American crypto giant Coinbase has seen a resurgence in its stock price, climbing past the $300 mark for the first time since 2021.
Both developments followed a rampaging Bitcoin performance, which saw the cryptocurrency break its all-time high price several times in quick succession in the last 24 hours.from Google Finance. The jump represented an 84% improvement in the company’s stock across a span of just 30 days, highlighting growing investor confidence in crypto-related assets.
On its part, MicroStrategy , which holds more than $24 billion in BTC, saw its stock rise by almost 26% to hit $351, a new On the other hand, Coinbase’s role as a custodian for spot Bitcoin ETFs, including those from Wall Street giant BlackRock, has strengthened its position as a key player in the crypto market.The uptick in share prices was also felt by several publicly listed Bitcoin mining operations, including Marathon Digital , Riot Platforms , and Cleanspark .
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