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In Q2 Earnings, MSTR Surges, and Coinbase Stumbles. But What's Next? - Ep. 879

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Manage episode 497896794 series 1822984
Content provided by Laura Shin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Laura Shin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Strategy posted a record $10 billion in net income. Coinbase missed estimates and stock dropped. But analysts say both tell a deeper story about how crypto companies are adapting.

It’s earnings season in crypto—and the stories couldn’t be more different.

Strategy (formerly MicroStrategy) just posted $10 billion in net income, boosted by Bitcoin’s price and new fair value accounting rules. But can the company keep this up?

Coinbase missed Q2 estimates, sending its stock down. Yet Owen Lau of Oppenheimer says the long-term setup may be more bullish than the market thinks.

In this double interview, Unchained’s Steven Ehrlich sits down with:

  • Lance Vitanza from TD Cowen to break down Strategy’s accounting shift, capital markets evolution, and whether its growing BTC pile presents systemic risks

  • Owen Lau from Oppenheimer to unpack Coinbase’s earnings miss, how new bank partnerships may remake it as a TradFi infrastructure provider, and why Q3 may tell a different story

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

    • Mantle
    • FalconX
  • Guests:

    • Lance Vitanza, Lance Vitanza, Managing Director & Director of Equity Research at TD Cowen

    • Owen Lau, Executive Director and Senior Analyst in the equity research department of Oppenheimer & Co

    Learn more about your ad choices. Visit megaphone.fm/adchoices

      continue reading

    948 episodes

    Artwork
    iconShare
     
    Manage episode 497896794 series 1822984
    Content provided by Laura Shin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Laura Shin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

    Strategy posted a record $10 billion in net income. Coinbase missed estimates and stock dropped. But analysts say both tell a deeper story about how crypto companies are adapting.

    It’s earnings season in crypto—and the stories couldn’t be more different.

    Strategy (formerly MicroStrategy) just posted $10 billion in net income, boosted by Bitcoin’s price and new fair value accounting rules. But can the company keep this up?

    Coinbase missed Q2 estimates, sending its stock down. Yet Owen Lau of Oppenheimer says the long-term setup may be more bullish than the market thinks.

    In this double interview, Unchained’s Steven Ehrlich sits down with:

    • Lance Vitanza from TD Cowen to break down Strategy’s accounting shift, capital markets evolution, and whether its growing BTC pile presents systemic risks

    • Owen Lau from Oppenheimer to unpack Coinbase’s earnings miss, how new bank partnerships may remake it as a TradFi infrastructure provider, and why Q3 may tell a different story

    Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

    Thank you to our sponsors!

    • Mantle
    • FalconX
  • Guests:

    • Lance Vitanza, Lance Vitanza, Managing Director & Director of Equity Research at TD Cowen

    • Owen Lau, Executive Director and Senior Analyst in the equity research department of Oppenheimer & Co

    Learn more about your ad choices. Visit megaphone.fm/adchoices

      continue reading

    948 episodes

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