Collector Crypt Posts Record $433.5 Million in Third-Quarter Revenue

Collector Crypt posted record third-quarter revenue of $433.5 million, up 8% from the previous quarter, as the Solana-based collectibles platform expanded wallet activity while monthly sales weakened after June.

Gross profit reached $25.4 million, a 12% increase from the second quarter. Pack sales contributed $433.1 million of revenue, while the platform spent $408.1 million on buybacks and redemptions, equal to 94.1% of revenue. Quarterly gross margin was 5.9%.

Monthly sales reached $212.2 million in June before declining to $157.3 million in July, $141.7 million in August and $134.5 million in September. September’s gross margin rose to 6.7%.

Packs priced at $2,500 or more generated $169.6 million, or 39% of pack revenue. Sales in the $1,000 price tier fell to $53.4 million from $132.1 million.

Jupiter began selling Collector Crypt packs July 13. During the period, 30-day active wallets increased from 7,051 to 9,127, while daily revenue per wallet fell from $9,100 to $5,600.

Collector Crypt held $55.1 million in tokenized inventory as of Sept. 30. Its marketplace recorded $8.6 million in transactions, accounting for about 2% of total activity. Two first-edition Charizard cards sold for $600,000 and $825,000 in September.

Cumulative revenue surpassed $1 billion on Aug. 13. Collector Crypt (CARDS) fell 14% during the quarter to $0.195.

The results add context to earlier coverage of tokenized trading-card platforms, which examined the growing use of digital ownership for physical collectibles.