Jason Shubnell

1 week ago | theblock.co | Jason Shubnell

UPDATED: May 5, 2025, 2:36PM EDT Riot Platforms, one of the largest publicly traded bitcoin mining companies, said Monday it sold the bitcoin it mined in April, marking its first sale of mined bitcoin in more than a year. The company sold 475 BTC during the month, generating approximately $38.8 million in net proceeds. The sale included 463 BTC mined in April and an additional 12 BTC from reserves. Riot last sold a significant amount of bitcoin in January 2024.

1 week ago | theblock.co | Jason Shubnell

Funds • May 5, 2025, 10:37AM EDT UPDATED: May 5, 2025, 10:38AM EDT U.S. asset manager VanEck has submitted an S-1 document to the U.S. Securities and Exchange Commission for a spot BNB exchange-traded fund as the race for altcoin ETFs continues to heat up under new SEC leadership. VanEck is the first asset manager to file for a BNB ETF. 21Shares manages the 21Shares Binance BNB ETP, listed on several European exchanges, The Block's Danny Park previously reported.

1 week ago | theblock.co | Jason Shubnell

Equities • May 2, 2025, 12:46PM EDT Mizuho Securities remains positive on Robinhood’s crypto outlook despite a slowdown in April trading activity, citing rising take rates and sustained interest amid bitcoin’s recent gains. Robinhood reported first-quarter earnings and revenue that beat analyst estimates on Wednesday. While cryptocurrency trading volume rose 28% year-over-year to $46 billion, this was a notable drop from a record-high of $70 billion in the fourth quarter of 2024.

1 week ago | theblock.co | Jason Shubnell

Strategy's stock (ticker MSTR) is trading higher Friday after the bitcoin treasury company doubled down on its "21/21 Plan" with a new "42/42 Plan" to accelerate its purchasing of the world's largest cryptocurrency.

1 week ago | theblock.co | Jason Shubnell

UPDATED: May 1, 2025, 4:34PM EDT Strategy reported first-quarter financial results Thursday afternoon, missing on both the top and bottom line. Operating expenses for the quarter reached $6 billion, up more than 1,100% year-over-year. This is due in large part to unrealized losses on its btcoin holdings worth $5.91 billion after spending about $7.66 billion buying 80,715 BTC during the first quarter. The company reported a net loss of $4.2 billion, or $16.49 per diluted share.