Bitcoin Spike Before Coinbase, Microstrategy Halve Share Prices

Bitcoin (BTC) It is not the only property To big Today, crypto stocks are also doing very well.

The largest cryptocurrency by market capitalization is flirting with $72,000 after experiencing a break last week. It is now less than 3% off its all-time high of $73,737. basis From CoinGecko to information. It touched that level in March.

And as a result, company stocks that provide exposure to the crypto industry have increased. MicroStrategy (NASDAQ: MSTR), which calls itself a “Bitcoin development company”, is up more than 6% today, trading at $1,531.67 per share.

The software company He put BTC in anger On the balance sheet this year, the value has increased significantly this year – since January, the stock has doubled and increased by more than 122%. The company's founder and chairman, Michael Saylor, argued that the stock gives investors exposure to BTC in a safe way. The company now holds $15 billion in BTC.

Elsewhere, America's largest crypto exchange, San Francisco-based Coinbase (NASDAQ: COIN ), also rose more than 6 percent. The exchange – which It was officially released In the year In 2021 – this year has been on a roll: in February, its Q4 2023 results showed a return to the black.

Coinbase stock now at $255.99 a pop; It is up more than 63 percent this year.

Electric car giant Tesla (NASDAQ: TSLA) – which is one of the largest public companies to hold Bitcoin with more than 9,000 BTC ($ 700 million in digital coins) – jumped more than 5% and is now trading at $ 173.39.

Bitcoin mining companies have increased slightly. Hut 8 Corp (NASDAQGS: HUT ) jumped less than 2%, and is now priced at $9.14; CleanSpark, the green energy utility for BTC, jumped over 1% and is trading at $15.79.

Edited by Andrew Hayward.