Check prices, drink coffee, read Milk Road. It’s the easiest 5-minute habit to stay smart on crypto: https://milkroad.com/subscribe/?utm_medium=social&utm_source=youtube_organic&utm_campaign=pod-feb18In this episode of the Milk Road Show, we break down Coinbase’s latest earnings report and explain why the market may be completely mispricing the company. While headlines focused on a reported net loss, the deeper story tells something very different. When you strip out unrealized crypto losses from Coinbase’s balance sheet, the core business remains profitable and continues to generate hundreds of millions in adjusted earnings.

m0xt
Martin (m0xt) is a Milk Road PRO analyst focused on crypto fundamentals and onchain data. He applies traditional financial modeling and valuation frameworks to the world of crypto. Before joining Milk Road, he worked as a futures trader and built a background in governance, market structure, and onchain analytics. He holds an MBA in Economics and has spent the past two years writing research and investment reports for Milk Road PRO.