
Coinbase misses earnings, stock tumbles 7% despite Bitcoin buying spree in Q2
Key Takeaways Coinbase stock fell 7% in after-hours trading as Q2 adjusted net income came in at just $33M, down from $524M in Q1. Coinbase bought $222M worth of Bitcoin during the quarter, bringing its crypto investment portfolio to $1.8B. Share this article Coinbase reported weaker-than-expected second-quarter results on Thursday, sending its stock down more…