Tether's Q3 operating profit held at $1.5 billion while excess reserves rose to $7.95 billion. The September snapshot shows a larger USDT cushion, with limits.
Strategy's Q3 profit reached $19.53 billion as Bitcoin gains lifted earnings. STRC daily dividends start in November, while CFO Andrew Kang steps down.
Coinbase returned to profit in Q3 as crypto investment gains lifted earnings. Prediction markets passed a $200M annualized pace while revenue fell 35% from a year earlier.
Visa reports a $25 billion annualized stablecoin settlement pace and over 225 card programs. Its earnings show broader adoption, but not $25 billion in revenue.
Robinhood's Q3 crypto revenue fell 55% to $120 million as trading volume dropped. Record company revenue and a new Ripple deal tell a different growth story.
Capital B reported a $78M first-half loss after a noncash Bitcoin write-down. Its reserve grew to 3,538 BTC, but cash and per-share figures tell a different story.
Gemini reported $45.5 million in Q2 revenue, up 37%, but exchange revenue fell 38% as the company booked a $16.1 million fraud-related credit-loss provision.
Strategy reported an $8.22 billion Q2 net loss from Bitcoin fair-value accounting, while its holdings reached 843,775 BTC and its USD Reserve grew to $3.75 billion.
Coinbase reported $1.22 billion in Q2 revenue and a $359.5 million loss, while its crypto trading share reached a record 10.3% and prediction-market revenue more than doubled.
Robinhood reported record Q2 revenue and deposits, but crypto transaction revenue fell 38% to $100 million as app trading volumes declined.