Crypto-Focused Public Companies Outdo Q2 Profit Projections, Boosted by Cryptocurrency Price Surge

Major crypto companies reported strong earnings last quarter as swelling crypto asset prices drove up profits across the industry. Last week, institutional Bitcoin (BTC) giant MicroStrategy reported a return to profit in Q2, with $120.4 million in revenue. The company also stacked an additional 12,800 BTC over the quarter at an average price of $28,233 per coin, bringing its total holdings to 152,800 BTC ($4.5 billion).... Read More: Crypto-Focused Public Companies Outdo Q2 Profit Projections, Boosted by Cryptocurrency Price Surge