Bitcoin Stocks Beat Earnings Estimates, but the Market Is Still Trading Them as Bitcoin Beta
Published . Updated .
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This report is about crypto.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.
- COIN Coinbase Global
Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- MSTR Strategy
Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- MARA MARA Holdings
MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- RIOT Riot Platforms
Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| IBIT | +5.40% | +5.44% | base | +1.57% | +4.64% | -0.90% | -1.22% |
| COIN | +16.89% | +16.70% | base | +5.53% | +10.26% | +0.07% | -1.87% |
| MSTR | +8.13% | +8.32% | base | +3.71% | +9.03% | -1.28% | -1.40% |
| MARA | +10.19% | +11.35% | base | +11.66% | +4.98% | -5.52% | -1.01% |
| RIOT | +14.49% | +15.93% | base | +18.46% | +29.57% | +28.47% | +40.43% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Bitcoin Stocks Beat Earnings Estimates, but the Market Is Still Trading Them as Bitcoin Beta ChartMill
Source: ChartMill
This story
| Company | When | Move | Status |
|---|---|---|---|
| COIN | that day | +5.53% | final price |
| COIN | the next day | +10.26% | final price |
| COIN | two days later | +0.07% | final price |
| COIN | three days later | -1.87% | final price |
| COIN | three days earlier | +16.70% | final price |
| COIN | five days earlier | +16.89% | final price |
| IBIT | that day | +1.57% | final price |
| IBIT | the next day | +4.64% | final price |
| IBIT | two days later | -0.90% | final price |
| IBIT | three days later | -1.22% | final price |
| IBIT | three days earlier | +5.44% | final price |
| IBIT | five days earlier | +5.40% | final price |
| MARA | that day | +11.66% | final price |
| MARA | the next day | +4.98% | final price |
| MARA | two days later | -5.52% | final price |
| MARA | three days later | -1.01% | final price |
| MARA | three days earlier | +11.35% | final price |
| MARA | five days earlier | +10.19% | final price |
| MSTR | that day | +3.71% | final price |
| MSTR | the next day | +9.03% | final price |
| MSTR | two days later | -1.28% | final price |
| MSTR | three days later | -1.40% | final price |
| MSTR | three days earlier | +8.32% | final price |
| MSTR | five days earlier | +8.13% | final price |
| RIOT | that day | +18.46% | final price |
| RIOT | the next day | +29.57% | final price |
| RIOT | two days later | +28.47% | final price |
| RIOT | three days later | +40.43% | final price |
| RIOT | three days earlier | +15.93% | final price |
| RIOT | five days earlier | +14.49% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 60 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 77 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 85 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 85 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Bitcoin Stocks Beat Earnings Estimates, but the Market Is Still Trading Them as Bitcoin Beta” scores 12 out of 100. The score uses 1 sources.