Shares of Bitcoin-focused companies surged in premarket trading as BTC broke $45k.
The price of Bitcoin (BTC) rose above $45,000 and on January 10, the stock price of Bitcoin-focused microstrategy and crypto exchange Coinbase rose.
Shares of Coinbase and MicroStrategy rose 6% and 9%, respectively, during premarket trading on January 2.
The pre-market trading session occurs each trading day in New York after the market opens at 9:30 a.m. ET. It allows investors to buy and sell stocks ahead of the open market.
The share price of Coinbase has increased by 36% in the last month and almost 420% after a year on 2022. However, the share price of America's first publicly listed crypto exchange is still around 46% below its all-time high of $343. It is set to launch in 2021.
Likewise, MicroStrategy shares are up 25 percent in the past month and 372 percent in the past year.
Related: Bitcoin halving 2024 – Miners predict possible consequences of halved BTC rewards
Other crypto-centric public companies such as PayPal or Block Inc remained in the red during pre-market trading, despite the high momentum in the Bitcoin market. However, that may change when markets open in the United States.
The recent change in the stock prices of crypto-centric companies contrasts the end-of-year trajectory of most crypto-centric companies, with many seeing their stock prices fall during broader market corrections.
The recent price hikes of two major Bitcoin-focused companies are being heralded by positive buzz in Bitcoin ETFs.
MicroStrategy remains Bitcoin's biggest hodler, while Coinbase has been chosen as a guardian by several institutional giants that are putting their space into launching BTC ETFs.
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