NameSilo Bitcoin Holdings and Saw.com Results: Domain Name Update

NameSilo recently released its Q3 earnings report, and the results are looking good. Revenue is up compared to last year, with $14.35 million in Q3 2024, and gross profit has also seen a nice increase to $3.24 million. NameSilo reported a profit of $0.49 million after income tax, a positive change from the small loss they experienced last year.

One interesting highlight from the report is NameSilo’s bitcoin holdings. As of the end of Q3, they held 14.41 bitcoins, showing an increase from previous quarters. Additionally, NameSilo recently acquired a percentage of Saw.com after a merger. They now own 41% of the company, with plans to work alongside the existing stakeholders to drive growth.

For the first time, NameSilo’s earnings report also includes results from Saw.com. It’s exciting to see that Saw.com generated $2.86 million in revenue last quarter and a net gain of $0.32 million. These positive numbers reflect a strong performance from both companies.

Overall, it’s clear that NameSilo is on an upward trajectory, with solid revenue growth and strategic acquisitions. It will be interesting to see how these developments continue to unfold in the future.