Crypto-related stocks, including digital asset treasuries, exchanges, and mining firms, have come under heavy pressure in recent months as the broader cryptocurrency market continues to weaken. Bitcoin has dropped toward the $60,000 level, while many alternative tokens have slid to multi-year lows, dragging valuations across the sector lower.
Investors are now turning their attention to earnings reports and balance sheet updates as several major crypto-exposed companies enter a pivotal week.
Coinbase shares in focus ahead of earnings report
Coinbase shares have fallen sharply, retreating from a peak near $445 in July last year to around $165. The decline mirrors the broader downturn in digital asset prices, which has weighed on trading volumes across centralized exchanges.
Crypto exchanges typically generate stronger revenue during periods of rising prices, as higher volatility and optimism attract more users. Analysts expect Coinbase’s transaction-driven revenue and profitability to remain under pressure while market sentiment stays subdued.
However, Coinbase has diversified its revenue base beyond spot trading. The company generates income from blockchain rewards, stablecoin services, custody offerings, and subscription products. It has also expanded into prediction markets and tokenized equity offerings.
Coinbase is expected to report quarterly revenue of $1.85 billion, representing a decline of more than 18% year-on-year. Full-year revenue is forecast at $7.25 billion, up roughly 10% from the previous year. Earnings per share are expected to come in at $1.01, down sharply from the $4.68 recorded in the same period last year.
Robinhood earnings eyed as crypto activity cools
Robinhood will also be closely watched as it prepares to release its quarterly results. Shares of the trading platform have retreated from a high of $155 in October to roughly $82.
While Robinhood is best known for equities and options trading, it has emerged as a significant player in crypto markets, offering digital asset trading on its platform and through Bitstamp, the exchange it acquired last year.
The company previously reported triple-digit growth in crypto-related revenue, but analysts expect the segment to show signs of slowing amid the broader market selloff.
Consensus estimates suggest quarterly revenue will rise 32% to $1.34 billion, bringing annual revenue above $4.5 billion. Growth is expected to decelerate significantly, with analysts forecasting revenue expansion of 22% this year, down from 53% in 2025.
Strategy and BitMine watched as crypto holdings fluctuate
Shares of Strategy, formerly MicroStrategy, and Tom Lee-backed BitMine will remain in focus as investors track changes in their crypto-heavy balance sheets. Strategy shares jumped more than 26% on Friday as Bitcoin stabilized above $60,000, while BitMine rebounded alongside a recovery in Ethereum prices.
Despite recent gains, both stocks remain well below their all-time highs. Investors are watching closely for disclosures on recent Bitcoin and Ethereum purchases made during the market downturn.
Analyst sentiment remains divided. Some see value emerging after steep declines, while others remain cautious. TD Cowen recently raised its price target on Strategy to $440, citing oversold conditions and improving valuation metrics.
Crypto miners round out list of stocks to watch
Mining companies are also expected to remain volatile this week, with firms such as IREN, Bitfarms, and MARA Holdings reacting to movements in Bitcoin prices and network economics.
As the crypto market attempts to stabilize, earnings results and balance sheet disclosures will play a key role in shaping investor sentiment toward the sector in the weeks ahead.