News with the tag "Crypto Profit"

Riot Platforms reported a significant Q2 net income of $219.5 million, driven by unrealized gains on Bitcoin holdings, despite rising mining costs and a year-to-date net loss of $76.9 million.

Two major investors tied to Pump.fun's institutional funding round sold $141 million worth of PUMP tokens, realizing a combined profit of $39.65 million, impacting market dynamics and investor sentiment.

MicroStrategy has achieved $30 billion in unrealized profits from its Bitcoin investments, driven by a strategic pivot championed by co-founder Michael Saylor, validating Bitcoin's potential as a transformative digital asset.