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SOFI Pioneers Bitcoin Lightning Network for Remittances

Aug 24, 2025 (10 days ago)
Neutral
SOFI Pioneers Bitcoin Lightning Network for Remittances
SoFi becomes the first U.S. bank to integrate Bitcoin's Lightning Network for remittances, marking a significant crypto infrastructure adoption.

SOFI Pioneers Bitcoin Lightning Network for Remittances

  • SoFi becomes the first U.S. bank to integrate Bitcoin's Lightning Network for remittances.1
  • This strategic move partners SoFi with Lightspark for blockchain-powered international money transfers.2
  • The integration reinforces broader institutional adoption of crypto infrastructure.1
  • This development may encourage other financial institutions to adopt similar cryptocurrency services.1

Robust Financial Performance Highlights

  • SoFi reported a 44% increase in adjusted net revenue and an 81% increase in adjusted EBITDA in its latest results.2
  • The company's revenue growth trajectory shows 34.52% over three years and 92.57% over five years.5
  • Second-quarter revenue reached $854.9 million, surpassing analyst expectations.2

Strategic Capital Raising and Operational Focus

  • SoFi launched a $1.5 billion public stock offering to support general operations and future ventures.2
  • The company maintains control over selling, general, and administrative costs, capping them at $430 million.5

Financial Metrics and Insider Activity

  • SoFi reported a negative EBIT margin of -5.3% and a pretax profit margin of -8.6%.5
  • Insider activity included EVP Kelli Keough selling 10,578 shares on August 20th.4
  • One report indicated a Q2 revenue miss against analyst expectations ($519.37M vs $801.94M).4
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