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Whale Movemen
2026-08-14 02:11:00

Overnight crypto roundup: Bullish posts a loss, Tether says audit completed, Sharplink stakes $200 million in ETH

A broad set of crypto, AI, and macro headlines landed between Aug. 13 and Aug. 14. Bullish reported a second-quarter net loss of $280 million as digital asset trading volume fell to $32.6 billion from $58.6 billion a year earlier. Ethereum treasury firm Bit Digital said it bought 8,568 ETH for $20 million in the quarter and ended the period with about 164,310.5 ETH, while Sharplink said it will stake $200 million worth of ETH through Lido and hold wstETH with Anchorage Digital as custodian. Tether said KPMG U.S. issued an unqualified opinion on the 2025 financial statements of Tether International, S.A. de C.V., describing it as the company’s first full independent financial statement audit. Elsewhere, Gemini reported $45.5 million in quarterly revenue and a net loss of $107.7 million, Nakamoto disclosed a $48.7 million bitcoin-related digital asset valuation loss, and AVAX One said unrealized non-cash losses on digital assets drove a $35.1 million net loss. On the policy side, CFTC Chair Michael S. Selig said the agency’s Innovation Advisory Committee will hold its first meeting on Aug. 20 to discuss crypto assets, AI, and prediction markets. In macro data, U.S. July PPI rose 4.7% year over year, weekly initial jobless claims came in at 209,000, and CME FedWatch showed a 65.2% probability that the Federal Reserve leaves rates unchanged in September.

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Overnight crypto roundup: Bullish posts a loss, Tether says audit completed, Sharplink stakes $200 million in ETH
Bit Digital
2026-08-13 12:32:00

Bit Digital Buys 8,568 ETH in Q2, Revenue Rises 15% to $32.1M

Bit Digital (NASDAQ: BTBT), an Ethereum treasury company, reported second-quarter 2026 results on Aug. 13, saying it bought 8,568 ETH for $20 million. The average purchase price came to about $2,334.25 per coin. The company sold no ETH during the quarter, and its total holdings stood at roughly 164,310.5 ETH, including 75,757.5 directly held. Total revenue reached $32.1 million, up 15% from $27.9 million in the first quarter. Ethereum staking revenue slipped to $0.9 million from $2.3 million in the previous quarter. For the first half of the year, staking revenue climbed 246% year over year. Digital asset mining revenue came in at $2.4 million, with 32.3 Bitcoin mined versus 48.1 in Q1. Mining revenue for the first half fell 58% year over year, consistent with the continued scaling-down of that business. Bit Digital recorded a net loss attributable to shareholders of $107.2 million in the second quarter. The results were announced via PRNewswire.

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Bit Digital Buys 8,568 ETH in Q2, Revenue Rises 15% to $32.1M