With the daily increase in the price of Bitcoin (BTC), the shares of companies related to cryptocurrencies are also gaining value.
While the price of Bitcoin is up 5% in the last 24 hours, shares of Coinbase and MicroStrategy are also nearly down in pre-market trading. gained 9% value.
Coinbase, one of the world’s largest cryptocurrency exchanges in terms of transaction volume, is also among the few publicly traded crypto companies in the United States. Some of the companies that applied to establish a spot exchange traded fund (ETF) preferred Coinbase as their custody institution.
The company’s shares closed at $133 last week. Seen since April 2022 reached the highest level. According to TradingView data, COIN has increased since the beginning of the year. More than 250% increase showed.
Software company MicroStrategy is known for investing in Bitcoin. The company uses both its own funds and debt instruments 174,000 Bitcoins he bought.