MicroStrategy overtakes Coinbase in market cap, shifting the landscape of crypto companies.
A major Bitcoin fund plan strengthens MicroStrategy’s position as the largest corporate BTC holder.
MicroStrategy’s stocks gain surpasses Microsoft, highlighting the impact of its Bitcoin strategy.
MicroStrategy Inc. has overtaken Coinbase Global Inc. in market capitalization, marking a shift in the ranking of crypto firms. Reports indicate MicroStrategy’s valuation reached $49.77 billion, surpassing Coinbase’ $47.91 billion.
BREAKING: MicroStrategy just flipped Coinbase's market cap!#Bitcoin Strategy 
pic.twitter.com/ccvxxXIPGU
— Bitcoin Archive (@BTC_Archive) October 31, 2024
This increase in valuation follows MicroStrategy’s announcement of a substantial fundraising goal dedicated entirely to Bitcoin purchases.
MicroStrategy’s Bitcoin-Focused Strategy Drives Growth
MicroStrategy’s market rise is linked to its plan to raise $42 billion over the next three years, a fund reserved for expanding its Bitcoin holdings. Since announcing this on October 30, the company’s stock has increased in value.
Read also: MicroStrategy’s Bitcoin Strategy Drives…
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