Several publicly traded companies in the crypto industry have reported increased revenue and profits in their quarterly earnings reports, thanks to the rise in crypto prices and a decline in bearish momentum. MicroStrategy, which holds 152,800 Bitcoin, reported $22.2 million in net income for Q2 2023, compared to a net loss of $1.1 billion in the same period last year. Block reported a 34% YoY increase in Bitcoin revenue, with $2.4 billion in sales and a gross profit of $44 million. Coinbase beat early estimates to post $663 million in net revenue, with non-trading revenue surpassing trading revenue for the first time. CoinShares saw a 33% YoY surge in revenue and reported profits of $5.3 million. Robinhood became profitable for the first time since going public, reporting a net income of $25 million.