Public Keys: Strategy Doubles Down on Bitcoin Plans, Robinhood Glitters With Gold
Strategy, trading as MSTR, announced its 42-42 Capital Plan, aiming to raise $42 billion by 2027 to acquire more Bitcoin, despite posting a fifth consecutive quarterly loss with a decline of $16.49 per share. The company shifted to a subscription model for its software, resulting in a 3.6% drop in software revenues to $111 million. Cboe reported record earnings with a 21% increase in EPS to $2.37 and a 16% rise in revenue to $565.2 million, attributing growth to trade tensions and new Bitcoin products like index options and futures. Robinhood's Q1 earnings showed a 50% revenue increase, with crypto transaction revenue rising 100% year-over-year to $252 million, though it fell from $358 million last quarter. CEO Vlad Tenev emphasized diversifying the business beyond crypto, while Robinhood Gold saw significant growth in subscribers and net deposits.
