What factors drove BHAT's dramatic Q3 2021 earnings spike?

Blue Hat Interactive Entertainment Technology (BHAT) experienced a significant earnings spike in Q3 2021, primarily driven by the following factors:

1. **Revenue from Tencent QQ Emoji Branded Toys**: BHAT's joint development with Tencent QQ resulted in the creation of two toy products utilizing the QQ emoji intellectual property. These toys, such as the QQ Emoji Gyro Inertial Mystery Box and anticipated rollout of QQ Emoji Bubble Sticks, contributed to the revenue surge in Q3 2021.
2. **Strategic Investment in Gold and Diamonds**: BHAT's shift in focus to commodity trading, particularly in gold and diamonds, brought in significant revenue during this period. This strategic investment not only enhanced asset value but also potentially boosted future revenues, underscoring the company's successful pivot towards commodity trading.

In conclusion, BHAT's Q3 2021 earnings spike was driven by a combination of innovative product developments with Tencent QQ and a strategic shift in focus to high-margin commodity trading. These factors collectively contributed to the company's financial success during that quarter.