{"id":87532,"date":"2023-11-26T13:36:29","date_gmt":"2023-11-26T11:36:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87532"},"modified":"2025-09-13T12:26:38","modified_gmt":"2025-09-13T09:26:38","slug":"coinbase-and-microstrategy-shares-reach-fresh-annual-highs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-and-microstrategy-shares-reach-fresh-annual-highs\/","title":{"rendered":"Coinbase and MicroStrategy shares reach fresh annual highs"},"content":{"rendered":"

Shares of the cryptocurrency exchange Coinbase and the analytics-software provider MicroStrategy rose above $115 and $520, respectively.<\/p>\n

\"111-71\"
Daily chart of Coinbase stock on Nasdaq. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Last time Coinbase stock traded at that level was in early May 2022. At the time, Bitcoin was trading for about $40,000. Trading on COIN on Nasdaq began<\/a> in April 2021.<\/p>\n

\"222-52\"
Daily chart of MicroStrategy stock on Nasdaq. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

MicroStrategy’s shares returned to levels last seen in January 2022. In November 2023 the company increased its bitcoin reserves<\/a> to 158,400 BTC, and its unrealized profit on the first cryptocurrency surpassed $1 billion<\/a>.<\/p>\n

In July, MicroStrategy founder Michael Saylor called the adoption of a spot Bitcoin ETF<\/a> “a big event” for the crypto industry. In his view, the appearance of such an instrument is one of the catalysts for the growth of digital gold<\/a>.<\/p>\n

Co-founder Tom Lee predicted<\/a> the price of the first cryptocurrency would rise above $150,000 after the U.S. Securities and Exchange Commission approved the spot Bitcoin ETF.<\/p>\n

Earlier, South Korea’s national pension fund earned more than 40%<\/a> on Coinbase shares.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of the cryptocurrency exchange Coinbase and the analytics software provider MicroStrategy rose above $115 and $520, respectively.<\/p>\n","protected":false},"author":1,"featured_media":87533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1207,1221],"class_list":["post-87532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-microstrategy","tag-stocks"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87532"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87532\/revisions"}],"predecessor-version":[{"id":87534,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87532\/revisions\/87534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87533"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}