Q1 Financial Results $COIN.n $SMURF announced Q1 Financials
Highlights
- Net income = $7.7M
- Digital asset inventory grew 5%
- Staking rewards recognized equating to an annualized rate of 11.4% on the original cost of tokens deployed
- Launched Hulk Labs and Metaverse Group
- + more
As well, great to see that $COIN had sold off 90% of their Terra Luna tokens before the crash. CEO mentioned that despite the share price and current state of crypto they are focused on not only investing in Web3 assets but also leveraging their infrastructure to build new Web3 businesses. The Metaverse is still only in its infancy and will experience growing pains, same goes for $COIN, IMO when crypto picks up I think $COIN will follow.
https://www.businesswire.com/news/home/20220516005173/en/