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▲ Coinbase (COIN), Strategy (MSTR), Mara Holdings (MARA)/AI-generated image
Coinbase (COIN) and Strategy (MSTR) recorded significant losses in the second quarter. With MARA Holdings (MARA) also awaiting its earnings release, the three crypto-related stocks are facing a volatility test.
According to Coingape on August 2nd (local time), Coinbase and Strategy both reported net losses in their Q2 earnings released on July 30th. Declining cryptocurrency prices and reduced trading volumes pressured their performance. On July 31st, Coinbase's stock price closed down 10% at $146, while Strategy's fell 4.56% to $93.
Strategy's Q2 net loss amounted to $8.22 billion. Unrealized losses of $8.33 billion from its held Bitcoin (BTC) were reflected in its performance. The loss per share was $24.45, significantly below Wall Street's estimated earnings per share of $0.79. Revenue increased by 6.9% to $122.4 million, up from $114.5 million in the same period last year. The stock price fell below the 20-day Exponential Moving Average (EMA) and the 50-day EMA. Coingape indicated that defending the $90 support level and recovering the $100 resistance level are key zones.
Coinbase reported a net loss of $359.5 million and a loss per share of $1.36. Revenue was $1.2 billion, falling short of market expectations of $1.3 billion. Transaction revenue decreased by 21% from Q1 to $599.2 million. The stock price dropped to $146, its lowest level since July 1st. The Relative Strength Index was 40, indicating a bearish trend. If selling pressure continues, the June 26th low of $139 was suggested as the next support level.
MARA Holdings' stock price closed down 4.23% at $11. The Relative Strength Index recorded 44, and the Awesome Oscillator (AO) also showed bearish signals. Analysis suggests that if selling pressure intensifies, it could fall below the psychological support level of $10. MARA Holdings is set to announce its Q2 earnings on August 6th. The possibility of increased stock price volatility around the earnings release has been raised.
This week, market attention is focused on Coinbase's $139 support level and Strategy's $90 support level. For MARA Holdings, the $10 support level and the August 6th earnings announcement are key variables. All three stocks are burdened by performance pressures due to the weak cryptocurrency market and reduced trading volumes.
[Article Key Summary]
-Strategy recorded a Q2 net loss of $8.22 billion, reflecting $8.33 billion in unrealized Bitcoin losses.
-Coinbase reported a net loss of $359.5 million, with transaction revenue decreasing by 21% from Q1.
-MARA Holdings is awaiting its Q2 earnings release on August 6th, with attention on whether it can defend the $10 support level.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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