Coinbase received $ 1.5 billion from the investment profit exhibition in the Department of the Department

The first of these numbers is $ 1.5 billion. This number reflects what Coinbase described as “pre-tax gains for strategic investments-which included an inconsistent gain for our investments in the department.” Translation: Coinbase hit the winning prize of the department, Her partner at USDC StablecoinIt was announced in early June and witnessed the value of its shares rising shortly after.

Coinbase is supposed to be subject to the same six months a lock for other shareholders in the circle, and it is not clear when the company may spend and see it or if these shares will still deserve a lot when it decides to do so. But even if the Circle shares decrease, this is a safe bet that Coinbase will remain sitting on a large investment of means that he can disburse during the recession, or use it for impressive feeding. acquisition outburst.

It is also important to realize that the circle is only One of many encryption companies Coinbase has a share of property rights. As the encryption market continues to ripen, other startups will be publicly released and that it is a good bet to have coinbase in a position allowing it to assemble when it is done. In this it proves that it is the case, the $ 1.5 billion that the company has informed as one -time element will actually be repeated to greater degrees or less in the coming quarters.

The second number for one time was reported on Thursday is part of a much less positive story. This will be “307 million dollars in the data theft incident in May.”

The “accident” concerned is the disaster Piracy This witnessed the bribes of customer service agents in India, and then use the personal data they obtained to form and defraud them. In response, Coinbase has pledged to make any customer lost money in the scheme and put a 20 million dollars bonus On the heads of officials.

If the repercussions of the episode cost only 307 million dollars, Coinbase can calculate this as a win. But this is a great thing if it is in light of the gag lawyer of the collective action and state organizers, they are lined up to extract batches from the company due to data breach. Then there are reputation damages that fade with Coinbase’s failure to know how the use of external sources of customer data sensitive to cheap factors in India poses security risks. Currently, though, it seems that the company has survived the storm of public relations and announces the new “Center for Excellence” for customer service in North Carolina can help get rid of the remaining lack of confidence.

Finally, there is one large one for one time tucked in a profit report on Thursday: “Pre -tax profit worth $ 362 million on an investment portfolio in encryption (largely not achieved).” This reflects a pair of important developments. The first is the clear update in the prices of encryption assets, which leads the cabinet holdings in Coinbase. The other is the latest change in the accounting rules that allow companies to register encryption gains during their accumulation. While companies that accumulate encryption in their public budget are generally the strategy of financing dice companies, they are fortunately only a small part of Coinbase operations, and at the present time, the gains are very real and help to enhance their already strong basics.

Although one-time numbers are usually-a temporary noise should not be mistaken in a sign of the performance of the broader company-they can also represent something more. This is the case with Coinbase Q2 profits, where it can be said that elements such as venous circle are more important than usual revenues and commercial fluctuations.