On February 25th, BlackRock deposited 1,134 BTC (valued at approximately $74.18 million) to Coinbase, per monitoring data from OnchainLens.

February 25th — Bitget market data shows: - Circle (CRCL) surged 14.2% in pre-market trading after releasing its 2025 annual report. The fintech firm posted total revenue and reserve income of $2.7 billion for fiscal 2025, a 64% year-over-year jump. - Nvidia (NVDA) is up 0.81% in pre-market trading. Markets widely expect its Q4 revenue to rise 67% year-over-year when it reports tonight; NVDA shares have averaged a 4% swing in the eight quarters following earnings releases. - U.S.-listed crypto-related stocks are trading higher: ? MicroStrategy (MSTR) +2.64% ? Coinbase (COIN) +3.97% ? Marathon Digital Holdings (MARA) +2.64% ? Riot Platforms (RIOT) +2.85% ? BitMine Immersion (BMNR) +3.7% ? SharpLink Gaming (SBET) +3.05%

February 25 – Mining firm Hut 8 has released its Q4 2025 and full-year financial results. **2025 Fiscal Year Highlights:** - Generated $9.6M in custody services revenue - Held ~$1.4B in cash and bitcoin reserves as of December 31, 2025 - Launched a $1B ATM financing plan - Entered a revolving credit agreement with Two Prime and Coinbase (max $400M borrowing limit) **12-Month Period Ended Dec 31, 2025:** - Revenue: $235.1M (up from $162.4M prior year) - Net loss: $248M (vs. $331.4M net profit in the year-ago period)

February 25th — Circle, the issuer of stablecoin USDC, announced its Q4 2025 and full-year 2025 performance, with key highlights including: - USDC’s circulating supply totaled $75.3 billion as of the period end, marking a 72% year-over-year (YoY) increase; - USDC on-chain transaction volume reached $11.9 trillion, a 247% YoY jump; - Total revenue and reserve revenue hit $770 million in Q4 2025, a 77% YoY rise; For full-year 2025: - Total revenue and reserve revenue totaled $2.7 billion, up 64% YoY; - Net loss from continuing operations was $70 million, primarily driven by $424 million in stock-based compensation tied to its initial public offering (IPO); this compares to a $157 million net profit from continuing operations in 2024; - Adjusted EBITDA was $582 million, a 104% YoY increase; Circle noted it is building an economic operating system for the internet, unlocking new possibilities spanning frictionless cross-border payments to intelligent AI applications.

**NVIDIA Q4 2025 Earnings Out Tonight Post-Market: AI Sector Barometer in Focus** NVIDIA will release its Q4 2025 earnings report tonight after the U.S. stock market closes (5 a.m. Beijing time tomorrow)—a critical gauge for the AI industry and U.S. equities. As the world’s most valuable company, its results are poised to move global financial assets. Markets are tuned into: - Data center revenue growth - Blackwell GPU shipment updates - Next quarter’s outlook ### Market Expectations Sentiment is cautiously optimistic, with a 14th consecutive earnings beat widely expected. Key consensus forecasts: - Q4 revenue: $650–$660 billion (65%–68% YoY growth); data center segment to top $60 billion - Official guidance (Nov 2024): $650 billion ±2% - EPS: $1.50–$1.53 (70%–72% YoY growth) - Gross margin: ~70% For Q1 FY2027 (next quarter), consensus revenue stands at $710–$730 billion (63%–64% YoY growth)—dependent on demand for Blackwell and Rubin chips. ### Institutiona

Feb. 25: An address suspected of being linked to Galaxy Digital transferred 280 BTC to Binance over the past 9 hours, per TheDataNerd monitoring, with the cryptocurrency valued at ~$18.43 million.