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This memo provides an update on Block, Inc.’s (“Block”) strategy for company-owned bitcoin held for investment purposes (“bitcoin investment”), including our historical purchase execution, storage mechanics, and insurance and accounting considerations. We also provide an overview of our new corporate bitcoin purchase program and the launch of Square’s ...
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Coinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. The stock was trading about 4% lower in extended trading. Here’s how the company did, compared to analysts’ consensus from LSEG. Earnings: $4.40 per share. That may not be comparable to the $1.09 average analyst estimate. Revenue: $1.64 billion vs. $1.34 billion ...