In a recent financial disclosure, two of the crypto industry’s giants, Coinbase (COIN) and Strategy (MSTR), reported significant gains in their third-quarter (Q3) results.
Coinbase also completed its acquisition of Deribit in the third quarter. Alesia Haas, the company’s finance chief, noted during a conference call that Deribit commands over 75% of the market share for options, primarily outside the US.
David Bartosiak, a stock strategist at Zacks Investment Research, remarked, “Coinbase is cash-rich and growth-ready,” emphasizing that the company is evolving beyond merely trading cryptocurrencies to establishing the infrastructure for a new financial internet.
Strategy’s net profit for the three months ended September 30 was reported at $2.78 billion, or $8.42 per share, contrasting sharply with a loss of $340.2 million, or $1.72 per share, a year earlier. However, it’s worth noting that Strategy’s shares have declined 12% so far in 2025, even as Bitcoin prices have risen by 14.5%.
COIN stocks closed Thursday’s trading session with a 3% surge toward $328 on the wake of the financial disclosure. Similarly, Strategy’s shares climbed nearly 4% following its earnings report toward the $254 mark.
Featured image from DALL-E, chart from TradingView.com
