Stock market gains and Bitcoin price increases are noticeable for crypto-based companies like Coinbase and MicroStrategy.
As Bitcoin surges beyond $35,000 on October 24, businesses with sizable cryptocurrency holdings or activities are seeing a positive market reaction.
Bitcoin exchange As the market opened, shares of corporate Bitcoin investor MicroStrategy Inc. and Coinbase Global Inc. experienced increases of 14% and 12%, respectively. Marathon Digital Holdings Inc. and Riot Platforms Inc., two other cryptocurrency mining companies, also posted rises of over 13 percent during the early trading hours.
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