Earnings Reports

CDCROP: MicroStrategy Executive Director Michael Saylor (Joe Raedle/Getty Images)
MicroStrategy Reported Impairment Charge of $727K on Bitcoin Holdings in Q3
The business software firm owns about 130,000 bitcoins worth approximately $2.7 billion on its balance sheet.
CDCROP: MicroStrategy Executive Director Michael Saylor (Joe Raedle/Getty Images)

CDCROP: Mark Zuckerberg, chief executive officer and founder of Facebook Inc. (Christophe Morin/IP3/Getty Images)
Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023
Meta's revenue for the division came in at $285 million, down from $452 million in the second quarter.
CDCROP: Mark Zuckerberg, chief executive officer and founder of Facebook Inc. (Christophe Morin/IP3/Getty Images)

CDCROP: Tesla Officially Opens Gruenheide Gigafactory
Tesla Made No Changes to Its Bitcoin Holdings in Third Quarter
The electric car company did not buy or sell any bitcoin in the quarter, after selling 75% of its holdings in the second quarter.
CDCROP: Tesla Officially Opens Gruenheide Gigafactory

Bitcoin price chart shows the cryptocurrency remains steady on Friday.  (CoinDesk)
Bitcoin Steady Above $19K Even as Stocks Give Back Thursday’s Wild Gains
BTC was holding at around $19,300, though traditional markets slid on Friday following the release of earnings reports from major banks.
Bitcoin price chart shows the cryptocurrency remains steady on Friday.  (CoinDesk)

(lemono/Getty Images, modified by CoinDesk)
Will Earnings Reports Portend Recession?
Wall Street seems convinced that forward guidance is going to be rough.
(lemono/Getty Images, modified by CoinDesk)

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left).  (Aaron Kotowski/Stronghold Digital Mining)
Bitcoin Miner Stronghold Digital Significantly Restructures Debt
The bitcoin miner said negotiations with its lenders were the reason for the delays in releasing its second-quarter earnings report.
Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left).  (Aaron Kotowski/Stronghold Digital Mining)

Greenidge Mining center
Bitcoin Miner Greenidge Generation Shares Fall as Revenues Miss Estimates
The company said the combination of falling bitcoin prices and high global energy prices presented a “challenging earnings environment.”
Greenidge Mining center

Wall Street sign (Sophie Backes, Unsplash)
Crypto-Exchange Coinbase Stock Is Not Out of the Woods as Market Uncertainty Hovers
Wall Street lacks conviction over whether or not Q2 was the bottom for the platform.
Wall Street sign (Sophie Backes, Unsplash)

Coinbase CEO Brian Armstrong (CoinDesk archives)
Exchange Coinbase Rallies Ahead of Q2 Results, but Major Questions Remain
Analysts expect trading volumes to have taken another hit, although a recent near-doubling in the stock price suggests markets may have discounted the bad news.
Coinbase CEO Brian Armstrong (CoinDesk archives)

Asset manager WisdomTree (WETF) managed crypto assets worth $265 million in Q2, a decrease of nearly 12% compared to the equivalent figure of $300 million a year ago (Tumisu/Pixabay)
WisdomTree's Q2 Average Crypto Assets Down Nearly 12% on Year, to $265M
The figure is also a decline of 22% compared with the $324 million WisdomTree reported for Q1 2022.
Asset manager WisdomTree (WETF) managed crypto assets worth $265 million in Q2, a decrease of nearly 12% compared to the equivalent figure of $300 million a year ago (Tumisu/Pixabay)