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CBduck.base 🛡️
@cbduck
Previously I estimated 4Q earnings to be $1.06B and $0.44EPS. This excludes impact of crypto accounting rule change which adds about 500M to unrealized gain on crypto asset that Coinbase held. Well how much is $500m? $2.10 per shares. They don’t have to adopt this right away. $COIN
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jay 🎩🍖🧾🐹
@him
$2.10 EPS??? im gonna faint
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CBduck.base 🛡️
@cbduck
They don’t have to adopt it yet. They can wait until EOY 2024
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jay 🎩🍖🧾🐹
@him
oh yea this is what CLSK used i believe man coin will fly if they do this
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CBduck.base 🛡️
@cbduck
Yep! Exactly. 2.1 eps in addition is quiet nice
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jay 🎩🍖🧾🐹
@him
i think coin would go straight to $300 if they reported this lol
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