2024

Bitcoin

April

Spot

The post <a href="https://coinpedia.org/news/bitcoin-boost-coinbase-and-microstatergys-stock-prices-surge-resulted-in-huge-returns/">Bitcoin Boost: Coinbase and Microstatergy’s Stock Prices Surge Resulted in Huge Returns</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Bitcoin made its entry in 2024 with the highest surge since April 2022, which is now trading above $45,000. As it became the talk of the town, many analysts, economists, and Bitcoin holders shared the major factors that have dipped Bitcoin value to the sky. 
<h2 class="wp-block-heading" id="h-predicted-factors">Predicted Factors</h2> 
One of the primary factors driving the recent surge in the stock price of Bitcoin, which resulted in huge benefits for exchanges like Coinbase and firms like Microstartergy, is the growing anticipation for U.S. Spot Bitcoin ETFs to be approved in the coming days. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/IVa6QLUhEnvqFzMi7IEPEBHifkUX_w8i6uBD_UTd8djk8Hqe68pd1UAgrxuBIk0MtQ7ZqJmBGOZ_xBSAzVqXGBPq6A0NU6mGyxrLE6lckPb05-tJgASQx_BC9MGeKzYw_raC-3-tNMVbDYl0q5X6-Bk" alt="">
</figure> 
In an interview with Bloomberg last week, Aaron Schnarch a Coinbase spokesperson stated that the company had extensively prepared for ETF approval and that its system had been designed and tested to handle added trading volume, increased liquidity, and general increases in demand on its system. 
<blockquote class="wp-block-quote"> 
 ” a Coinbase spokesperson said in a statement. “Our systems have been designed and tested to handle added trading volume, increased liquidity and general increases in demand on our systems.”&nbsp; <cite>Aaron Schnarch</cite>
</blockquote> 
<h2 class="wp-block-heading" id="h-microstrategy-bitcoin-holdings">MicroStrategy Bitcoin Holdings</h2> 
MicroStrategy, a business intelligence company known for its significant Bitcoin holdings, also witnessed a surge in stock price today. The company announced last week that it had added a further 14,620 Bitcoin to its existing stash between November 30 and December 26. 
Microstrategy’s total Bitcoin holdings as of now stand at an impressive 189,150, worth approximately $8.7 billion at current prices. The lowest price at which Microstartergy purchased these bitcoins was $31.168 per coin, resulting in a significant $2.8 billion profit for the company. Microstrategy’s strategy to buy Bitcoin has solidified its position as a major player in the cryptocurrency space and has grown optimism among investors.&nbsp; 
Recently Micheal Sylor shared a chart where Bitcoin is outperforming S&amp;P 500 and Nasdaq too.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Wv9Hi9rGhoxm12uMWwC5oTTuxRkQRF0_p-Y5IXGSaYBZHC91mUUplg9c-01MOuCjBaWaAR5KKD9gw4jHj_FYXTCW_k2OHBoGWx2f4SiD9ydS690aoitYA_XTOTaCuyv_DrRtx-sbHPrkNyxRnZPSaZc" alt="">
</figure> 
Pre-market trading witnessed substantial returns from other well-known companies, such as Riot Blockchain (RIOT) and Marathon Digital (MARA), which demonstrated positive momentum. Each increased their holdings of Bitcoin by more than 10%.

Bitcoin Boost: Coinbase and Microstatergy’s Stock Prices Surge Resulted in Huge Returns

목차

CoinPedia News

2024년 1월 2일에 게재된 다른 기사

Solana's BONK Jumps 10% as New Money Enters Meme Coins

Top Altcoins To Buy January 2: SEI, LDO, ARB

Kang Signals Mispriced Bitcoin in the Wake of ETF Hype and Halving

Can China Finally Stop Crypto Corruption & Digital Bribery? Here’s the Plan

Crypto Outlook 2024: Here’s When Bitcoin Price Will Hit New ATH

Bitcoin to hit $50,000 in January 2024 with ETF excitement: Matrixport

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!