Strategy and Coinbase post Q3 results: record profit and market share gains
- —Strategy operating profit hit $20.91 billion vs $3.89 billion a year earlier
- —Strategy bitcoin reserves reached 848,517 BTC, up 26% year to date
- —Coinbase net income $719 million; adjusted EBITDA $333 million, up 60% QoQ
- —Coinbase trading market share rose to 10.7%, fourth straight quarterly gain
Why it matters: The results show the largest crypto firms remain profitable even with bitcoin near $80,000, underpinning institutional demand.
Source: Bitcoin Sistemi EN