Robinhood reported record revenue of $1.31 billion in Q2 2026, up 32%, driven by a more than tenfold increase in prediction markets revenue, while crypto revenues declined by 38%. Coinbase saw its revenue fall 19% to $1.22 billion and posted a net loss of $359.5 million amid a broader crypto market slowdown. Strategy reported a net loss of $8.22 billion, mainly due to an $8.32 billion impairment charge on its Bitcoin holdings, yet consolidated its position as the world’s largest institutional Bitcoin holder with 846,000 BTC, representing approximately 4% of Bitcoin’s maximum supply. These results illustrate the growing convergence between traditional finance and crypto, where tokenization, blockchain infrastructure, and Bitcoin treasury strategies are reshaping the industry’s landscape.
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