MicroStrategy Overtakes Coinbase in Market Value, Driven by Bitcoin Holdings

In a significant market shift, MicroStrategy has surpassed Coinbase to become the 104th largest U.S. public company based on market capitalization. This rise is largely attributed to the company’s substantial Bitcoin holdings and recent appreciation of the cryptocurrency, exceeding $124,000 per coin. Michael Saylor, Microstrategy’s CEO and a staunch Bitcoin advocate, has shaped the company into a proxy for investors looking to gain exposure to Bitcoin without directly dealing with cryptocurrency volatility.