset with the current demand-supply dynamics," the Bernstein analysts said.
Digital assets are becoming an emerging safe haven amid concerns over the impact of U.S. tariffs, Head of Research James Butterfill said.
Revolut's 2024 revenue growth was primarily driven by its wealth division — including crypto trading activity — up 298% to $647 million.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Senior Research Analyst Mark Palmer cited potential digital asset legislation in the U.S. as a catalyst for a new wave of crypto demand.
“Bitcoin is continuing to show signs of its own decoupling away from equity markets,” one watcher said.
The firm began buying and staking SOL after being acquired by former Kraken executives earlier this month.
Simon Gerovich said that, despite concerns over the company's share price, its goal is to "create long-term corporate value."
Sentiment toward the asset class remains mixed but is showing "signs of recovery," Head of Research James Butterfill said.