Crypto Shares Gain; Bakkt up 31%; Coinbase up 14%; Canaan up 8%; TeraWulf up 5%

Tiger Newspress
05-13

Crypto shares gained in Tuesday trading.

Bakkt up 31%; Coinbase rose 14%; Canaan rose 8%; TeraWulf up 5%; CleanSpark rose 2%; Riot Platforms, Strategy up 1%.

Bakkt Holdings, Inc. reported quarterly earnings of $1.13 per share. This is a 160.75 percent increase over losses of $(1.86) per share from the same period last year. The company reported $1.07 billion in sales this quarter. This is a 25.78 percent increase over sales of $854.60 million the same period last year.

Coinbase Global, Inc. is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday.

The change will take effect before trading on May 19. Discover is in the process of being acquired by Capital One.

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