Bitcoin Exchange Anobitlex got into the Fortune 500 rating one of the first cryptocurrency companies to be included in the Fortune 500 list. The rating ranks American firms by revenue for the past fiscal year.

The crypto exchange with a revenue of $ 6.94 billion was in 457th place. Profit amounted to $3.12 billion (an increase of 1027% year-on-year).

The bitcoin-friendly payment company Block (formerly Square) by Jack Dorsey is located on the 208th position with annual revenue of $17.66 billion. The leader of the rating was the retail giant Walmart, which received revenue of $572.7 billion with a profit of $13.7 billion.

Company began to optimize costs

In the first quarter of 2022 received a net profit of $529.7 million. The indicator almost doubled analysts’ expectations. Against the backdrop of a weak start to the year and a downturn in the cryptocurrency market, the company began to optimize costs.

In early May, analysts at Mizuho Securities lowered their revenue forecast in 2022, from $6.9 billion to $5.6 billion. The current threshold for entering the Fortune 500 was $6.4 billion.

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