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Crypto-linked stocks Coinbase, MicroStrategy up over 100% in a month

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Crypto-linked stocks are on a tear, with Coinbase, MicroStrategy, and others up more than 100% in a month as risk appetite returns

Crypto-linked stocks are on a tear this month as risk appetite grows on wagers that high inflation may be in the rearview mirror.

Crypto exchange Coinbase surged 143% in the past month to $81.76 on Friday, notching prices not seen since last September. The stock spiked 26% on Thursday after aMicroStrategy, which has bought up 132,500 bitcoin since August 2020, shot up 102% in the past month as well.a $1.47 billion net loss for 2022 on Thursday, shares are up and notched a nearly six-month high of $293 on Friday, tracking this year's bitcoin rebound.

Meanwhile, crypto mining companies Marathon Digital and Riot Platforms are up 130% and 127%, respectively, in the past month. Amid the more upbeat outlook on rates, stocks have seen a broader rally, with the tech-heavy Nasdaq Composite and the S&P 500 up 16.87% and 8.9% in the past month, respectively.

 

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